THINKADVISOR: What’s your take on President Biden’s proposal for fixing Social Security?
ALICIA MUNNELL: A step in the right direction. Good ideas but incomplete. There’s nothing wrong with it. It’s just not complete. He wants to have a few benefit enhancements and to increase taxes for people earning over $400,000. But I don’t think his numbers close the full 75-year Social Security [system] shortfall.
Author(s): Jane Wollman Rusoff
Publication Date: 19 March 2021
Publication Site: Think Advisor