Planners Differ Over Social Security Fixes

Hulbert, Mark
August 2005
Journal of Financial Planning;Aug2005, Vol. 18 Issue 9, p20
Academic Journal
This article reports on the conflicting views among members of the Financial Planning Association (FPA) in the U.S. regarding the issue of fixing the future insolvency of Social Security. According to a 2005 survey of FPA members: 96.2 percent agree Social Security needs to be fixed today; 95.7 percent say their clients are somewhat or very concerned about Social Security's future; as for solutions, respondents cast 33 percent of their allotted 20 points on full or partial privatization, 21 percent on elimination of the payroll tax cap, and 18 percent on raising the retirement age; 64.5 percent support the idea of tying benefit increases to the Consumer Price Index instead of wage growth.


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