A Former SSA Deputy Commissioner Weighs the Options
What You'll Learn
Join Mark J. Warshawsky — the economist who ran retirement and disability policy at the Social Security Administration — for a first look at his newly published analysis of what happens after the trust fund runs dry.**
The Social Security retirement trust fund is on track to run out in the…
Tom Dickson
Financial Experts Network
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Join Mark J. Warshawsky — the economist who ran retirement and disability policy at the Social Security Administration — for a first look at his newly published analysis of what happens after the trust fund runs dry.**
The Social Security retirement trust fund is on track to run out in the fourth quarter of 2032. When it does, current law calls for an automatic, across-the-board 24% cut to every beneficiary's check — the same percentage whether that retiree is living paycheck to paycheck or sitting on a multimillion-dollar portfolio. It doesn't have to happen that way, and your clients are going to want to know what does.
Mark J. Warshawsky — former Deputy Commissioner for Retirement and Disability Policy at the Social Security Administration, Harvard-trained economist, and current Senior Fellow and Wilson H. Taylor Chair in Healthcare and Retirement Policy at the American Enterprise Institute — will walk through his newly published *Journal of Retirement* analysis, "What Happens When the Social Security Trust Fund Is Exhausted: Alternative Contingency Policies."
In this session, you'll learn:**
- Why the exhaustion date keeps moving up, and what's actually driving it — from OBBBA's tax changes to the latest CBO projections
- The legal case that an across-the-board cut isn't the only option — and the two leading proposals for allocating the shortfall more fairly
- Warshawsky's own net-worth-based alternative, modeled on Australia's means-tested pension — including a newly published design that drops the age restriction entirely
- Why he calls his own proposal a "wealth tax" — and the specific rates it would impose
- What all of this means for how you talk to clients today, years before any of it becomes law
*CE/CPE Eligible: 1.5 CE credit(s) is(are) available to FEN Members with these designations: CFP, CLU, ChFC, and IAR. CPA members will earn 1.0 CPE credit(s).
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
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Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.