Merton Bernstein, an expert on Social Security and the Walter D. Coles Professor Emeritus at Washington University in St. Louis has made some bold claims, arguing that cutting Social Security will not help solve our country’s debt problem. In fact, he says, eliminating these benefits might hurt the economy. Social Security, is crucial for retirees, for family members who lose income due to a death or serious injury, and also for businesses, who would lose money due to lost purchasing power if the program were to end, Bernstein claims. In addition, he says that keeping the struggling program afloat will not be the challenge some predict it to be: simply increasing FICA by 1 percent on both employees and employers would ensure Social Security’s ability to pay in full for the next 75 years.
The web-based life agency's backers include an arm of RGA.
Somerset Re has close ties to Weiss Insurance Partners, and to Hannover Re.
If trust is earned a little at a time, where do you start?
Sponsored by SmartAsset
Cut through the noise and avoid common blunders many FAs make when trying to lure in new clients.
Sponsored by Orion Portfolio Solutions
Outsourcing investment management could be the answer to saving advisors time, improving their client experience, and helping them stand out in a crowded industry. So why are some advisors still reluctant to let go of those tedious day-to-day tasks?
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.