Famed advisor Ric Edelman has joined with the Bipartisan Policy Center to launch the new “Funding Our Future: A Campaign for America’s Retirement Security” initiative to reignite the debate among consumers and policymakers about Americans’ retirement security.
“My concern is no one in Congress is talking about” the three-pronged issue that the initiative plans to tackle — saving Social Security, making it easier for people to save and producing a lifetime income, Edelman, founder and executive chairman of Edelman Financial Services, told ThinkAdvisor in a Thursday phone interview.
“The problem is that no one on Capitol Hill or the White House is dealing with this right now,” he said. “The reason they’re not engaging is obvious: No one ever got re-elected by talking out Social Security.”
Edelman along with BPC and the other members of the initiative “recognize the issue and we all have ideas and recommendations,” Edelman said.
Edelman said the campaign, announced Thursday, will start by raising consumer awareness.
“We need voters to give their elected officials the permission to talk about this” three-pronged retirement issue, Edelman said, which the group intends to make the “focus of the upcoming election.”
In the 2016 presidential election, Edelman added, “not a single candidate mentioned Social Security. That’s astounding.”
Edelman said that his companion plan to supplement Social Security, the Tomorrow’s Retirement for the U.S. Today Fund for America (T.R.U.S.T. Fund for America), which he announced last April, will be part of the new initiative announced Thursday, which he said is “the beginning of a long-term enterprise.”