Ted Cruz Says Trump Accounts Could Replace Social Security. Retirement Pros Are Skeptical.

News May 14, 2026 at 02:02 PM
Share & Print

What You Need To Know

  • Sen. Ted Cruz, one of the architects of the program, says these accounts may pave the way to privatization.
  • Consultant Marcia Mantell says that, while she supports the accounts, she is "livid" at this suggestion.
  • An advisor called the idea an "interesting thought" and said his younger clients are not convinced the current program will be there for them.
NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Immediate Answers to Critical Tax Questions At Your Fingertips

Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.

Get More Information

Recently Added Q&As

Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
What is the CARES Act employee retention tax credit that was available during 2020 and 2021?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer

Related Stories