Social Security could be (partially) privatized
A privatized Social Security program has its pros and cons, depending on who you ask. In the past, President Trump pitched a plan for the partial privatization of Social Security. The partial privatization would give future retirees a better control of their benefits and allow them to decide how to invest some of those benefits to grow them at a faster pace than the federal government. The plan seems to have been put on hold but who knows what will happen if Trump gets reelected.
If you’re looking to boost your retirement savings, there are a few things you can do that could bring you as much as $16,728 extra money every year. On that note, read and discover 10 Things to Do for Bigger Social Security Checks.
