Our Blog

702-625-9260

How Would the Presidential Candidates Change Social Security?

Posted by Laura E. Stubberud | Jan 22, 2016 | 0 Comments

Social Security card and cash

Millions of Americans rely on Social Security for some or all of their retirement income, and millions more are paying into the system in the expectation that it will be there for them when they retire.  What changes should be made to the current Social Security system, if any, to keep it solvent and ensure that retirees do not live in poverty?

The 2016 presidential candidates have a wide range of proposals, from raising the full retirement age (most of the Republican candidates) to increasing the minimum benefit (Bernie Sanders and Martin O'Malley).  As a way to increase revenue, all three Democratic candidates favor lifting the payroll tax cap; currently, no Social Security tax is paid on income over $118,500 (in 2016).

The Center for Retirement Research of Boston College has compiled a chart comparing the candidates on their proposed Social Security changes.  Four GOP candidates, including Donald Trump and Carly Fiorina, have not proposed changes to the program.

To view the chart, click here.

About the Author

Laura E. Stubberud

Laura Stubberud has over two decades of experience in the practice of estate and family law in Nevada. After graduation from UCLA, she studied law at Southwestern University School of Law , graduating in 1992. With over 30 years of practice in Clark County, Nevada, Ms. Stubberud has substantial e...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Call us today at 702.625.9260. You’ll receive the highest level of personalized service.

Menu