Social Insecurity: The Crisis in America's Social Security System and How to Plan Now for Your Own Financial Survival

Argues that the social security crisis is not over, suggests ways to alleviate the problem, and offers advice on retirement planning

Former Social Security commissioner Hardy and her father, financial adviser Colburn, here allege that unless a national retirement policy that retains Social Security as a base is adopted soon, the resources of a weakened and wounded Social Security will be exhausted by 2010. Having sounded the alarm, the authors offer suggestions on how to calculate and provide for post-retirement income needs, advising on tax strategies, IRAs, pensions, annuities and other profitable, safe investments. They also strongly urge that the private sector--and individuals at their own initiative--assume more responsibility, including promotion of a later retirement age and greater private savings, to provide for an increasingly longer lifespan and lower worker-retiree ratio. Addressed to both present and future retirees, this guide is succinct yet comprehensive. Author tour.
Copyright 1991 Reed Business Information, Inc.

Former U.S. Commissioner of Social Security Dorcas Hardy makes the case that the Social Security system is broken and outlines her own vision of a comprehensive national retirement policy. Her insight is informed and her arguments for the need for a solution are sound. Any solution, she advises, must recognize that Social Security will not provide for an individual's entire retirement needs. Colburn Hardy, her father, offers a financial plan that individuals may follow to help assure a successful retirement. This slight book reads like an expanded magazine article. Not a necessary purchase.
- Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1992 Reed Business Information, Inc.