Facing Up to the Truth About Social Security

Last week I was invited to Washington D.C. to participate in an elite panel on the future of retirement savings, a discussion sponsored by the Aspen Institute. One highly respected expert started talking about investments and savings, noting that along with Social Security, they were the basis of boomer retirement income.

I could barely contain my reaction as I waved my hand to comment:

"If you believe in the Social Security 'Trust Fund,' you must also believe in the tooth fairy!" I said. ...