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

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. (Jan.)