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Saving Social Security

The retirement trust fund is projected to run out before the middle of the century. Here's how the presidential candidates plan to keep it alive.

By Walter Updegrave, Money Magazine senior editor

10 of 10

Mike Huckabee's plan

Private accounts? Yes

Hiking the wage cap? N.A.

Stand on reforming the system:
Supports Bush plan for private accounts; would give retirees option of a buyout or an annuity.

Proposal to pay for the funding gap:
Would replace Social Security payroll tax with his "FairTax," which is based on wealth.

--Additional reporting by Alexis Jeffries and Jessica Manners

Saving Social Security

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