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.

What will Social Security look like when you retire?
What will Social Security look like when you retire?
It may depend on who wins the White House. The next administration will have a big job ahead given that in 2017 the system begins paying out more than it collects in payroll taxes and the famed trust fund is projected to run dry in 2041.

Money Magazine canvassed the leading candidates and found the talking points familiar: mostly "privatization" (allowing workers to divert some Social Security payroll tax to private investment accounts) vs. hiking the wages subject to payroll tax (now $102,000).

But two buzzwords crossed party lines: bipartisan commission. One headed by Alan Greenspan saved Social Security from its last crisis in 1983.

Saving Social Security

Hillary Clinton

Barack Obama

John Edwards

Bill Richardson

Rudy Giuliani

John McCain

Fred Thompson

Mitt Romney

Mike Huckabee
White House hopefuls revive the debate over how to make Social Security solvent. But they favor different approaches. (more)
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The top White House contenders are a lot richer than the rest of us. But a review of their finances shows they make a lot of the same mistakes we all do. (more)
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.