{"id":7699,"date":"2012-01-24T14:25:40","date_gmt":"2012-01-24T19:25:40","guid":{"rendered":"http:\/\/www.annuityfyi.com\/blog\/?p=1078"},"modified":"2023-02-15T01:19:48","modified_gmt":"2023-02-15T01:19:48","slug":"fix-social-security-with-variable-annuities","status":"publish","type":"post","link":"https:\/\/www.annuityfyi.com\/blog\/2012\/01\/fix-social-security-with-variable-annuities\/","title":{"rendered":"Fix Social Security with Variable Annuities"},"content":{"rendered":"<p>The <em>Annuity News Journal&#8217;s<\/em> Christi Roberts says that &#8220;Variable Annuities Could Save Social Security.&#8221;&nbsp; I think there is a valid argument for this point, but can&#8217;t imagine how long of a road it would be to get the government on board.&nbsp; Social Security has been in place since 1935 and changing the system would be difficult to say the least.&nbsp; But the system has become flawed as more money continues to stream out than go in.&nbsp; Something has to be done to correct the demise of Social Security so that our kids and their kids will receive their money in retirement.&nbsp; Maybe switching the system to variable annuities will actually be the way to go.<\/p>\n<p>One advantage of variable annuities is that they grow tax-deferred until a date later in the future when you need money.&nbsp; They also offer stability with monthly income payments and protection in a down market.&nbsp; If you are lucky enough to possess a variable annuity during a market increase, your benefits will skyrocket.&nbsp; If the Social Security system started using variable annuities, growing their income tax-deferred would at the very least push the problem of running out of money farther into the future.&nbsp; Best case scenario, which many people believe is a possibility, restructuring Social Security in this way could correct the problems it faces today.<\/p>\n<p>Written by <a href=\"https:\/\/www.annuityfyi.com\/authors\/rachel-summit.html\" rel=\"author noopener\" target=\"_blank\">Rachel Summit<\/a><\/p>\n<p>Follow Finance Mama on Twitter <a title=\"Finance Mama Twitter\" href=\"https:\/\/twitter.com\/#!\/financemama\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/#!\/financemama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Annuity News Journal&#8217;s Christi Roberts says that &#8220;Variable Annuities Could Save Social Security.&#8221;&nbsp; I think there is a valid argument for this point, but can&#8217;t imagine how long of a road it would be to get the government on board.&nbsp; Social Security has been &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Fix Social Security with Variable Annuities\" class=\"read-more button\" href=\"https:\/\/www.annuityfyi.com\/blog\/2012\/01\/fix-social-security-with-variable-annuities\/#more-7699\" aria-label=\"Read more about Fix Social Security with Variable Annuities\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[227,12],"tags":[40],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7699"}],"collection":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=7699"}],"version-history":[{"count":1,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7699\/revisions"}],"predecessor-version":[{"id":27499,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7699\/revisions\/27499"}],"wp:attachment":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=7699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=7699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=7699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}