Doherty explains why Social Security is not a Ponzi Scheme. He will compare it to the scheme originally perpetrated by Charles Ponzi.  He will clearly show that Social Security has little to nothing in common with a Ponzi scheme and why it is a huge disservice to continue to make that analogy. Doherty will also go on to address the fear that Social Security has an insurmountable long-term funding issue. The majority of people in this country are worried that Social Security will run out of money and they use that as a reason or excuse to claim their benefits early. Doherty will explain why those fears and worries are unfounded and goes on to make the case that Social Security will be around for the next 75 – 100 years, even if the government doesn’t do anything to fix it’s long-term funding issue. Next he will address the simple things that can be done to resolve those funding issues with no benefit cuts for the next 75 – 100 years. In order to come up with a plan to fix the system, Doherty worked with an ex- Social Security actuary, who was also a Head Actuary of a major   Read more…