Happy birthday, Social Security! President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935, establishing a program that would grow over 90 years to become the foundation of retirement security in the United States. As we celebrate the remarkable accomplishments of Social Security during this anniversary month, it’s also important to keep an eye toward the future.
Read Dan Doonan’s Forbes column published on the 90th anniversary of Social Security.
To commemorate the program’s 90th anniversary, Dan Doonan, Executive Director, National Institute on Retirement Security, issued a statement on the importance of the program and the need for a bipartisan solution to address funding.
Fear-driven decision making, like claiming Social Security early, can undermine long-term retirement security.