Although Social Security retirement benefits alone are generally not taxable, people with even a modest amount of income in a...Read more
Survey Shows Strong Disapproval of Social Security Privatization
- February 25th, 2005
There is much opposition to the Bush administration's proposal to partially privatize Social Security, according to the results of ElderLawAnswers' recent survey on the topic.
Nearly two-thirds (62 percent) of all respondents to the online survey oppose the privatization scheme. Fewer than one-quarter (24 percent) favor it, and 14 percent say they need to know more before forming an opinion.
ElderLawAnswers member attorneys who completed the survey were even more skeptical about the privatization plan than were consumer visitors to the site, with only 17 percent supporting it outright. Sixty-one percent of member respondents oppose it and 22 percent say they need more information. However, elder law attorneys as a whole were somewhat more favorable to the Bush plan, with 30 percent supporting, 55 percent disapproving, and the rest undecided.
Respondents also were asked whether or not they expect to receive Social Security benefits when they retire. One's optimism about the likelihood of receiving benefits clearly increases with age. While 35 percent of those age 44 or less do not expect to receive Social Security, virtually everyone age 45 and above is anticipating benefits.
Local Elder Law Attorneys in Ashburn, VA
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...