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The Worst Way to Withdraw From Your Retirement Accounts

MarketWatch

The Trust Act is not the way to fix Social Security

Last month, I was invited to a forum on “Trust Fund Solutions,” which means Sen. Mitt Romney (R-Utah) is still pushing his TRUST Act. One of the bill’s co-sponsors — Sen. Angus King (I-Maine) — also appeared on the program. While the Trust Act sounds like a benign piece of bipartisan legislation, its unifying theme — namely, programs with trust funds — doesn’t make much sense, and the proposal could well lead to major cuts to Social Security.

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