Freedom
America’s Founding Principle
Personal Retirement Accounts
Retire Social Security
About Us
Social Security is approaching a predictable fiscal crisis. Insolvency is projected for 2033 and Washington has offered no realistic plan to prevent across-the-board benefit cuts. Waiting until then would be disastrous. PRAUSA exists for a single purpose: to provide a complete, workable, debt-free transition from the current wealth transfer system to a program of individually owned Personal Retirement Accounts (PRAs)—accounts that build real wealth, restore personal responsibility, and permanently end Social Security’s unfunded liabilities.
2033
Year that SS funds are projected to deplete
-23%
Benefit cuts that will
happen
$65.8 Trillion
Size of the Social Security Problem
Freedom Through Ownership:
A New Retirement System
The Problem
Social Security was built on a flawed premise: a mandatory transfer of income from workers to retirees, enforced through government power. Instead of personal saving, the system depends entirely on each new generation financing the last. The trust fund will be exhausted by 2033, triggering automatic across-the-board cuts of roughly 23%. Workers earn far less than private savings would provide. A system rooted in compulsory sacrifice cannot be repaired; its moral and economic failures require replacement, not patchwork fixes.
The Solution
Social Security must be replaced with Personal Retirement Accounts (PRAs). Workers under 55 shift to PRAs, while those 55 and older remain fully protected under current law. PRA balances begin as credited accumulations of each worker’s FICA contributions, recorded annually and allowed to grow with wage-indexed returns. As cohorts progress, these credited balances convert into private, investable, inheritable accounts. FICA continues to fund legacy retirees while the old system winds down, enabling a solvent, property-based retirement structure without borrowing or benefit cuts.
The Plan
The PRA Plan replaces Social Security with individually owned, inheritable accounts that grow with wages. Workers under 55 receive retroactive credits and build PRA balances that yield higher benefits and greater flexibility than today’s system. As legacy retirees decline, FICA gradually converts into lower mandatory PRA contributions, ultimately creating a fully private, property-based retirement system with rising take-home pay.
Retire Social Security
Starting 2028, workers under 55 build Personal Retirement Accounts while legacy Social Security stabilizes through modest adjustments: retirement age to 68, high-earner benefit trims, tiered COLA, and disability reforms. No borrowing or tax hikes. System transitions fully to PRAs by 2046–2050, avoiding 2033 collapse.
No insolvency event
No Benefit Cliff
No Tax Hikes
No borrowing
Frequently Asked Questions
Clear answers to help you make confident decisions.
What if the stock market crashes?
PRAs are diversified, long-horizon accounts. Only custodial PRAs—after the bookkeeping phase ends—hold market assets. Early balances are notional and untouched by volatility. Custodians must meet strict fiduciary standards and offer default life-cycle portfolios that automatically reduce equity exposure with age.
What if someone retires during a downturn?
By retirement, PRA assets are fully custodial, diversified, and set on a glide-path that limits volatility later in life. Withdrawals occur gradually over decades, not in a single lump sum, minimizing timing risk.
What protects low-income workers?
The PRA design retains a minimum benefit floor so no worker falls below today’s progressive replacement levels. Required contributions are calibrated to generate roughly twice the retirement benefit of Social Security on average, even for low-earning workers.
Is this privatizing Social Security?
During the bookkeeping phase, FICA flows and benefit payments continue exactly as they do now. As balances mature into custodial PRAs, the system becomes a privately owned, government-mandated retirement program, similar in structure to IRAs but universal and automatic.
Want to learn more or get involved?
Click the link below to get added to our newsletter and learn ways to get involved with the move to PRA accounts.
© Copyright 2025. Personal Retirement Accounts. All Rights Reserved. Content may not be reproduced without permission.
FREEDOM
America’s Founding Principle
Personal Retirement Accounts
Retire Social Security
About
Social Security is approaching a predictable fiscal crisis. Insolvency is projected for 2033 and Washington has offered no realistic plan to prevent across-the-board benefit cuts. Waiting until then would be disastrous. PRAUSA exists for a single purpose: to provide a complete, workable, debt-free transition from the current wealth transfer system to a program of individually owned Personal Retirement Accounts (PRAs)—accounts that build real wealth, restore personal responsibility, and permanently end Social Security’s unfunded liabilities.
Freedom Through Ownership:
A New Retirement System
The Problem
Social Security was built on a flawed premise: a mandatory transfer of income from workers to retirees, enforced through government power. Instead of personal saving, the system depends entirely on each new generation financing the last. The trust fund will be exhausted by 2033, triggering automatic across-the-board cuts of roughly 23%. Workers earn far less than private savings would provide. A system rooted in compulsory sacrifice cannot be repaired; its moral and economic failures require replacement, not patchwork fixes.
The Solution
Social Security must be replaced with Personal Retirement Accounts (PRAs). Workers under 55 shift to PRAs, while those 55 and older remain fully protected under current law. PRA balances begin as credited accumulations of each worker’s FICA contributions, recorded annually and allowed to grow with wage-indexed returns. As cohorts progress, these credited balances convert into private, investable, inheritable accounts. FICA continues to fund legacy retirees while the old system winds down, enabling a solvent, property-based retirement structure without borrowing or benefit cuts.
The Plan
The PRA Plan replaces Social Security with individually owned, inheritable accounts that grow with wages. Workers under 55 receive retroactive credits and build PRA balances that yield higher benefits and greater flexibility than today’s system. As legacy retirees decline, FICA gradually converts into lower mandatory PRA contributions, ultimately creating a fully private, property-based retirement system with rising take-home pay.
Retire Social Security
Starting 2028, workers under 55 build Personal Retirement Accounts while legacy Social Security stabilizes through modest adjustments: retirement age to 68, high-earner benefit trims, tiered COLA, and disability reforms. No borrowing or tax hikes. System transitions fully to PRAs by 2046–2050, avoiding 2033 collapse.
No Insolvency Event
No Benefit Cliff
No Tax Hikes
No Borrowing
Frequently Asked Questions
Clear answers to help you make confident decisions.
What if the stock market crashes?
PRAs are diversified, long-horizon accounts. Only custodial PRAs—after the bookkeeping phase ends—hold market assets. Early balances are notional and untouched by volatility. Custodians must meet strict fiduciary standards and offer default life-cycle portfolios that automatically reduce equity exposure with age.
What if someone retires during a downturn?
By retirement, PRA assets are fully custodial, diversified, and set on a glide-path that limits volatility later in life. Withdrawals occur gradually over decades, not in a single lump sum, minimizing timing risk.
What protects low-income workers?
The PRA design retains a minimum benefit floor so no worker falls below today’s progressive replacement levels. Required contributions are calibrated to generate roughly twice the retirement benefit of Social Security on average, even for low-earning workers.
Is this privatizing Social Security?
During the bookkeeping phase, FICA flows and benefit payments continue exactly as they do now. As balances mature into custodial PRAs, the system becomes a privately owned, government-mandated retirement program, similar in structure to IRAs but universal and automatic.
Want to learn more or get involved?
Click the link below to get added to our newsletter and learn ways to get involved with the move to PRA accounts.
© Copyright 2025. Personal Retirement Accounts. All Rights Reserved. Content may not be reproduced without permission.