About Us
PRAUSA provides a complete, debt-free proposal for a transition to Personal Retirement Accounts—protecting current retirees while building real, inheritable wealth for future generations.
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.
Our Mission
Present a fully developed transition from today’s pay-as-you-go system to personal, inheritable retirement accounts, like IRAs.
Protect current retirees and near-retirees while ensuring younger workers never face the broken economics of Social Security.
Eliminate the need for permanent transition debt by using targeted benefit-formula adjustments, AWI-based PRA bookkeeping, and a scheduled shift into private custodial accounts, integrated with the existing wage-record system used by the Social Security Administration.
Demonstrate how a modern retirement system—based on ownership, transparency, and investment—can raise national savings, strengthen long-term growth, and allow FICA to phase out as the legacy system contracts.
What we stand for
Retirement security grounded in personal ownership—not political promises.
A transparent system where every worker accumulates a real financial asset.
A stable, orderly wind-down of Social Security that prevents crisis, avoids emergency tax hikes, and treats every generation fairly.
Practical reform rooted in economics, not ideology: simple, workable, fiscally responsible.
A note from the founder
After decades of studying Social Security’s structure and its long-recognized insolvency path, I realized that no one was offering a full, technically coherent transition plan—one that protects retirees, avoids permanent borrowing, and moves the nation to real savings. With 2033 rapidly approaching, inaction is no longer an option. I founded PRAUSA as an independent reform initiative to fill that gap and to offer a path forward that is both achievable and necessary. If you share this goal, I invite you to join this effort and help move the PRAUSA initiative from plan to policy.
Respectfully,
Ed Thompson
Founder
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.
About Us
PRAUSA provides a complete, debt-free transition to Personal Retirement Accounts—protecting current retirees while building real, inheritable wealth for future generations.
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.
Our Mission
Present a fully developed transition from today’s pay-as-you-go system to personal, inheritable retirement accounts, like IRAs.
Protect current retirees and near-retirees while ensuring younger workers never face the broken economics of Social Security.
Eliminate the need for permanent transition debt by using targeted benefit-formula adjustments, AWI-based PRA bookkeeping, and a scheduled shift into private custodial accounts, integrated with the existing wage-record system used by the Social Security Administration.
Demonstrate how a modern retirement system—based on ownership, transparency, and investment—can raise national savings, strengthen long-term growth, and allow FICA to phase out as the legacy system contracts.
What we stand for
Retirement security grounded in personal ownership—not political promises.
A transparent system where every worker accumulates a real financial asset.
A stable, orderly wind-down of Social Security that prevents crisis, avoids emergency tax hikes, and treats every generation fairly.
Practical reform rooted in economics, not ideology: simple, workable, fiscally responsible.
A note from the founder
After decades of studying Social Security’s structure and its long-recognized insolvency path, I realized that no one was offering a full, technically coherent transition plan—one that protects retirees, avoids permanent borrowing, and moves the nation to real savings. With 2033 rapidly approaching, inaction is no longer an option. I founded PRAUSA as an independent reform initiative to fill that gap and to offer a path forward that is both achievable and necessary. If you share this goal, I invite you to join this effort and help move the PRAUSA initiative from plan to policy.
Respectfully,
Ed Thompson
Founder
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.