PRAUSA
Freedom
America’s Founding Principle
Personal Retirement Accounts
Retire Social Security
PRA Pathway to a new solution
PRA - Personal Retirement Accounts: individually owned, fully funded, and inheritable. Ending forced transfers while ensuring genuine retirement security through ownership.
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 violates individual rights by forcing younger workers to fund retirees through wealth redistribution. The trust fund depletes by 2033, requiring 23% benefit cuts. Workers receive far less than private savings would yield. Built on compulsory sacrifice, the system is morally and economically unsustainable and must be replaced, not fixed.
The Solution
Social Security must be replaced with Personal Retirement Accounts (PRAs). Workers under 55 transition to mandatory PRAs while those 55+ remain unchanged. PRAs begin as bookkeeping accounts, then convert to private, investable, inheritable accounts. FICA continues funding legacy obligations as the system gradually phases out, creating solvent, property-based retirement without borrowing or benefit cuts.
The Plan
The Plan pairs PRAs with Recognition Bonds (RBs)—government obligations using Social Security's progressive formula, redeemable at full value. FICA funds current retirees while PRAs build separately. RBs convert unfunded liabilities into explicit debt. Eventually workers receive full OASD value: half compounding in PRAs, half as increased pay, creating ownership-based retirement.
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.
Learn More
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.
PRAUSA
© 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
PRA Pathway to Solvency
PRA - Personal Retirement Accounts: individually owned, fully funded, and inheritable. Ending forced transfers while ensuring genuine retirement security through ownership.
Freedom Through Ownership:
A New Retirement System
The Problem
Social Security violates individual rights by forcing younger workers to fund retirees through wealth redistribution. The trust fund depletes by 2033, requiring 23% benefit cuts. Workers receive far less than private savings would yield. Built on compulsory sacrifice, the system is morally and economically unsustainable and must be replaced, not fixed.
The Solution
Social Security must be replaced with Personal Retirement Accounts (PRAs). Workers under 55 transition to mandatory PRAs while those 55+ remain unchanged. PRAs begin as bookkeeping accounts, then convert to private, investable, inheritable accounts. FICA continues funding legacy obligations as the system gradually phases out, creating solvent, property-based retirement without borrowing or benefit cuts.
The Plan
The Plan pairs PRAs with Recognition Bonds (RBs)—government obligations using Social Security's progressive formula, redeemable at full value. FICA funds current retirees while PRAs build separately. RBs convert unfunded liabilities into explicit debt. Eventually workers receive full OASD value: half compounding in PRAs, half as increased pay, creating ownership-based retirement.
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.
Learn more
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.