I have an out-of-the-box suggestion: For any parents who have been paying in but agree to forego receiving any payments from SS, their children would have a cho

I have an out-of-the-box suggestion: For any parents who have been paying in but agree to forego receiving any payments from SS, their children would have a choice: 1. Operate under the existing system. Pay into Social Security, and withdraw as normal when they're older. 2. Have 7.65% of their income invested in a total stock market index fund, which their employers would match. If they want, they can reduce their allocation below 100% stocks once they're 50 or older. We're already below replacement value for children per family, so while there would be a few families large enough for the benefit to the children to be significantly more than what the parents are giving up, it's still going to take quite awhile for the existing system to wind down. Slow end, simple replacement.