If you're years from receiving Social Security benefits like myself, then like me you're probably assuming Social Security won't be around when you retire. So, short of privatization or getting rid of Social Security completely, here are my recommendations for fixing it once and for all, and without causing any short-term shortfalls in collections: 1) Means testing -- SS benefits should be phased out gradually the less you rely on it for retirement. I think it's ridiculous that there are people who have SS benefits guaranteed to them and yet it represents a small fraction of their overal retirement earnings. I know this sounds way too progressive, but the only way to reduce the overall burden of SS is to relegate it to purely a benefit for those who truly need it. This could be applied immediately and with a gradual phase-out to people already receiving benefits. 2) Allocate a portion of the SS windfall for centralized managed investments -- Having most of the SS revenues merely pass through to recipients is bad enough, but to have the rest invested in US treasuries that are barely beating inflation is downright criminal. Rather than private accounts, which have a risk of being wasted away through poor individual investment decisions, a portion of the $100 billion annual surplus (as well as the roughly $2 trillion already held in the trust fund) should be syphoned into a fund managed by professionals tasked with growing it at least at 6-10% annually. Every other state retirement funds does it with tremendous success, and it would allow for the money to be channeled into alternative investments. It could also become a sovereign fund that could be an international activist investor. 3) Increase the retirement age -- Granted everyone wants to retire by the age of 60, but SS was created when the average life expectancy was 67. Today it's 77. At least bump up the minimum age to 65 if not higher. This should be gradually increased for people nearing retirement age and in full effect for those younger than 50. Obviously I haven't done the math, but I would think this would go a long way in addressing this 800Lb gorilla (well, actually, I suppose Medicare is the true 800Lb gorilla, so maybe SS is the 500Lb one sitting next to it). Any opinions on what I laid out here, and any other ideas you can add?