Unemployed Older Workers at Risk of Involuntary Retirement
Retirement Equity Lab says if these exits continue, they will increase old-age poverty and worsen the recession.
Tag: Social Security
Working Generations Are Uncertain about Social Security
However, Millennials and Gen Xers are open to working with financial advisers to learn more and maximize benefits.
Biden’s Plan to Shore Up Americans’ Retirement Builds on Status Quo
It proposes reinforcing Social Security and Medicare as key steps to providing greater retirement security to older Americans.
Some Older Workers Feel Inclined to Take Early Social Security
Since this resource is viewed as a lifetime guaranteed income source, some older workers scrambling for relief are considering it their only solution.
Social Security Reports Comparable Projections from 2019
However, the estimates do not reflect the potential outcomes due to the COVID-19 pandemic, says the Social Security Board of Trustees.
Social Security Needs YOU
Advisers are asked to advocate for the program’s reform.
The Obligation to Save Social Security
With the recent passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, advisers and other retirement plan service providers have an opportunity to build on their successful lobbying effort.
The Positive Impact of Claiming Social Security Later
The Center for Retirement Research says the reduction for claiming early is currently too large while the increase for claiming late is about right.
Social Security Benefits to Rise 1.6% in 2020
Social Security is a big part of retirement income planning for employees.
Illustrative Stories Can Help With Understanding Retirement Income Choices
Whether by video or written text, researchers found a short story significantly improved test scores about annuities and Social Security claiming.
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Social Security Maximization
One's claiming age is key to stretching benefits
LifeYield Offers Social Security Advantage through Allianz
Financial professionals who do business with Allianz can soon provide information surrounding what may be optimal timing to take Social Security benefits, as well as how to file based on various financial and spousal scenarios.
Health Care Will Cost a 65-Year-Old-Couple $396K Over Their Lifetimes
This is assuming their health is average, according to Milliman.
A Crash Course in Social Security Maximization
Cost of living increases, claiming age, marital status and work history all complicate Social Security claiming strategies.
Bill Reintroduced to Create Federal Retirement Commission
The Federal Retirement Commission would conduct a comprehensive review of private benefit programs in the U.S., with an eye toward strengthening them.
Many Retirees Wish They Had Delayed Taking Social Security Benefits
MassMutual says a married couple that lives into their 90s but decides to begin their Social Security benefits at age 62 as opposed to age 70 could be leaving as much as half a million dollars on the table, or forfeiting $2,000 to $4,000 a month for life.
Pre-Retirees Overestimate Social Security Benefits by 28%
Just over one-quarter of adults think they can live comfortably on Social Security alone, according to a survey by the Nationwide Retirement Institute.
Insights Into How to Better Communicate Lifetime Income
A professor at the UCLA Anderson School of Management discussed biases that must be considered when helping people make retirement income decisions.
Wells Fargo Suggests Generational Approaches to Retirement Saving
Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X and Baby Boomers can successfully save for retirement.
Majority of Americans Think They Are on Track for a Secure Retirement
However, they are worried about health care costs.