The Social Security Administration Announces COLA for 2018
Social Security and Supplemental Security Income recipients will see a 2% increase next year—the largest increase since 2012.
Tag: Social Security
‘OOP’ Health Care Spending Chipping Away at Retirement Income
Out-of-pocket costs, notably for Medicare, are expected to rise—and take a bigger bite of retirees’ savings, says a new report by the CRR.
Boomers Embracing Saving Mentality
Baby Boomers are adopting better financial habits, but Millennials may be overconfident in theirs, a study by Allianz finds.
Health Care Costs, Social Security Concerns Near-Retirees
Recent retirees paint a different picture of life in retirement than some pre-retirees expect.
Improving Retirement Outcomes Considering Low Returns and Longevity
In addition to saving more and working later, researchers from State Street Global Advisors suggest policy changes that could improve retirement readiness for younger workers and late savers.
Americans Underestimate Long Term Financial Needs
A significant number of Americans underestimate how much they are likely to spend on health care in retirement, according to a recent Financial Engines survey.
Older Workers Not Saving Enough for a Secure Retirement
A new study suggests that without a universal supplement to Social Security, many of the 24 million workers ages 55 to 64 will face declining living standards or poverty in just 10 years.
How More Retirees Could Affect Investment Returns
The CRR explores various ways investment returns and Social Security could be affected by an aging population.
Millennials Lack Confidence in Social Security’s Future
Despite their pessimism, Social Security remains a portion of Millennial’s plans for living in retirement.
A Look at Proposals to Shore Up Social Security
The Center for Retirement Research at Boston College considers two very different approaches to solving the 75-year deficit in Social Security benefits projected by the administration’s recent Trustee Report.
Franklin Templeton Enhances Social Security Optimizer Tool
New tools gauge and display the amount of income from assets needed to delay benefits past full retirement age, as well as assets needed to replace income lost after the passing of a spouse.
Social Security Faring No Better in 2017
In order to extend the life of the Social Security funds past 2034, Congress needs to act, the Social Security Board of Trustees said.
Plan Sponsors Can Correct Gender-Based Retirement Income Gap
Prudential research indicates that the retirement account balances of female employees are, on average, one-third lower than their male counterparts.
Nationwide Tool Gathers Workers’ Data to Locate Their Savings Gaps
Including information from outside sources, the Retirement Readiness Report projects a clearer picture of participants’ retirement outlook.
More Citing Retirement Savings Accounts as Major Source of Retirement Income
Still, 34% of non-retirees say Social Security will be a major source of retirement income, a Gallup poll finds.
ICI Measures Adequate Income Replacement
Research findings show Social Security benefits and retirement income from employer-sponsored retirement plans, annuities, and IRAs together provide substantial income for U.S. retirees.
Women Prepare Better for the Unexpected
“Female decisionmakers are more likely to incorporate financial products that help accumulate assets to provide income for retirement, such as an annuity, into their financial plans than male decisionmakers," a Lincoln Financial Group study found.
Social Security Reform Should Consider Life Expectancy Gap
Researchers found that for those born in 1960, there is a $130,000 gap in benefits between the highest and lowest socioeconomic groups.
Social Security a Bigger Part of Boomers' Retirement Income Plans
Prior to the recession, 43% of middle-income Boomers planned on primarily relying on personal savings in retirement, compared to 34% now.
Plan Sponsors Can Help Participants Choose Tools for Estimating Social Security
Some tools make simple estimates, while others consider more parameters, an analysis finds.