According to the GAO report, the three pillars of the current retirement system in the United States are anticipated to be unable to ensure adequate benefits for a growing number of Americans due, in part, to the financial risks associated with certain federal programs.
Tag: Social Security
Social Security and Supplemental Security Income recipients will see a 2% increase next year—the largest increase since 2012.
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.
Baby Boomers are adopting better financial habits, but Millennials may be overconfident in theirs, a study by Allianz finds.
Recent retirees paint a different picture of life in retirement than some pre-retirees expect.
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.
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.
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.
The CRR explores various ways investment returns and Social Security could be affected by an aging population.
Despite their pessimism, Social Security remains a portion of Millennial’s plans for living in retirement.
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.
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.
Prudential research indicates that the retirement account balances of female employees are, on average, one-third lower than their male counterparts.
Including information from outside sources, the Retirement Readiness Report projects a clearer picture of participants’ retirement outlook.
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.