Tag: Social Security
Social Security Administration Aims for Informative, Time-Saving Website Redesign
Understanding when and how to take Social Security distributions should be a critical part of everyone’s retirement planning, according to...
Making Retirement Income Projections Useful
Plan participants need advisers to go beyond just awareness of their balance to thinking about that balance in the form...
Six Misconceptions About Social Security That Can Affect Participants
Not recognizing the impact of claiming benefits early – or the benefit of waiting – is essential.
Think Again: When Should Workers Begin Saving for Retirement?
A new study in the Journal of Retirement argues that if one’s goal for retirement saving is to keep their...
Social Security COLA’s Could Have Big Impact on Advisers’ Retirement Planning
Advisers discuss the cost-of-living adjustment and what it could mean for pre- and post-retirees.
Social Security Benefits See Highest Increase in 40 Years
The increase tops the 5.9% cost-of-living adjustment seen in 2022.
Millennials May Be Headed Towards a Rocky Retirement, Research Shows
The Pension Research Council at Wharton Business School published findings that suggest millennials will likely have lower relative retirement savings...
What Is the DOL’s Plan If the Government Shuts Down?
Like most organs of the federal government, the Labor Department maintains an explicit policy for government shutdowns as a consequence...
U.S. Drops to 18th on Natixis Retirement Index, Due to Economic Issues, Aging Population
This year’s report warns that “key risk concerns for retirement security are coming to a head in today’s rapidly changing...
Social Security Concerns Drive Early Benefit Claims
Almost half of workers surveyed (48%) have no strategy to generate retirement income, Schroders finds.
A Social Security Solvency Q&A
Joe Elsasser, Covisum’s founder and president, gives his view of the 2022 Social Security Board of Trustees solvency report.
Latest Social Security Solvency Update Sees 2035 Depletion Date
The combined asset reserves of the Old-Age and Survivors Insurance and Disability Trust Funds are projected to become depleted in 2035, which is one year later than projected...
Workers Remain Optimistic About Retirement
Workers are confident that they will have enough money for basic expenses during retirement.
The State of Social Security: Mixed Perspectives
Experts say the uneven economic impact of the COVID-19 pandemic in some ways minimized its likely long-term effects on Social...
Most Individuals Not Considering Social Security’s Part in Retirement Income
Study findings suggest that communicating about Social Security’s online portal could improve retirement preparedness, especially for low-income employees.
How Advisers Can Help Low-Income Workers Save in Employer-Sponsored Plans
Financial wellness campaigns that explain the benefits of delaying Social Security until full retirement age can also help low- and...
Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns
The important federal benefit increases when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers,...
Lawmakers Running Out of Time for Fixing Social Security
The more they wait, the more significant the changes affecting workers and beneficiaries will be, according to the Social Security...