Browsing Tag
Social Security
312 posts
Most Americans Not Counting on Social Security for Retirement Income
Allianz Life study finds majority of Americans—and Gen Xers in particular—are worried about their long-term financial stability
Just How Strongly Americans Oppose Social Security Cuts: AP-NORC Poll
Nearly 9 in 10 over age 45 oppose cutting benefits as latest trustees report shows insolvency only a decade away
Next Retirement Reforms Need to Be ‘Smart’ Defaults: Shlomo Benartzi
Famed behavioral economist tells NAPA 401(k) Summit the best nudge—auto enrollment—can be even better with smart defaults
Social Security Trust Fund Projected to be Depleted in a Decade
2023 Social Security Board of Trustees Annual Report projects nearly 25% benefit cut by 2033 absent Congressional action
Latest Bill Pushes for Increased Social Security Earnings Limit
The Senior Independence Act would raise the annual earnings limitation to $30,000 for 2023
The Rage Over Raising the Retirement Age
As talk in the U.S. ramps up over a desire to raise Social Security’s full retirement age to tackle looming insolvency, France and China are changing laws to address demographic challenges
Older Adults Greatly Underestimate Social Security Benefits: NBER Research
Working paper shows that on average they shortchange monthly income by $158 per month or nearly $2,000 per year
2024 Social Security COLA Could Drop Below 3%
Looming recession could mean next year’s cost-of-living adjustment will fall well short of this year’s historic 8.7% raise
Biden’s Budget Seeks Ban on ‘Mega-Roth’ IRAs
The $6.8 trillion budget released today, deemed “DOA” by House Republicans, includes a variety of tax increases for wealthy
Nikki Haley Proposes Changing Retirement Age
The former South Carolina governor called for changes in retirement age and Medicare Advantage plans, but did not provide specifics