IRI Publishes Retirement Income Education for Participants
The documents are FINRA reviewed and focus on the topics of maximizing Social Security and tapping into common sources of sustainable retirement income.
Tag: Social Security
Strategies to Maximize Social Security and Medicare
When to start taking Social Security is one of the most important, and complicated, financial decisions a person can make.
AARP Tackles Social Security Misinformation
As retirees drawing Social Security income look forward to a modest increase in benefits scheduled for 2019, AARP has published a list of common Social Security misconceptions.
RetireReady Solutions Adds Income Feature to its Software
The Retirement Analysis Kit now includes a "bucket strategy."
Pre-retirees Say Social Security and Pensions Will Not Fund Retirement
Instead, workers will source funding from their 401(k), IRA or other savings vehicles.
Guaranteed Income, Shoring Up Social Security Suggestions for Improving U.S. Retirement System
This year, the U.S. scored a 58.8 overall in the Melbourne Mercer Global Pension Index, up from 57.8 in 2017.says the slight increase in the U.S.’s score was...
AARP Launches Social Security Resource Center
The new website is designed to be a one-stop place for investors and retirees to have their Social Security retirement questions answered, including when to claim.
Social Security Benefits to Increase 2.8% in 2019
This is in keeping with a rise in the DOL’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Wealthy Investors Question Adviser Expertise
The Spectrem study found 59% of investors said their adviser understands Social Security benefits, while 47% said their adviser is knowledgeable about Medicare.
Millennials Benefiting from Retirement Plan Modernization
They are on track to replace 75% of their income, compared to 64% for Americans overall.
A Mere 6% of Retirees Continue Working
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
Workers Worry About the Future of Social Security
This is especially a concern, as only 20% believe they are saving adequately for retirement.
Gen X, Millennials May Have Misguided Retirement Expectations
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income,...
Most Retirees Only Withdrawing Required Minimum Distribution
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
More Than Half of Advisers Say Clients Ask Them About Social Security
Yet, only 13% of workers have discussed Social Security with an adviser.
An Uncommon Argument Against Greater Savings
In a frank conversation with PLANADVISER, Andrew Biggs points to some common misconceptions about retirement income replacement among lower income groups.
Social Security Uncertainty Must Inspire Concerted Action
Commenting on new Social Security deficit projection figures published this week, Rob Fishbein, corporate counsel at Prudential Financial, says it’s not time to hit the panic button yet—but...
Most Americans Don’t Know How Much They’ll Need, to Retire
Among those who have made an estimate, the median amount is $650,000, Bankrate.com learned in a survey.
Social Security Board Revises Depletion Date, Calls for Congressional Action
The Social Security OASI Trust Fund is projected to become depleted in late 2034, as compared to last year’s estimate of early 2035.
