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Will Social Security be There When You Retire?
(By – Rebekah Barsch, www.northwesternmutual.com) I read something recently that illustrates one of the challenges facing Americans saving for retirement. A 2014 Pew Research survey found that most Americans, including Millennials, Gen Xers and Baby Boomers, lack confidence that they’ll receive their…
What Happens If the Social Security Trust Fund Runs Out in 2O34?
(By – Pat Regnier, (time.com) The trustees of the Social Security system’s finances released their annual report on Wednesday afternoon. They say the combined trust funds that help pay old age and disability benefits are likely to run out by 2034,…
US Social Security and Medicare Trustees Rpt Fact Sheet – Text
(Source – www.marketnews.com) The following is a fact sheet issued by the Social Security and Medicare Trustees along with their annual report Wednesday: FACT SHEET: SOCIAL SECURITY AND MEDICARE TRUSTEES REPORT Today the Social Security and Medicare Boards of Trustees issued…
House GOP, Dems voice strong opposition to Senate highway bill
(By – Peter Schroeder and Mike Lillis, The Hill) (Rep. Xavier Becerra (Calif.), chairman of the House Democratic Caucus) singled out an offset provision that would take money from the Social Security trust fund, arguing that any tweaks to the retirement benefit…
Is Your Social Security Safe?
(By – TAYLOR WOFFORD, www.newsweek.com) Obamacare has breathed temporary new life into Medicare, but the program, along with Social Security, is still on track to run out of money within 20 years, trustees of the programs announced Wednesday. Their regular reporting of…
Why Most People Can’t Even Guess What Their Social Security Benefits Will Be
(By – Andrew Biggs, Forbes Contributor) The Center for Retirement Research at Boston College released a nice paper by Steven Sass looking at whether the Social Security Statement improved Americans’ knowledge of the benefits they’ll receive once they retire. Since…
Identity-theft protection firm LifeLock again facing charges from FTC
(By – Edward Moyer, www.cnet.com) LifeLock — the security company that famously touted its identity-theft protection services by flaunting its CEO’s Social Security number in ads (only to then see his identity stolen) — is again feeling the heat from the Federal…
Social Security spousal benefits: 5 shocking facts you should know
(By – Dan Caplinger) Millions of workers expect to enjoy Social Security benefits after they retire. Yet Social Security also provides benefits to the spouses of many of those workers, and for millions of families, Social Security spousal benefits make a…
Time to end 401(k) matches?
(By – Jennie L. Phipps, www.bankrate.com) For dedicated retirement savers, a healthy employer match seems like a great thing, providing a guaranteed return on savings even when interest rates and stock prices fall. But some academics are looking at the deal and…
5 Best Tips to Save $1 Million for Retirement
(By – Barry Glassman, Forbes Contributor) Everyone knows that they need to save for retirement especially with company pensions becoming extinct over the next generation. At some point, you’re going to stop working and will have to live on whatever you have…