Latest News
Most Americans Count on Social Security to Fund Retirement
Despite ongoing concerns about the future of our country’s Social Security program, more than half of Americans (including 40 percent of millennials) are planning to fund at least a portion of their retirement with Social Security benefits, according to Capital One ShareBuilder’s Financial Freedom Survey, a national study measuring current sentiment and behaviors related to investing and retirement, and tracking America’s progress on the path to financial freedom. The study found that social security is the most popular source for funding retirement, ahead of 401(k)s, pensions and investment portfolios. Additionally, despite a majority of non-retired Americans saying retirement investing is a top priority, many are not currently investing at all….The survey uncovered the following key themes related to retirement and investing: Read More…
In Related News…
Why You Need to Factor Pensions and Social Security Into Your Overall Wealth
Pension and Social Security benefits need to be looked at from a total wealth perspective—something investors often don’t do. Pension benefits are significant for U.S. households, especially older ones. For instance, according to the Social Security Administration, 53% of married couples and 74% of unmarried persons receive 50% or more of their income from Social Security….The level of pension benefits and the desire to take on risk during retirement will obviously vary by household. The perspective here is not to say investors with higher levels of pension assets must take on more risk in their portfolios; it just means they may have greater risk capacity to do so. Read More…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.