43% of those surveyed said they worry about theSocial Security systema great deal, while 24% said they worry about it a fair amount. Among those not yet retired, 34% were still counting on Social Security to be a major source of retirement income.So what will Social Security ...
The article discusses the annual report released by the Social Security Trustees on April 23, 2012 that projects exhaustion or the inability to pay full benefits in 2033 with the combination of the old age and disability trust funds. Social Security Commissioner Michael Astrue explains that ...
Whether you're nearing retirement or still have several years left in your career, there are a few ways the recession could affect your senior years. 1. Mass layoffs could affect your future Social Security benefits The Social Security Administration (SSA) relies primarily on payroll taxes to ...
After retirement, Social Security provides you with some income to help you pay for your living expenses. The exact amount of Social Security income you receive through monthly payments will depend on when you start toaccept Social Securityincome and what you earned during your working years. Lear...
A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth of new data available through the Health and Retirement Survey (HRS) to examine the impact of Social Security incentives on male retirement. We implement forward-looking models of ...
When it comes to preparing for a financially comfortable retirement, you're going to have to plan ahead. It's important to take advantage of your Social Security benefits, specifically. In order to boost your retirement income, you don't want to collect too early or make any major life dec...
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Benefit cuts aren't guaranteed, but it's wise to start preparing for them -- just in case. Delaying Social Security is one of the simplest ways to boost your monthly payments and can help protect your retirement, regardless of what the future holds. ...
Social Security: The Chilean Approach to Retirement [Excerpt] This CRS report focuses on the Chilean individual retirement accounts system. It begins with a description of the U.S. Social Security policy debate, along with a brief comparison of Chile and the United States. Next, the repo... ...