Social Security's crucial role shadowed by new doubts
Recent studies underscore the importance of Social Security as the bedrock of a secure retirement, but pre-retirees are having doubts about the program.
Source: investmentnews.com
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U.S. workers say they'll need average of $4,940 a month income in retirement: survey
U.S. workers forecast they’ll need an average $4,940 monthly income to enjoy a comfortable retirement, according to a new survey by Schroders. The survey, which polled roughly 2,000 employees, found a third (32 per cent) believe they’ll need to replace between 50 per cent and 74 per cent of their final paycheque with other sources […]
Source: benefitscanada.com
DC Plan Sponsors Want to Add Annuities — But They Face Hurdles
While employers say they want to add annuities to the mix available to defined contribution participants, they are concerned about potential lawsuits.
Source: institutionalinvestor.com
Pre-Retirees Plan to Collect Social Security Early, Not Maximizing Benefit
Although waiting until age 70 earns a retiree more Social Security benefits, many plan to start collecting earlier due to fears of insolvency, Schroders research shows.
Source: plansponsor.com
Why Social Security fears tempt Americans to tap retirement sooner
More Americans plan to claim Social Security benefits for retirement earlier than later, even if it means leaving money behind. Here's why.
Source: app.com