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6 Facts About the Social Security Trust Fund
Tweet Share on Facebook April 24, 2012 Comment (14)The assets in Social Security’s trust funds are expected to be exhausted in 2033, three years earlier than last year’s estimate, according to the latest Social Security Board of Trustees' annual report. After that, there will only be enough revenue coming in to pay out about three quarters of promised benefits unless changes are made to the system. Here are the results of Social Security’s annual financial checkup:
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Social Security Claiming Slows
Tweet Share on Facebook April 17, 2012 CommentSocial Security sign-ups spiked in 2009, when a record high of 3.2 million Americans age 62 and older began collecting benefits. But the number of people newly claiming Social Security has since declined to 3.1 million in 2010 and 3 million in 2011, according to a recent Urban Institute analysis of Social Security Administration data.
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How Baby Boomers are Picking a Retirement Age
Tweet Share on Facebook April 13, 2012 Comment (5)Baby boomers have a variety of ways of deciding when they are ready for retirement. Almost half (45 percent) of the oldest baby boomers have already retired, according to a recent GfK Custom Research North America survey commissioned by the MetLife Mature Market Institute. The telephone survey of 1,012 people born in 1946 found that only about a quarter (24 percent) of these baby boomers are still employed full time, while the rest are working part time or seasonally, on disability, self-employed, or looking for work. Here’s how the oldest baby boomers are choosing when to retire:
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Young Employees Seek Jobs with Pensions
Tweet Share on Facebook April 3, 2012 CommentYoung and mid-career workers are paying more attention to retirement benefits when making career decisions. A recent Towers Watson survey found that people under 40 are increasingly going to work for and staying with employers that provide better retirement benefits.
