a Social Security check means something very different to someone with no retirement savings than it does to someone with hefty retirement savings. Cutting 11 percent of the check someone lives on and 11 percent of the check someone barely notices are not the same thing. And, finally, cutting 11 percent of the check of […]
As a guaranteed income stream that cannot otherwise be liquidated or reinvested, most retirees don’t think of their Social Security benefits as an asset. Nonetheless, its value actually can be calculated, given known payments and reasonable assumptions regarding interest/growth rates and life expectancy. – Kitches Read the full article here.
The unemployment rate among workers over 55 is 4.1 percent, compared with 5.7 percent for the population overall, and labor force participation among older workers has been rising since the early 1990s. That’s arguably a better position to be in than that of a young person whose earnings potential has been forever damaged by starting […]
Washington – Five years after it was first announced, the nation’s Retirement Income Deficit (RID) has risen from $6.6 trillion to $7.7 trillion. The updated figure was released by the Pension Rights Center today in conjunction with a hearing on “Bridging the Gap: How Prepared are Americans for Retirement?” held by the U.S. Senate Special Committee on Aging. Testifying at the hearing […]