Social Security benefits: Why it pays to delay

Social Security benefits: Why it pays to delay

Most retirees will rely on Social Security for retirement income, but those who claim the benefit too early may be short-changing themselves. Social Security provides a retirement income stream Social Security plays a critical role in any comprehensive and sustainable retirement income plan. Social Security benefits currently provide more than half of retirement income for

Partial improvement for social insurance programs

Partial improvement for social insurance programs

The latest data on the future viability of federal social insurance programs are mixed. While the outlook for Medicare improved slightly in the recently-released Social Security Administration Trustees’ annual report, Social Security’s anticipated insolvency date remained unchanged at 2033. As Social Security and Medicare remain a significant part of retirement planning for most workers, it