DIRS.INFO The most relevant business & tech news

Social Security trust fund reserves are projected to be depleted by 2035. The 2023 Social Security and Medicare Trustees annual report projects that the program's trust fund reserves will be depleted by 2035. "It's not that Social Security will disappear completely, but rather, the surplus bucket we rely on is at risk." The average Social Security check for a retired worker is only $1,907 per month, according to the Social Security Administration. Without sufficient action, reduced Social Security benefits might not be able to keep pace with rising costs.

Persons: Emily Millsap, you've, Roth, HSAs Organizations: Social Security, Avantax Wealth Management, Social, Social Security Administration, Workers

☆ The pandemic has changed when Americans expect to retire
▼ + stars: | 2024-05-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Most non-retired adults have some type of retirement savings, but only 36% think their savings are on track. New research from economists at the Federal Reserve Bank of New York finds that this retirement savings deficit hasn’t made a dent in when Americans plan to exit, or partially exit, the workforce. “The pandemic-induced change in retirement expectations may continue to affect the labor market in years to come,” they wrote. Yes, but: This is a survey of expectations, researchers at the New York Fed are quick to point out. Just because Americans say they plan to shift to part-time work or retire early, it doesn’t mean that they’ll be able to.

Persons: Felix Aidala, Gizem Kosar, Wilbert van der, ”, They’re, Alicia Wallace, delinquencies, Joelle, CNN’s Parija, Donna Morris, Morris, ” Morris Organizations: CNN Business, Bell, New York CNN, Census, Federal Reserve Bank of New York, Social Security, New, Survey, SCE, triannual, Social, Social Security Agency, Lawmakers, New York Fed, Federal Reserve Bank of New, “, Public Policy Research, Credit, Walmart, CNN, San Francisco Bay Area Locations: New York, United States, York, Federal Reserve Bank of New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey

☆ Opinion | Want to fix Social Security? The Well-Off Must Accept Smaller Checks.
▼ + stars: | 2024-05-13 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

That’s all that’s left until the combined Social Security accounts — the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund — are likely to run out of money and can no longer pay full scheduled benefits, according to the latest report of the Social Security trustees. (Even with no fix at all — highly unlikely — incoming payroll taxes would cover 83 percent of scheduled benefits.) What I do worry about is what Washington’s patch for Social Security will look like. The cold math shows that fixing Social Security in a lasting way will require a combination of tax increases and benefit cuts. And both parties’ leaders — President Biden and former President Donald Trump — have ruled benefit cuts off the table.

Persons: — President Biden, Donald Trump — Organizations: Security, Insurance Trust Fund, Disability Insurance Trust Fund, Social, Social Security, —

☆ As Social Security's funds face insolvency, experts say these are key factors to watch
▼ + stars: | 2024-05-08 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Phoenix Wang | Moment | Getty ImagesA new Social Security trustees report released on Monday provides a modest bright spot for the program. watch nowThe trust fund shortfall may be addressed through tax increases, benefit cuts or by taking funds from general revenues, he said. But Social Security is poised to be an issue in the upcoming House, Senate and presidential campaigns, he said. Here are some key revelations to note from this year's Social Security trustees report. If there is a major recession, many workers who are at the margin may apply for disability benefits, he said.

Persons: Wang, Jason Fichtner, Fichtner, Max Richtman, Laura Haltzel Organizations: Social Security, Center, Committee, Budget, National Committee, Preserve Social Security, Social, Congressional Research Service

☆ Social Security trust fund set to be depleted by 2035 estimates U.S. Treasury
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSocial Security trust fund set to be depleted by 2035 estimates U.S. TreasuryCNBC's Meghan Casella joins 'Closing Bell Overtime' with the latest on Medicare and Social Security fund estimates out of the Treasury.

Persons: Treasury CNBC's Meghan Casella Organizations: Social Security, Treasury, Medicare

☆ Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says
▼ + stars: | 2024-05-06 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Valerie Macon | Afp | Getty ImagesThe trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees' report released on Monday. The Social Security trustees credited the slightly improved outlook to more people contributing to the program amid a strong economy, low unemployment and higher job and wage growth. "This year's report is a measure of good news for the millions of Americans who depend on Social Security, including the roughly 50% of seniors for whom Social Security is the difference between poverty and living in dignity — any potential benefit reduction event has been pushed off from 2034 to 2035," Social Security Commissioner Martin O'Malley said in a statement. What reports reveal about Social Security, MedicareSocial Security's new 2035 depletion date applies to its combined trust funds. The Medicare Hospital Insurance trust fund — used to fund Part A benefits — saw the biggest improvement in this year's trustees report.

Persons: Valerie Macon, Martin O'Malley, O'Malley, — Organizations: Social Security Administration, Afp, Getty, Social Security, Social, Medicare, Insurance Trust, Disability Insurance Trust, Medicare Hospital Insurance, Insurance Trust Fund, Department Locations: Burbank , California

☆ More people are working well past retirement age. It’s not easy
▼ + stars: | 2024-04-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +11 min

So last October, at the age of 80, Murray ended her retirement and got a job giving out samples at Costco. Forecasters expect that cohort of older , working Americans to double over the next decade. “More people are working at desk jobs that don’t require much physical labor,” said Gal Wettstein, a senior research economist at the Center for Retirement Research at Boston College. “That’s people who are changing jobs, younger workers and non-college educated workers.” Older workers tend not to change jobs, and they’re more likely to have a college degree. The Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older in the workplace.

Persons: Hope Murray, ”, Murray, she’ll, “, Murray isn’t, Gal Wettstein, Monique Morrissey, ” Morrissey, What’s, Heidi Brockway, Brockway, Morrissey, ageism, Bob Vaughn, Wettstein, Vaughn, Mary Susan, they’ve, Mary Susan’s, they’d, They’re, Diane Reiter, ” Reiter, she’s, I’d, She’s Organizations: New, New York CNN, Gas, Costco, ”, Pew Research Center, Center for Retirement Research, Boston College, Economic Policy Institute, Social, Social Security Agency, Social Security, Lawmakers, AARP, Retirement Research, Amazon, Economic, Worker, Brookings Locations: New York, Hollywood, San Diego, Los Angeles, Southeast Florida, Florida, United States, Charlotte , North Carolina, Asheville, Chicago

☆ How America's Retirement System Turned Into a Stressful Nightmare
▼ + stars: | 2024-04-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Then you get to collect Social Security, on top of drawing from the nest egg you've built up over your career. The burden of saving for retirement — and the anxiety that comes with it — is a fairly new phenomenon. There's nothing irrational about being nervous that you won't have enough money to live on to last your whole life. The new system also allows people to dip into their retirement piles if need be — which can be both a blessing and a curse. AdvertisementIt's not likely that Social Security will just dry up — Congress could increase the retirement age or up the funding for the program.

Persons: they'll, Teresa Ghilarducci, —, they'd, Larry Fink, there's, Fink, It's, they're, Norman Stein, Drexel University's Thomas R, Chris Woods, They're, Stein, Riley Moynes, it's, Woods, Emily Stewart Organizations: Social, CNBC, The New School, Workers, BlackRock, Drexel, Kline School of Law, Silvis, Social Security, GOP, Security, Business Locations: America, New, Charlotte , North Carolina

☆ Why Retirement Feels so Scary for Millennials and Gen Z
▼ + stars: | 2024-04-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Then you get to collect Social Security, on top of drawing from the nest egg you've built up over your career. In a recent CNBC survey, over half of respondents in the US said they thought they were behind on saving and planning for retirement. The burden of saving for retirement — and the anxiety that comes with it — is a fairly new phenomenon. There's nothing irrational about being nervous that you won't have enough money to live on to last your whole life. AdvertisementIt's not likely that Social Security will just dry up — Congress could increase the retirement age or up the funding for the program.

☆ Retirement crisis looms as Americans struggle to save
▼ + stars: | 2024-04-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

“However, I am fully aware that I’m creating another problem for myself down the road.”For now, his retirement plans sit on the back burner. Retirement savings in the United States were long thought of as a three-legged stool. Americans had pension plans, Social Security benefits, and defined contribution plans like the 401(k). Social Security payments still provide about 90% of income for more than a quarter of older adults, according to Social Security Agency surveys. She’s had to rely on her 401(k) retirement savings to support her and her son more than once.

Persons: Eric Payne, there’s, ”, Payne, I’ve, he’ll, What’s, Larry Fink, “, –, ” Fink, Fink, Jamie, She’s, – Jamie, wasn’t, Donald Trump, ” Trump, Joe Biden, Karoline Leavitt, Trump, Biden, Bernie Sanders, Sanders, BlackRock’s Fink, Beth, ” Beth Organizations: New, New York CNN, CNN, Social Security, Social, Social Security Agency, Security, Lawmakers, BlackRock, CNBC, Vermont Independent, Medicare Locations: New York, Portland , Maine, United States, Central Texas, Pittsburgh

☆ A UK professor was unfairly fired over his anti-Zionist beliefs, a tribunal ruled
▼ + stars: | 2024-02-06 | by ( Thibault Spirlet | Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Read previewA professor fired for his anti-Zionist beliefs was unfairly dismissed, an employment tribunal ruled on Monday. Miller claimed that the university unfairly and discriminatorily mistreated him during the course of the procedures, which ultimately resulted in his dismissal. The employment tribunal said in its 108-page ruling on Monday that Miller had been wrongfully fired and had been subjected to prejudice because of his philosophical beliefs in violation of the UK's Equality Act 2010. The Union of Jewish Students, which represents Jewish societies at UK universities, said in a statement that it is "disappointed" by the judgment which it said would "ultimately make Jewish students less safe." AdvertisementThe UJS added: "This may set a dangerous precedent about what can be lawfully said on campus about Jewish students and the societies at the center of their social life."

Persons: —, David Miller, Miller, discriminatorily, Elizabeth Magill, Claudine Gay Organizations: Service, UK's University of Bristol, Business, University of Bristol, Harvard, Yale, University of Pennsylvania, Penn, Jewish Students, Security Trust Locations: Israel, Palestine, Britain, British

☆ Opinion | Nikki Haley’s Views on Social Security
▼ + stars: | 2023-12-04 | by ( ) www.nytimes.com time to read: +1 min

The problem of an impending shortfall of the Social Security Trust Fund is in significant part a consequence of our rising economic inequality. High-income people pay a smaller share of their income into Social Security because salary over $160,200 — the so-called “tax max” — is not subject to the Social Security tax. Also, there is no Social Security tax on income from capital (including dividends, interest, capital gains and rents), which tends to go to wealthy people. Consequently, as a larger and larger part of our national income goes to the rich, the share collected by the Social Security tax declines. The solution is not hard to envision: Raise the “tax max” and tax income from capital.

Persons: “ Haley, Paul Krugman, Krugman Organizations: Social Security, Social Security Trust Fund, Social

Last month's slayings of about 1,200 people in Israel by armed Palestinian militants represented the biggest killing of Jews since the Holocaust. ACTS OF ANTISEMITISM — AND HOW THAT'S DEFINEDAntisemitism is broadly defined as hatred of Jews. Criticism of Israel's policies and antisemitism have long been conflated by Israeli leaders such as Prime Minister Benjamin Netanyahu and by some watchdog groups. Some of Europe's Jews say they see it on the streets and the news. Many Jews, though, say the chant is inherently anti-Jewish and calls for the destruction of Israel.

Persons: Michel Dreifuss, —, Herbert Traube, Benjamin Netanyahu, Susan Neiman, “, you’ve, ”, Israel, Israel —, There's, Anna Segal, Segal, ” Segal, Peggy Hicks, “ I’ve, Hicks, ” ___ Kellman, Kirsten Grieshaber, Silvia Stellacci, Karel Janicek, Lorne Cook, Jari Tanner, Vanessa Gera, John Leicester, Sylvie Corbet Organizations: GENEVA, Einstein, —, French Interior Ministry, Community Security Trust, Israel, West Bank Locations: Geneva, Israel, Gaza, Europe, Germany, Austria, Potsdam, Britain, Russia, Berlin, Lyon, France, In Berlin, Palestine, Jordan, Jerusalem, London, Rome, Prague, Brussels, Helsinki, Warsaw, Poland, Paris

☆ Fact Check: Misleading antisemitic claims made about BBC University Challenge team
▼ + stars: | 2023-11-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

An episode of Britain’s BBC game show University Challenge has been falsely suggested online to show contestants, as well as the broadcaster itself, reacting with an antisemitic trope to the 2023 Israel-Hamas war. In an episode aired in August, the team used a dinosaur mascot. “It seems to be quite straightforwardly a case of an octopus just being an octopus.”The mascot on University Challenge did not have a globe within its tentacles. The singled-out individual was not wearing the colours of the Palestinian flag, nor did the team’s octopus mascot belong to her. The octopus was one of several stuffed toy mascots the team used, according to the BBC.

Persons: ”, Church, Dave Rich, ” David Feldman, David, Read Organizations: BBC, Twitter, Facebook, University of Oxford’s Christ Church, Christ Church, Reuters, University Challenge, Community Security Trust, Birkbeck Institute, Thomson Locations: Israel

"A fiscal commission is direly needed," Republican Senator Mike Braun, a Budget Committee member, said in an interview. It circulated ideas from a dozen experts on how a commission could offer up solutions for taming deficits and debt. Other recommendations included subjecting high-income earners to more Social Security taxes and gradually raising the age for full retirement benefits to 69 from the current 67. A commission, said independent Senator Bernie Sanders, who caucuses with Democrats, would simply be "a backdoor way to get into cutting Social Security." Sanders embraced lifting the cap on taxable income to extend the life of the Social Security trust fund.

Persons: Kevin Wurm, Mike Braun, Braun, Moody's, Fitch, Michael Peterson, Peter G, Mark Zandi, Dana Peterson, Lori Esposito Murray, Joe Manchin, Mitt Romney, Bernie Sanders, Sanders, Richard Cowan, Moira Warburton, Grant McCool Organizations: U.S, Capitol, REUTERS, Rights, Congress, Treasury Department, Republican, AAA, Peterson Foundation, Conference Board, Democratic, Representatives, Social Security, Social, Thomson Locations: Washington , U.S

☆ London pro-Palestinian march to proceed, Sunak asks police for safety assurances
▼ + stars: | 2023-11-08 | by ( Michael Holden | ) www.reuters.com time to read: +2 min

"(Rowley) has said that he can ensure that we safeguard remembrance for the country this weekend as well as keep the public safe," Sunak said. The Palestinian Solidarity Campaign, which is organising Saturday's march, has said it would avoid the Cenotaph, London's main war memorial. Since Oct. 7, London police have made 188 arrests for hate crimes, including 98 for suspected antisemitic offences, 21 for Islamophobic offences and 12 for "faith hate crimes". "We continue to see a very concerning rise in both antisemitic and Islamophobic hate crime," Commander Paul Trevers said. Most of the antisemitic offences were reported in London's Hackney area, home to a large Jewish community.

Persons: Rishi Sunak, Mark Rowley, JUSTIN TALLIS, Sunak, Rowley, Paul Trevers, Britain's, Michael Holden, Rod Nickel Organizations: Britain's, Metropolitan Police, British, Palestinian Solidarity Campaign, London, Community Security Trust, Thomson Locations: Kilburn, London, Britain, Israel, England, London's Hackney

☆ How the surge in antisemitism is affecting countries around the world
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +5 min

Smoke rises following an Israeli strike inside the Gaza Strip, as seen from Israel, October 31. BRAZILJewish leaders have noticed a rise in antisemitic discourse online, and incidents such as graffiti defacing a synagogue in Rio de Janeiro. BRITAINLondon's police force said there had been a 14-fold increase in incidents of antisemitism since the Oct. 7 attack. GERMANYA survey by a civil society observatory, the RIAS, found a 240% year-on-year increase in antisemitic incidents in the period of Oct. 7-15. CHINANo figures are available on antisemitic incidents.

Persons: Evelyn Hockstein, Karen Bass, Justin Trudeau, Ricardo Berkiensztat, Hitler, Gerald Darmanin, Darmanin, Eddo, David Saks, we'll, Rabbi Alexander Boroda, Andrew MacAskill, Layli Foroudi, Julia Harte, Chen Lin, Eliana, Maytaal Angel, Andrew Osborn, Carien du Plessis, Steven Grattan, Wa Lone, Thomas Escritt, Stephanie Van Den Berg, Estelle Shirbon Organizations: REUTERS, Reuters, UNITED STATES, Defamation League, White, CANADA, Argentine, Local, BRAZIL Jewish, Jewish Federation of, State of, Community Security Trust, FRANCE Interior, Hamas, SOUTH, South African Jewish Board, Deputies, Russia's Federation of Jewish, Thomson Locations: Gaza, Israel, Los Angeles, Canada, Toronto, ARGENTINA, Buenos Aires, Argentine, BRAZIL, Rio de Janeiro, State, State of Sao Paulo, BRITAIN, Britain, FRANCE, GERMANY, NETHERLANDS, SOUTH AFRICA, RUSSIA, Dagestan, Tel Aviv, CHINA, Beijing, Nazi, Wa

☆ Antisemitic and Islamophobic offences soar in London after Israel attacks
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

Mayor of London Sadiq Khan speaks at the London Tech Week in London, Britain, June 12, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - London police said on Friday they had recorded a 1,353% increase in antisemitic offences this month compared to the same period last year, while Islamophobic offences were up 140% in the wake of the attack by Hamas on Israel. Police in the British capital ramped up patrols amid growing tensions, but said there had been 218 antisemitic offences between Oct. 1 and 18, compared to 15 in the same period in 2022. Islamophobic offences were up to 101, from 42. Officers have made 21 arrests for hate crime offences, including a man detained for defacing posters of missing Israelis and another over Islamophobic graffiti on bus stops.

Persons: London Sadiq Khan, Toby Melville, Rishi Sunak, sickening, Regrettably, Sadiq Khan, Michael Holden, Jonathan Oatis Organizations: London Tech, REUTERS, London, Police, Community Security Trust, Thomson Locations: London, Britain, Israel, Gaza

☆ Fact Check: Video of convoy with Palestinian flags is from 2021, not 2023 protests
▼ + stars: | 2023-10-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A 2021 video showing a convoy of cars in London flying a Palestinian flag and broadcasting antisemitic messages from a megaphone has been misrepresented as footage from October 2023 amidst the war between Israel and the Palestinian group Hamas. “NEW: Palestine supporters parade through the streets of London, flying Palestinian flags while calling on people to r*pe Jewish women”, reads the caption of a Facebook post sharing the video as if recent. British media and Reuters reported on the incident in the video in May 2021. The claims were shared after Jewish charity organization Community Security Trust reported that antisemitic incidents in Britain had tripled since the outbreak of the 2023 Israel-Hamas war. A video showing people shouting anti-Semitic abuse from a convoy of vehicles in London, is from May 2021 not October 2023.

Persons: “, ”, Read Organizations: Palestinian, Hamas, Reuters, Metropolitan Police, Crown, Service, Jewish, Community Security Trust, Thomson Locations: London, Israel, Palestine, Britain

NEW YORK (AP) — Tens of millions of older Americans will see a modest increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments. Here's what to keep in mind:Political Cartoons View All 1209 ImagesHOW DOES SOCIAL SECURITY WORK? The Social Security program pays roughly $1.4 trillion in benefits to more than 71 million people each year, including low-income individuals with disabilities. The short answer is that taxes fund Social Security. While the money is used to pay people currently receiving benefits, any unused money goes to the Social Security trust fund.

Persons: Kathleen Romig, ”, Mark Hamrick, Hamrick, Charles Schwab Organizations: Social, Bureau of Labor Statistics Consumer, Social Security, Budget, Bureau of Labor Statistics ’, “, Boomers, Associated Press, Charles, Charles Schwab Foundation, Inc, AP

But she isn’t certain that it will be enough, even with her Social Security benefits. Charles Blahous, a former Social Security trustee, said the annual COLA announcement is a reminder about the program's stressed finances. Mary Johnson, Social Security and Medicare policy analyst at the Senior Citizens League, says her organization supports the Social Security Administration using whichever index is higher to best protect older people from inflation. The maximum amount of earnings subject to Social Security payroll taxes for 2023 is $160,200, up from $147,000 in 2022. There have been legislative proposals to shore up Social Security, but they have not made it past committee hearings.

Persons: Karla Abbott, she’s, Charles Blahous, Mary Johnson, Kevin McCarthy, Abbott, Alfred Mason, Mason, Jo Ann Jenkins, ” Johnson, “, ” Organizations: WASHINGTON, Social Security, Bureau of Labor Statistics, Senior Citizens League, Social Security Administration, Security, Social, AARP, Senior Citizens Locations: Sioux Falls , South Dakota, Washington, Louisiana

At least 1,055 people have died in Gaza, with some 5,184 injured, according to the Palestinian Ministry of Health. New York City's Empire State Building, illuminated in the colors of the flag of Israel on October 7. “This was the largest number of Jewish victims in an attack in one day since the Holocaust,” he said. “Not during the Yom Kippur War, not in the war of independence did we see civilians killed like this. Fighting regularly takes place between Israel and Palestinian factions in Gaza, including Hamas and Islamic Jihad.

Persons: CNN —, Israel’s, Benjamin Netanyahu, Yoav Gallant, Gary Hershorn, Kathy Hochul, Adam Gray, Emmanuel Macron, Gérald Darmanin, Laurent Nuñez, Marie, Sarah Seeberger, Israel, Benoit Tessier, ”, Olaf Scholz, “, Suella Braverman, ” Braverman, Wiktor, ” Mark Gardner, Gardner, Peter Nicholls, Rishi Sunak, Robert Jenrick, Dean Lewins, Pinchas Goldschmidt, Goldschmidt, ” Goldschmidt, Carl Court, Gazans, Nadim, CNN “, Zaghloul, OCHA, Médecins, Avril Benoît Organizations: CNN, Israel Defense Forces, Palestinian Ministry of Health, Corbis, Getty, Solidarity, Opera, White, Washington DC, FBI, Department of Homeland Security, police, Marseille, Jewish, of France, Reuters, Authorities, London’s Metropolitan Police, “, Community Security Trust, Police, Publishing, Security, Hamas, ISIS, ”, Downing, Jewish Leadership Council, Saturday, Sydney Opera House, Israel, West Bank, Palestine Solidarity Campaign, Conference, Embassy, Islamic, ’, United Nations Office, of Humanitarian Affairs, MSF Locations: Israel, Gaza, . New York, Paris, Washington, United States, New York, New York City, France, French, Lyon, Paris Monday, United Kingdom, Germany, Berlin, London, London’s, Britain, Israel's, Palestine, Moscow, Ukraine, Jerusalem, Europe, Egypt

CNN —The UK, France, and Germany have all pledged to step up security measures amid fears of attacks against members of the Jewish community after videos emerged of people apparently celebrating deadly attacks launched by Hamas militants. The surprise attacks saw gunmen cross the border from Gaza into Israel under the cover of rocket fire, seizing hostages and leaving more than 600 people dead. Israel is still fighting the militants and has been pounding targets in Gaza in response. Social media footage shows people waving Palestinian flags in the streets of Berlin and London following the violence. “We remain on duty tonight with increased forces to protect Jewish and Israeli institutions and prevent anti-Israel crimes in the city area.

Persons: Fabian Sommer, Suella Braverman, ” Braverman, Chancellor Olaf Scholz, “, Élisabeth Borne, Borne Organizations: CNN, Hamas, London’s Metropolitan Police, Twitter, ” Police, Getty, Community Security Trust, BFMTV Locations: France, Germany, Gaza, Israel, Berlin, London, Ryckestrasse, Britain, ”, French

☆ With Social Security trust funds 'rapidly heading to zero,' some ask whether the money should be invested in equities
▼ + stars: | 2023-10-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

The trust funds that Social Security relies on to pay benefits are "rapidly heading to zero," according to the Center for Retirement Research at Boston College. Those funds, which are typically invested in Treasury securities, are projected to run out in 2034, at which point just 80% of benefits may be payable. As that date draws closer, that has prompted more discussion as to whether that money should also be invested in stocks. "Theoretically, yes," said Anqi Chen, senior research economist and assistant director of savings research at the Center for Retirement Research, which recently published research addressing the question. More from Personal Finance:Here's what happens to Social Security benefits after you dieAs student loan bills resume, how economy may be shakenHow Congress may fix looming Social Security benefit shortfallBut the real-world answer is not necessarily clear-cut, Chen and other experts say.

Persons: Anqi Chen, Chen, Peter G Organizations: Social, Center for Retirement Research, Boston College, Finance, Social Security, Security, Peterson Foundation Locations: New York

☆ Claiming Social Security retirement benefits is a high-stakes decision. Don't let these 5 myths get in your way
▼ + stars: | 2023-08-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Moyo Studio | E+ | Getty ImagesSocial Security benefits provide retirement income for millions of Americans. Myth 1: Claiming early is bestNegative headlines may scare people into claiming as early as possible to get the most benefits. Eligibility for Social Security retirement benefits starts at age 62. Myth 4: Social Security benefits are not taxedThanasis | Moment | Getty ImagesThe misperception that Social Security benefits aren't taxed is "perhaps the biggest myth of all," said Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League. That includes the sum of your adjusted gross income, nontaxable interest and half of your Social Security benefits.

Persons: that's, Joe Elsasser, Elsasser, Laurence Kotlikoff, Bruce Tannahill, there's, Kotlikoff, Tannahill, Mary Johnson, Anna Frank Organizations: Social Security, Social, Security, Boston University, Senior Citizens League . Social Security

Search resuls for: "Security Trust"

25 mentions found