DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Gen Xers - 1 someone's - 1 Mark Hamrick - 1 Trump - 1 Zers - 1 Linda K - 1 Stone - 1 Thomas Barwick - 1
Top related locs:
millennials
Top related orgs:
Security - 2 Finance - 2 actuaries - 2 Bankrate - 1 Social - 1 Security's actuaries - 1 American Academy of Actuaries - 1 Congress - 1

Search resuls for: "Security's actuaries"


3 mentions found


☆ 73% of workers worry Social Security won't be able to pay retirement benefits. Here's what advisors say
  + stars: | 2024-11-21 | by ( Lorie Konish | ) www.cnbc.com   time to read: +1 min
Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey. Nearly three-quarters, 73%, of non-retired adults and 71% retired adults say they worry they won't receive their benefits if the trust fund runs out. That includes 81% of working baby boomers and 82% of Gen Xers who are worried they may not receive their benefits at retirement age if the trust fund is depleted. Social Security relies on trust funds to supplement its monthly benefit payments that currently reach more than 72.5 million beneficiaries, including Supplemental Security Income beneficiaries. Social Security's actuaries project the fund the program relies on to pay retirement benefits will be depleted in 2033.
Persons: Gen Xers, someone's, Mark Hamrick, Trump, Zers Organizations: Security, Bankrate, Finance, Social, actuaries Locations: millennials
☆ Social Security's trust funds may run out in 2034. These changes may help
  + stars: | 2023-11-08 | by ( Lorie Konish | ) www.cnbc.com   time to read: +2 min
The clock is ticking for Congress to shore up Social Security benefits. The latest projections from Social Security's actuaries show the program's trust funds are due to run out in 2034, at which point 80% of benefits will be payable. In 1983, Social Security's trust funds were also close to depletion when a host of changes were passed by Congress. More from Personal Finance:Will Social Security be there for me when I retire? Today, it is three times as large, or 3.12% of taxable earnings, according to the American Academy of Actuaries.
Persons: Linda K, Stone Organizations: Security, Security's actuaries, American Academy of Actuaries, Congress, Finance, Will
☆ Will Social Security be there for me when I retire? Here's how the agency's chief actuary answers that common question
  + stars: | 2023-10-30 | by ( Lorie Konish | ) www.cnbc.com   time to read: +3 min
Today, Social Security has two trust funds that have a total of $2.8 trillion in reserves and function like savings accounts for the program, according to Goss. When more money is needed to pay benefits beyond what is coming in through payroll taxes, the trusts funds are available. Retirement benefits taken at age 70 are 76% higher, adjusted for inflation, than retirement benefits taken at 62, Kotlikoff's research found. "The decision to wait is really buying longevity insurance from Social Security," Kotlikoff recently told CNBC.com. With that information, the Social Security Administration provides estimates of how much in benefits you may receive if you become disabled, retire or die, thus leaving benefits to eligible survivors.
Persons: Thomas Barwick, Goss, Laurence Kotlikoff, Kotlikoff, CNBC.com Organizations: Social Security, actuaries, Republicans, Democrats, Laurence Kotlikoff Boston University, Boston University
0 next >>
Total: 3