Tag: replacement rates
OECD confirms U.S. Social Security benefits low and validates methodology of U.S. Social Security Actuaries. Two recent developments that I have found both annoying and dangerous are the deletion of replacement rate information from the annual Social Security Trustees Report and the coordinated campaign in the press arguing that the elderly have plenty of money…
People often ask how much they have to save for a secure retirement. The answer depends on a number of factors. Earnings level. The lower the earnings, the greater the portion provided by Social Security and the lower the individual’s required saving rate. Rate of return. The higher the rate of return on assets, t…
