Tag: Social Security
The brief’s key findings are: The 2013 Trustees Report shows virtually no change from last year: Social Security’s deficit still about 2.7 percent of payroll. Deficit as a percent of GDP still less than 1 percent. Trust fund exhaustion still 2033, after which payroll taxes still cover about three quarters of promised benefits. While the shortfall is…
In a webinar next Thursday, an official from the Social Security Administration will explain the fundamentals of calculating and claiming benefits. Social Security represents the largest single financial resource for most baby boomers, so deciding when to file for benefits is their single biggest retirement decision. The value today of that future stream of monthly…
