Social Security beneficiaries would see a 20% cut to their benefits by 2034. Here’s how to calculate the difference between your vested amount and your own projected amount, according to financial advisers.
Social Security’s trust funds are expected to run out of money by 2034, at which point beneficiaries would see a 20% cut to their benefits—but should workers plan for them at all?
The answer depends partially on how close retirement is, said Nicholas Bunio, a certified financial planner. “People 10 years out should consider their full benefits provided in their statements,” he said. Workers 20 or more years away shouldn’t include Social Security in their plans at all, Bunio said—aside from Social Security’s insolvency issue, anticipated benefits would be too much of a guess.
Read: The FIRE movement is tempting, but your early retirement dreams need real money. ‘It doesn’t happen overnight.’ Other advisers suggest clients focus on what they can control, such as their savings and spendings and the accounts they use plans, traditional and Roth IRAs and health savings accounts). “In thinking about retirement 10-20 years out, I encourage clients to not spend too much time worrying about a specific dollar benefit given the various uncertainty drivers,” said Joel Mittelman, a certified financial planner and president of Mittelman Wealth Management.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Social Security & You: Social Security rules for federal government employeesI’ve commented before how surprised I am that a high percentage of emails I get come from the relatively small group of people in this country who don’t even pay into Social Security. Most of those questions come from retired…
続きを読む »
Americans are deeply opposed to cutting into Medicare or Social Security benefits, poll suggestsMost U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation’s highest earners to keep Medicare running as is.
続きを読む »
Social Security update: Direct payment worth $914 arriving in 22 daysSupplemental Security Income recipients will receive their next payment in 22 days. Individual filers will get $914, according to the Social Security Administration's schedule.
続きを読む »
Social Security update: Direct payment worth up to $4,555 goes out to millions in three daysIn three days, the first round of three Social Security retirement payments for April, worth up to $4,555, will be sent to recipients.
続きを読む »
Security camera captures stabbing attack on Phoenix light railPolice are looking for a man accused of stabbing someone several times while on the light rail in Phoenix last month.
続きを読む »
South Philadelphia carnival increases security after large crowd gatheringA South Philadelphia carnival is increasing their security after a large crowd gathered on Packer Avenue Friday night.
続きを読む »