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The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...
When a person becomes eligible for Social Security Disability Insurance, it's often seen as a financial lifeline. But in some ...
While the two studies above indicate that waiting longer results in a higher lifetime benefit, actual data shows more people ...
Social Security Trustees report projects a depletion of the trust fund by 2033, which could result in a 23% cut in payments.
Retired workers: The average Social Security payment among these recipients was $2,005.05 per month as of June. A 23% reduction in that amount would leave them with $1,543.89 per month.
But Social Security payroll and benefit taxes aren't going anywhere. Together, they'd still be able to pay out about 77% of scheduled benefits during the 75-year period ending in 2099. That's the good ...
Differences in affordability and costs of living mean retirees can rely less on personal savings in certain parts of the ...
It's easier than ever to track down lost 401(k) retirement accounts. And here's an incentive: The average balance is $56,000.