Average SSA Retirement Amount & MyRA

Social Security was never intended to provide your complete retirement income. Financial experts say you need 70-80 percent of your pre-retirement income for a comfortable retirement. Since Social Security replaces only about 40 percent of pre-retirement income for the average worker, having pensions, savings, and investments are important. To illustrate this, the average, individual, Social…
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2016 OASDI Trustees Report – Financial Operations

Today I am continuing with information from the Social Security Board of Trustees annual report on the long-term financial status of the Social Security Trust Funds. There are two separate Social Security trust funds, the Old-Age and Survivors Insurance (OASI) fund, and Disability Insurance (DI) fund. While by law these are separate, overall fund information…
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2016 OASDI Trustees Report – Highlights

The Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds on June 22. Given how important the Social Security retirement, survivors and disability programs are, both on a national and individual level, I think everyone should have at least a general awareness of the report information…
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2016 Social Security Board Of Trustees Report

The Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds last week. Lots of current and historical Trust Fund information is available through the Social Security website, www.socialsecurity.gov. From the Menu box, go to Research, Policy & Planning and then to Solvency of Social Security.…
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Popular Baby Names By State

The 2015 top ten male and female baby names nationally were posted here on May 6, with larger lists of popular names on the Social Security website. Popular baby names since 1880 are there. At the time of a child’s birth, parents supply the name to the agency when applying for a child’s Social Security…
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