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Social Security

Wednesday, February 26, 2014

Social Security: Making the Most of Your Biggest Retirement Asset

Virginia P. Reno, National Academy of Social Insurance

The National Academy of Social Insurance joins more than 1,000 organizations nationwide during America Saves Week, February 24-28, with a public education initiative to help Americans boost their financial security. 

The Academy’s new toolkit, When to Take Social Security: It Pays to Wait, explains how waiting to take Social Security retirement benefits, if you can, will increase your monthly benefit by as much as 76 percent. Key messages are:

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Posted on February 26, 2014  |  3 comments  |  Add your comment
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Wednesday, November 27, 2013

A Thought for Thanksgiving: Thanks for Social Insurance

Jasmine V. Tucker, National Academy of Social Insurance

In September, the Census Bureau released the official poverty figures for 2012, which showed that 46.4 million Americans (15%) lived in poverty last year. Three vitally important social insurance programs, Social Security, unemployment insurance (UI), and workers' compensation, and a related program, Supplemental Security Income (SSI), kept the poverty rate from being much higher. Last year, these four programs worked together to keep nearly 26 million Americans above the federal poverty level, which was roughly $12,000 for a non-elderly adult living alone and $23,300 for two non-elderly adults and two children.

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Thursday, March 28, 2013

Social Security: The Choice is Ours

Christina Trusty

After leaving the NASI’s 25thannual conference, Medicare and Social Security in a Time of Budget Austerity, I came home to many who were eager to hear of my experience – and I had a lot to share. My family members are not exactly thrilled about my newfound interest in their retirement accounts, Social Security beneficiary status, and their knowledge of the Medicare program’s structure. Despite the whirlwind that was my return home, I noticed one constant in my conversations with peers about my newly acquired knowledge of Social Security.

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Posted on March 28, 2013  |  Write the first comment
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Thursday, March 28, 2013

Delaying Retirement: Should Average Life Expectancy Determine Retirement Age?

Tatsuko Go Hollo

These days many Americans, whether political or not, are tuned into discussions about social insurance programs. Retirees and younger generations, alike, are questioning whether Social Security benefits will be ample enough to carry them through their retirement years. Despite solvency for the next two decades, a number of options are being explored to ensure Social Security benefits are available for generations to come. Potential solutions range from those that cut benefits for the long-term to those that increase federal revenues to maintain or boost retiree benefits. A consideration that regularly discussed is the full retirement age and how it relates to the average life expectancy of Americans.

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Thursday, March 28, 2013

Educating Americans on How to Save for Retirement

James Chan

Before attending the National Academy of Social Insurance's 25th annual policy conference, Medicare and Social Security in a Time of Budget Austerity, I had very little knowledge of the details of the Social Security system. Throughout the conference, I couldn't help but think that the U.S. education system failed me by not preparing me for how to save for retirement.

Two presentations struck me at in particular:

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