Without action, beneficiaries could face an automatic across-the-board benefit reduction of about 22% in 2032.

Most federal employees under FERS rely on Social Security as part of retirement. The latest trustees report suggests the choices to preserve full benefits are getting tougher.

The Social Security Administration has released a report with new projections as to when the trust funds that help pay benefits may be depleted.

Quick ReadMost small businesses close at the owner's exit rather than selling, leaving Social Security as the primary ...

Annuities have a bad reputation due to their complexity, lack of transparency, and limited flexibility. However, for retirees focused on maximizing their spending in retirement, the simplest annuities ...

The academic literature is tremendously supportive of the power of longevity pooling (through the purchase of income annuities) to create better retirement outcomes for retirees. For example, Wade ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

Current volatile market conditions and increasing interest rates are causing defined-benefit plan administrators and sponsors to consider purchasing annuity contracts (often called “terminal funding ...

A variable annuity is an insurance contract that invests in market-based subaccounts and grows tax-deferred. It may offer features like lifetime income guarantees or death benefits. These features ...