It turns out that the explanation, which advisers need to watch out for, was rather simple.
Most proposed solutions call for higher taxes on high earners.
A 55-year-old would need $17.64 saved today to generate each dollar of annual retirement income starting at age 65.
New study shows ongoing bills impede savings and boost baby boomers' retirement income needs.
Mistakes in reported earnings can reduce future benefits.
New study shows ongoing bills impede savings and boost baby boomers' retirement income needs.
Lower interest rates also affect Social Security trust fund cushion.
Family benefits account for a much smaller percentage of Social Security outlays today than they did in the past.
Divide your age by 20 to ensure you won't outlive your savings.
High-income retirees could see net benefits decline next year if Medicare premiums rise.
