Low-income workers can delay retirement, liquidate home equity and utilize a workplace retirement plan to improve their retirement readiness, new Vanguard data reveals.
Low-income women are most at risk financially, and nearly two-thirds said they are not confident they have the information they need to plan and save for retirement, two surveys found.
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The reserves for Social Security’s largest trust fund are expected to become depleted one year earlier than previously projected, the Board of Trustees announced Friday.
Social Security may not be able to pay full benefits in 2035 if no changes are made sooner. Now, a new tool lets you decide how to shore up the program.