social security – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 29 Apr 2024 21:34:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey https://www.benefitscanada.com/pensions/retirement/just-17-of-workers-aged-50-confident-they-can-maintain-a-comfortable-lifestyle-in-retirement-survey/ Tue, 03 Oct 2023 13:00:31 +0000 https://www.benefitscanada.com/?p=144406 Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]

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]]> 34% of U.S. women don’t have an employer-sponsored retirement plan: survey https://www.benefitscanada.com/pensions/retirement/34-of-u-s-women-dont-have-an-employer-sponsored-retirement-plan-survey/ Thu, 14 Sep 2023 13:00:07 +0000 https://www.benefitscanada.com/?p=143381 A third (34 per cent) of U.S. women say they don’t have access to an employer-sponsored retirement plan, while a fifth (22 per cent) say they’ve emptied their employer-sponsored retirement account to meet non-retirement expenses, according to a new survey by software company Iralogix Inc. The survey, which polled more than 200 women, found nearly […]

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]]> U.S. workers say they’ll need average of $4,940 a month income in retirement: survey https://www.benefitscanada.com/pensions/retirement/u-s-workers-say-theyll-need-average-of-4940-month-income-in-retirement-survey/ Mon, 14 Aug 2023 19:00:28 +0000 https://www.benefitscanada.com/?p=142155 U.S. workers forecast they’ll need an average $4,940 monthly income to enjoy a comfortable retirement, according to a new survey by Schroders. The survey, which polled roughly 2,000 employees, found a third (32 per cent) believe they’ll need to replace between 50 per cent and 74 per cent of their final paycheque with other sources […]

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]]> U.S. gen X workers falling short of retirement savings targets: report https://www.benefitscanada.com/pensions/retirement/u-s-gen-x-workers-falling-short-of-retirement-savings-targets-report/ Thu, 20 Jul 2023 13:00:27 +0000 https://www.benefitscanada.com/?p=141187 While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per cent) and women (64 per cent) participating in these plans say they’ve saved less than 10 per cent of their retirement savings target, according to a new report by the […]

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]]> 41% of U.S. workers believe future generations of retirees will be worse off: survey https://www.benefitscanada.com/pensions/retirement/41-of-u-s-workers-believe-future-generations-of-retirees-will-be-worse-off-survey/ Fri, 07 Jul 2023 13:00:11 +0000 https://www.benefitscanada.com/?p=140791 Two-fifths (41 per cent) of U.S. employees say future generations of retirees will be worse off than those currently in retirement, according to a new survey by the Harris Poll on behalf of the Transamerica Institute and the Transamerica Center for Retirement Studies. The survey, which polled more than 5,700 U.S. employees, found this sentiment […]

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]]> 58% of U.S. workers cite outliving assets as greatest retirement fear: survey https://www.benefitscanada.com/pensions/retirement/58-of-u-s-workers-cite-outliving-assets-as-greatest-retirement-fear-survey/ Fri, 09 Jun 2023 19:00:55 +0000 https://www.benefitscanada.com/?p=139550 More than half (58 per cent) of U.S. employees say outliving their assets is their greatest fear in retirement, according to a new survey by Cerulli Associates. While the percentage is even higher for near-retiree and retiree generations (generation X and baby boomers), longevity risk is the greatest concern across all generations. As a result, […]

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]]> More than half of U.S. women don’t feel financially secure: survey https://www.benefitscanada.com/pensions/retirement/more-than-half-of-u-s-women-dont-feel-financially-secure-survey/ Mon, 29 May 2023 13:00:35 +0000 https://www.benefitscanada.com/?p=138918 More than half of U.S. women say they aren’t financially secure, a percentage that increases to 77 per cent among low-income women, according to a survey by Public Opinion Strategies and Lake Research Partners on behalf of the National Council on Aging and the Women’s Institute for a Secure Retirement. The survey, which polled more […]

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]]> 33% of U.S. near-retirees already drawing down social security benefits: survey https://www.benefitscanada.com/pensions/retirement/33-of-u-s-near-retirees-already-drawing-down-social-security-benefits-survey/ Mon, 23 Jan 2023 14:00:57 +0000 https://www.benefitscanada.com/?p=132903 A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global Investments. The survey, which polled more than 1,500 near-retirees and more than 1,200 retirees, found one in four retirees said they retired early due to job loss or a health […]

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]]> Workplace pension plans rarely providing adequate retirement income for U.S. public employees: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/workplace-pension-plans-rarely-providing-adequate-retirement-income-for-u-s-public-employees-report/ Tue, 13 Dec 2022 14:00:01 +0000 https://www.benefitscanada.com/?p=131123 Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]

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]]> DC plan members nearing retirement need employers’ help to achieve financial security: report https://www.benefitscanada.com/news/bencan/dc-plan-members-nearing-retirement-need-employers-help-to-achieve-financial-security-report/ Wed, 07 Dec 2022 14:00:14 +0000 https://www.benefitscanada.com/?p=130811 Defined contribution pension plan members nearing retirement may need their employers’ help to achieve financial security during an era of low interest rates and increased inflation, according to a new report by the U.S.-based Defined Contribution Institutional Investment Association. It found target-date funds are the dominant investment strategy in most DC plans, used by 80 […]

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