Baby Boomers Depend on Social Security for "Comfortable" Retirement, Survey Says
TD Ameritrade to Host Free Webcast on How to Maximize Social Security Benefits
OMAHA, Neb.--(BUSINESS WIRE)-- The majority of retired Baby Boomers (65%) currently rely on Social Security benefits, and nearly one-third (32%) say they would not be able to live comfortably in retirement without them, according to an Investor Index Survey released by TD Ameritrade Holding Corporation (NYS: AMTD) .
For those entering retirement, now is the time to maximize income, and it's important to understand how to make the most of benefits. To help retirees, TD Ameritrade1 is offering a free webcast on how to make the most of Social Security benefits in retirement.
The webcast, which is free and open to the public, will take place on Monday, Sept. 23, 2013, from 6 to 7 p.m. ET. William Meyer, founder and CEO of Social Security Solutions, Inc., will discuss the following:
How Social Security works
Key rules and claiming strategies
How to successfully maximize Social Security's benefits
"For many Americans, claiming Social Security is the largest financial decision they will make in their lifetime and optimizing a strategy can help them get the most out of their benefits," said Meyer. "I look forward to sharing actionable 'rules of thumb' and approaches that are easy to implement to maximize retirement income from Social Security."
Register for the event or get more informationhere.
"Social Security is intended to supplement income in retirement, so it's critical that retirees understand how to make the most of it," said Lule Demmissie, managing director of retirement for TD Ameritrade. "Deciding when to draw Social Security is important. While the benefits may begin as early as age 62, it's important to consider the long-term implications of timing before drawing benefits. Every person's situation and needs are different, and this webcast will help them understand how to think of their specific situation with regards to Social Security."
William Meyer and Social Security Solutions, Inc., are separate from and not affiliated with TD Ameritrade, which is not responsible for their services, policies or content.
1TD Ameritrade, Inc. ("TD Ameritrade") is a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYS: AMTD) .
An online survey was conducted with N = 2,000 U.S. Baby Boomers between October 10 and 12, 2012, by Head Research on behalf of TD Ameritrade, Inc. Sample was drawn from major regions in proportion to the U.S. Census, including New England (5%), Mid-Atlantic (16%), South (25%), Midwest (22%), Southwest (12%), West (20%). Approximately 50% of respondents in each region were male and 50% female. All respondents were required to be: 1) Baby Boomers (i.e., born between 1946 and 1964) and 2) Shared or sole household decision-makers concerning saving for retirement. Two primary groups were defined based on financial preparedness for retirement: 1) Prepared: "Somewhat" or "very prepared" financially for retirement (n = 1,430) and 2) Unprepared: "Somewhat" or "very unprepared" financially for retirement (n = 570). The survey took each participant 16 minutes to complete, on average. The statistical margin of error for overall results in this study is +/- 2.2%. This means that, in 19 out of 20 cases, survey results for questions based on all Baby Boomers (i.e., N = 2,000) will differ by no more than 2.2% in either direction from what would have been obtained by measuring the opinions of all Baby Boomers in the USA.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade's (NYS: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how - bringing Wall Street to Main Street for more than 38 years. An official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade's newsroom or www.amtd.com for more information.
About Head Research
Head Research is a division of Head Solutions Group (U.S.) Inc., a leading market research partner for Financial
Services companies in North America. With offices in New York, Toronto, and Montreal, Head delivers the deep
customer insights that increase institutional knowledge and propel business action. TD Ameritrade is separate from and not affiliated with Head Research, and is not responsible for their data, research, or findings.
William Meyer / Social Security Solutions, Inc. and TD Ameritrade are separate and unaffiliated and are not responsible for each other's content, services, or policies. The material, views and opinions expressed in this presentation are solely those of the presenter and may not be reflective of those held by TD Ameritrade, Inc.
TD Ameritrade Holding Corporation
Christina Goethe, 201-369-8541
Communications & Public Affairs
Jeff Goeser, 402-597-8464
Investor Relations & Finance
KEYWORDS: United States North America Nebraska
The article Baby Boomers Depend on Social Security for "Comfortable" Retirement, Survey Says originally appeared on Fool.com.