The Social Security Trustees published their annual update of the health of the Social Security Trust Funds on Friday, and the news was somewhat better than initially projected. Improvements in the Trustees' projection methods offset worsening economic data and plan assumptions, keeping the Trust Funds' projected emptying date as 2033.
As a result, you still have around 20 years to prepare yourself for the day the Trust Funds run out of cash, cutting benefits by an average of 25%. You still have enough time to invest to make up the gap, and indeed, if you're already planning for a comfortable retirement, it's one that's easily covered.
Keep on keeping on
Indeed, while my Foolish colleague Dan Caplinger notes the futility of the projections given the reality of politics, for you as an individual, with proper retirement planning, you may not even notice it's gone. After all, even without Social Security's pending benefit cuts, the program isn't exactly designed to let you retire comfortably just based on collecting from it. Per the Social Security Administration itself:
Top 10 Dow Dividend Stocks To Invest In 2014: Vicor Corporation(VICR)
Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems. The company?s Brick Business Unit segment offers modular power converters and configurable products. Vicor?s VI Chip segment designs, develops, manufactures, and markets the company?s factorized power architecture products. Its Picor segment manufactures and markets power management integrated circuits and related products for use in various power system applications. The company sells its products in North America and South America through a network of independent sales representative organizations; and in other areas through independent distributors. Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts.
Top 10 Dow Dividend Stocks To Invest In 2014: Princeton National Bancorp Inc.(PNBC)
Princeton National Bancorp, Inc. operates as the holding company for Citizens First National Bank, which provides commercial banking and trust services to individuals, businesses, and governmental bodies in Illinois. The company provides consumer services, such as demand, savings, and time deposit accounts; home mortgage loans; installment loans; and brokerage services. It also offers secured and unsecured commercial loans, including real estate loans to companies and individuals for business purposes, and to governmental units; and agricultural and agricultural real estate loans secured by crops, machinery, and real estate to finance capital improvements and farm operations, as well as acquisitions of livestock and machinery. In addition, the company offers ATM and debit cards, and Internet banking services. Further, it provides insurance and farm management services; and equity, bond, and mutual fund portfolio management services. As of December 31, 2010, it managed or a dministrated 907 trust accounts. The company operates through 21 offices in 17 in Aurora, DePue, Genoa, Hampshire, Henry, Huntley, Millbrook, Minooka, Newark, Oglesby, Peru, Plainfield, Plano, Princeton, Sandwich, Somonauk, and Spring Valley; and 25 automated teller machines. Princeton National Bancorp, Inc. was founded in 1865 and is headquartered in Princeton, Illinois.
Top Retail Companies For 2014: Coastal Constacts Inc (COA.TO)
Coastal Contacts Inc. operates as an online direct-to-consumer retailer of contact lenses, glasses, sunglasses, contact lens solutions, and vision care accessories in North America, Europe, and the Asia Pacific region. The company sells its products through proprietary Websites, including Coastal.com, ClearlyContacts.ca, ClearlyContacts.com.au, ClearlyContacts.co.nz, LensWay.se, LensWay.fi, LensWay.nl, LensWay.no, LensWay.co.uk, ContactSan.com, and LensWay.com.br, as well as through telephone and e-mail The company was founded in 2000 and is headquartered in Vancouver, Canada.
Top 10 Dow Dividend Stocks To Invest In 2014: Eaton Vance Corporation (EV)
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts. As of October 31, 2004, the company provided investment advisory or administration services to approximately 150 funds; approximately 1,300 separately managed individual and institutional accounts; and participated in approximately 40 retail-managed account broker/dealer programs. It markets and distributes shares of funds through a retail network of national and regional broker/dealers, banks, insurance companies, and financial planning firms. Eaton Vance Corp. was founded in 1944 and is headquartered in Boston, Massachusetts.
Top 10 Dow Dividend Stocks To Invest In 2014: BlackRock Kelso Capital Corporation(BKCC)
BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. The firm invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million. The firm invests in the form of senior and junior secured, unsecured, and subordinated debt securities and loans including cash flow, asset backed, and junior lien facilities and equity securities. It's equity investments can be structured in the form of warrants, preferred stock, common equity co-investments, and direct investments in common stock. The firm debt investments are principally structured to provide for current cash interest and to a lesser extent non-cash interest, particularly with subordinated debt investments, through a pay-in-kind (PIK) feature. It can also make non-control investments. Blackrock Kelso Capital Corporation was founded in 2 005 and is based in New York, New York with an additional office in Chicago, Illinois.
Top 10 Dow Dividend Stocks To Invest In 2014: Sage Grp(SGE.L)
The Sage Group plc, together with its subsidiaries, engages in the development, distribution, and support of business management software and related products and services for small and medium-sized enterprises worldwide. The company provides products and services in the areas of accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business, and enterprise resource planning, as well as offers solutions for various industries. The Sage Group plc was founded in 1981 and is based in Newcastle Upon Tyne, the United Kingdom.
Top 10 Dow Dividend Stocks To Invest In 2014: Pollard Banknote Limited (PBL.TO)
Pollard Banknote Limited, together with its subsidiaries, provides products and services to the lottery and charitable gaming industries in the United States, Canada, and internationally. It produces a line of instant-win scratch tickets; provides lottery management services, including warehousing and inventory control, telephone selling, retail support, advertising and marketing, Internet support, and distribution; and offers licensed products and instant ticket vending machines. The company also manufactures and sells charitable gaming products, such as pull-tab tickets, bingo paper, pull-tab vending machines, and ancillary products comprising pull-tab counting machines. In addition, it markets products, such as promotional scratch and win tickets, transit tickets, and parking passes to the commercial gaming and security sector. Further, the company leases pull-tab vending machines. Pollard Banknote Limited sells its lottery products and services directly to lotteries un der the Pollard Banknote name; and charitable gaming products under the American Games name through independent distributors, direct sales force, and mail order catalogue. The company was founded in 1907 and is headquartered in Winnipeg, Canada.
Top 10 Dow Dividend Stocks To Invest In 2014: Aussie Q Resources Ltd(AQR.AX)
Aussie Q Resources Limited engages in the exploration for base metals in Queensland, Australia. The company primarily explores for copper and molybdenum, as well as for gold and zinc deposits. It holds interest in 10 copper/molybdenum exploration permits for minerals located in the Rawbelle district of Monto in south eastern Queensland. The company?s principal project at Rawbelle district includes the Whitewash/Gordons project. Aussie Q Resources Limited was incorporated in 2006 and is headquartered in Bundall, Australia.
Top 10 Dow Dividend Stocks To Invest In 2014: A. Schulman Inc.(SHLM)
A. Schulman, Inc. supplies plastic compounds and resins for packaging, consumer products, industrial, and automotive applications. The company offers additive compounds, custom color concentrates for film and molding, carbon black color concentrates, white color concentrates, additive compounds for polyester resins and special pearl effects, antistatic concentrates, and masterbatch for the production of synthetic paper. Its products also include engineered plastics, such as thermoplastic elastomers and vulcanizates, filled and unfilled nylon and PBT compounds, nylon/ABS alloys, formulated ionomer compounds, thermoplastic ionomer resins, flame-retardant thermoplastic compounds and concentrates, polypropylene, polyethylene, EVA compounds, thermoplastic olefins, flexible thermoplastic PVC compounds, high-quality PVC compounds, PVC-based thermoplastic elastomers, and low-gloss PVC thermoplastic elastomers for industrial packaging, appliances, electrical connectors, power tools , recreational items, and lawn and garden equipments. In addition, the company provides custom color and specialty compound powders, rotational molding process compounds, cross-linkable resin used in rotational molding, high heat-distortion temperature materials, and thermoplastic powders, as well as provides jet milling services used for products requiring very fine particle size, such as additives for printing ink, adhesives, waxes, and cosmetics; and cryogenic milling services for heat sensitive materials. Further, it buys, repackages, and re-sells polymers for various processing types comprising injection molding, blow molding, thermoforming, and extrusion, as well as provides tolling services. The company operates in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. A. Schulman, Inc. was founded in 1928 and is headquartered in Akron, Ohio.
Top 10 Dow Dividend Stocks To Invest In 2014: Service Corporation International(SCI)
Service Corporation International provides deathcare products and services in the United States, Canada, and Germany. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses. The company provides various professional services relating to funerals and cremations, including the use of funeral facilities and motor vehicles, and preparation and embalming services. It also sells funeral related merchandise, including caskets, burial vaults, cremation receptacles, cremation memorial products, flowers, and other ancillary products and services at funeral service locations. The company?s cemeteries provide cemetery property interment rights, including mausoleum spaces, lots, and lawn crypts; and sell cemetery related merchandise and services comprising stone and bronze memorials, markers, merchandise installations, and burial openings and closings. It also sells preneed funeral and cemetery products and services whereby a customer contractually agrees to the terms of certain products and services to be delivered and performed in the future. As of December 31, 2009, Service Corporation operated 1,254 funeral service locations and 372 cemeteries, including 208 combination locations, covering 43 states in the United States, 8 Canadian provinces, the District of Columbia, and Puerto Rico, as well as 12 funeral homes in Germany. The company was founded in 1962 and is headquartered in Houston, Texas.
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