Retirement expert offers strategies for seniors' security

10/4/2011 | SmartMoney.com

Social Security is the backbone of the U.S. retirement system, says economist Alicia Munnell, head of the Center for Retirement Research at Boston College. But some benefits changes, such as delaying the retirement age, could help bring the system into balance. In this Q-and-A, Munnell explains why Social Security won't vanish for younger workers and she outlines several strategies seniors might consider to enhance their retirement income, including reverse mortgages, long-term care insurance and annuities.

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