Social Security is a critical program for millions of Americans, yet there is so much that people don’t understand. …Without any change in current law, the Old-Age, Survivors and Disability Insurance (OASDI) trust funds combined are projected to have enough revenue — including current reserve...
Learn about Social Security's taxes, benefits, financial status, reform options, and more. For example: • Taxable Maximum • Causes of Fiscal Problems • Old-Age Benefits • “Looting the Trust Fund” • Personal Ownership • Disability Fraud...
We handle disability cases nationwide. There are no upfront costs, and you only pay us if we're successful in getting you benefits. Talk to a Social Security Disability Attorney Because each individual’s situation is unique, it is always a good idea to talk to an attorney before appealing...
Understanding the definition of disability that the Social Security Administration uses is critical. For the purposes of qualifying for Social Security disability benefits under either SSI or SSDI, the SSA defines a qualifying disability as the "inability to engage in any substantial gainful activity by...
One of Social Security's most pressing problems is the depletion of its trust funds: the Old-Age and Survivors Insurance (OASI) fund and the Disability Insurance (DI) fund. The OASI is the fund responsible for retirement benefits, but both play an integral role in the program....
not less. We have a smaller version of that controlled experiment here in the U.S. — for example, the able-bodied workers who have obtained Social Security Disability Insurance payments and are willing to stay at home for a piddling amount of money. …the overarching principle is that peopl...
In mid-October, the Social Security Administration announced that Social Security retirement and disability benefits will jump 3.2% in 2024, bringing the average retirement benefit to an estimated $1,907 per month (see chart below). That means the average Social Security benefit will increase by ...
Here's another great chart on the historical Social Security's Maximum Taxable earnings, by yar. A Strategy To Pay Less FICA Taxes There's a problem with the FICA tax because Social Security and Medicare are so poorly run by the government. The government itself estimates thatSocial Security ...
Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits. This increase in cost results from population aging, not because we are living longer, but because birth rates dropped from thr...
However, we have final numbers from the Social Security Office of the Chief Actuary through November, and preliminary numbers from the Treasury Department for December, so it’s high time to do this. Both the Disability Insurance (DI) “Trust Fund” and the Old-Age and Survivors (OASI) “...