Latest News
SocialSecurity.gov: Social Security Running Out Of Disability Money In 2016?
Those looking to SocialSecurity.gov for help should know that the Social Security disability trust fund is running out of money. So what is causing this to happen? In a related report by The Inquisitr, as the general Social Security trust funds began running out of money at an accelerated pace, some experts had proposed getting rid of the Social Security tax cap. This was eventually done and the 2014 tax cap rose to $117,000, which allowed benefits to rise by 1.5 percent. But some people are suggesting we get rid of the tax entirely in order to extend the life of the program by at least another 75 years (as in, kick the can so hard that it’s the unborn’s problem entirely). Read more…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.