Latest News
Understanding Social Security
A recent “60 Minutes” report suggested the Social Security disability program is in financial trouble and will soon run out of money to pay benefits. It is true the Disability Insurance Trust Fund is projected to be fully funded only until 2016, after which tax revenues paid into the fund would cover about 80% of scheduled benefits. In the past, Congress has on 11 occasions reallocated funds from the Old-Age & Survivors Insurance trust fund to the DITF to cover projected shortfalls. 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.