TrusteesReport2016

2016 OASDI Trustees Report – Financial Operations

Today I am continuing with information from the Social Security Board of Trustees annual report on the long-term financial status of the Social Security Trust Funds. There are two separate Social Security trust funds, the Old-Age and Survivors Insurance (OASI) fund, and Disability Insurance (DI) fund. While by law these are separate, overall fund information…
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TrusteesReport2016

2016 OASDI Trustees Report – Highlights

The Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds on June 22. Given how important the Social Security retirement, survivors and disability programs are, both on a national and individual level, I think everyone should have at least a general awareness of the report information…
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Cash%20register

2016 Social Security Board Of Trustees Report

The Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds last week. Lots of current and historical Trust Fund information is available through the Social Security website, www.socialsecurity.gov. From the Menu box, go to Research, Policy & Planning and then to Solvency of Social Security.…
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Money2

More About Income Tax And Social Security

Information about Social Security benefits and federal income tax was posted earlier this week. Related to this, when did Social Security benefits become potentially taxable? Where does this tax money go? Portions of Social Security became taxable for federal income tax purposes in 1984 as part of the Social Security Amendments of 1983, signed into…
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Social Security Taxable Earnings Base And Tax Rates For 2016

Social Security payroll taxes are paid each year up to a maximum amount set by law when you have wages or self-employment income that is covered by Social Security. This continues even when a person receives monthly Social Security benefits. New earnings are automatically reviewed each year to see if they increase benefits. The best…
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