Thursday, March 9th, is National Slam the Scam Day. This is a day designated by the Social Security Administration to heighten awareness on scams perpetrated by fraudsters pretending to be employees of the Social Security Administration. Scammers mention a problem or a prize. They may ask for your Social Security number or other information to…
After his re-election in 2004, President George W. Bush made reforming Social Security his #1 domestic agenda. He proposed phasing out Social Security in favor of individual retirement accounts that could be invested in the stock market. Despite a strong push by lobbyists for the investment industry, the support both publicly and in Congress…
Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
The Social Security Board of Trustees issued its annual report on June 2, 2022. The combined asset reserves of the 2 trust funds (Old-Age and Survivors Insurance and Disability Insurance) are projected to become depleted in 2035, one year later than last year. Social Security could pay 80% of benefits due at that time.
Individually, the OASI fund is projected to become depleted in 2034, one year later than last year’s estimate, with 77% of benefits payable at that time.
The DI trust fund is not projected to be depleted during the 75 year projection period.