How Much SS Will You Get With $50k Yearly Income

[TaxPhd]

Originally Posted by JobHunter2018

And this economy is designed to discard those people. We as a country desperately need to vote in politicians who will deliver us the Basic Income.

You and your ilk already get enough OPM. And you want more? SMDH. . .

[mathjak107]

Originally Posted by TaxPhd

You and your ilk already get enough OPM. And you want more? SMDH. . .

You know the deal .....

[TaxPhd]

Originally Posted by mathjak107

You know the deal .....

Yeah, I know. It still annoys me.

[lieqiang]

Interesting from last report:

Considered separately, the DI Trust Fund reserves become depleted in 2052 and the OASI Trust Fund reserves become depleted in 2034. In last year’s report, the projected reserve depletion year was the same for OASI and 20 years earlier (2032) for DI. The change in the reserve depletion year for DI is largely due to continuing favorable experience for DI applications and benefit awards. Disability applications have been declining steadily since 2010, and the total number of disabled-worker beneficiaries in current payment status has been falling since 2014. Relative to last year’s Trustees Report, disability incidence rates are lower in 2018. They also are assumed to rise more gradually from the current levels to reach ultimate levels at the end of 10 years that are slightly lower. Accordingly, the projected Trust Fund depletion date is 20 years later and the 75-year actuarial deficit (0.12 percent of taxable payroll) is 0.09 percentage points lower than was projected last year. The depletion date change is large relative to the actuarial balance change because in last year’s report DI income was projected to be very near to DI cost for many years after the projected 2032 depletion date, so that a relatively small improvement in the program’s projected cash flow can have a large effect on the projected depletion date.

Giving out fewer of the golden tickets moved DI depletion projection back 20 years. Fibromyalgia sufferers, unite!

[mathlete]

“OASI Trust Fund depletion date”?

You mean the “trust fund” that’s already dipping into tax revenue because it’s already been depleted and is now nothing more than a Bernie Madoff style accounting gimmick?

[lieqiang]

Originally Posted by mathlete

“OASI Trust Fund depletion date”?

You mean the “trust fund” that’s

Well, no. My post was clearly about the DI trust fund. What a bizarre way to misinterpret something, glad you weren't a readlete.