Sentences with phrase «social security fund»

Any opposition is due largely to lack of information and concern about transition costs, similar to the skepticism surrounding proposals to invest a portion of Social Security funds in the market to improve long - term pension levels.

The poll also found that the majority of retirees, 59 percent rely on Social Security funds in their post-retirement life.The survey also found a bleak outlook most New Yorkers hold for their retirement.

In this live webinar recording, Stephen Goss, Chief Actuary of the Social Security Administration and Stephanie Kelton, Chief Economist of the Senate Budget Committee, discuss social security, an aging population, and housing demand — as well as answering questions on social security funds and the state of social security.

An state social security fund, were you have to work 20 years in the same state to qualifiy, penalizes people moving to other states, etc..

Lancman claimed Crowley opposes lifting the Social Security tax cap and cited a May 24 debate during which Lancman claimed that Meng said Social Security funds were in no danger of running out soon.

My situation is: I thought maybe my «savings (inherited trust)» would be adequate; however: I think striving for Social Security funds as I age is an integral financial back up plan;

People who are disabled and can not work due to the disability, may request to receive federal social security funds in -LSB-...]

My reform plan includes no reduction in benefits for retirees or those nearing retirement; the setting aside of $ 2 trillion over the next decade to protect the fund; and the creation of a «lock box» to make sure Social Security funds are not spent on anything else.

An analysis found that even a big increase to a full retirement age of 70 would only take care of 25 % of the Social Security funding gap, while a 1 % tax increase would make up for 52 % of the problem and eliminating the taxable wage cap would pay for 74 %.

However, several government studies and reports indicate that Social Security funds may run out by 2035.

Last year President Bush said that social security is purely fictitious, that there is no social security fund, and for once he was telling the truth to people.

The $ 31.33 billion drawdown over the past year is a drop in the bucket relative to China's $ 1.2 trillion holding, the third - largest after the Fed and the Social Security Fund.

When you pay into the Social Security fund, you aren't depositing your money into a governmental savings account.

The idea that we can't pay back the money we took from the social security fund during the period of more payees to beneficiary's ratio and so now the rest of the middle class who have no golden parachutes should get a voucher to buy into a private system with up to 30 % more overhead costs is, in a word, insane.

And if the Social Security fund decides its a good time to sell its derivatives it may have trouble to sell them all for the opposite reason - there just may not be enough people buying (this is what lead to the Lehman collapse in 2008).

First, the formal basic information on how Social Security works: Informally, it's very simple from the view of an individual: A portion of your income is mandatorily taxes (FICA tax), with the proceeds used to fund the Social Security fund.

You want government to act as an asset manager with high risk profile with Social Security fund?

How would you feel if after 50 years of contributions the Social Security fund lost half its value because of a bad trade?

Second, derivative markers are much more risky than the current fiscal profile of the Social Security fund.

The issue regarding the Social Security fund is likely to stick around for a long time.

Numerous articles and studies including internal government audits confirm that the Social Security fund will be broke by 2036 and sooner if they continue to extend the payroll pay tax cuts that fund Social Security.

In an effort to conserve the social security fund, the Social Security administration penalizes individuals who enroll at age 62.

Littell references the bill introduced by Texas congressman Johnson that solves the Social Security funding problem entirely by making reductions in benefits.

Listen to Charles Sizemore discuss the Social Security funding crisis, bonds vs. dividend stock investing and more with Dean Barber and Bud Kasper on Planning for Prosperity radio.

An analysis found that even a big increase to a full retirement age of 70 would only take care of 25 % of the Social Security funding gap, while a 1 % tax increase would make up for 52 % of the problem and eliminating the taxable wage cap would pay for 74 %.

Problem is, the more investing risk you take, the greater the chance that your Social Security fund may suffer a big setback.

You still have to pay any applicable taxes on your Social Security benefit payments, and if you fail to do so, the IRS can potentially seize your Social Security funds to satisfy the tax owed.

In most cases, Social Security funds will not be enough to sustain you, and your cash savings probably won't have the opportunity to grow the way they would if you had invested that money all along.

When you pay into the Social Security fund, you aren't depositing your money into a governmental savings account.

So, if $ 3,000 in social security funds were deposited in the previous two months, then the bank balance, up to $ 3,000, is exempt from restraint.

How is social security funded?

Depending on who you trust, the Social Security fund should still be liquid for another 40 to 70 years or so, which should cover the life expectancy of most boomers.

Over 173,000 Social Security recipients had their checks garnished because of student loan defaults in 2015 alone, and since 2001, over $ 1 billion in Social Security funds has been taken from borrowers for whom Social Security is often their only source of income.

I actually just read an article from the WallStreet Journal that the Social Security fund is dried out.

The Social Security fund holds nearly 30 percent of the outstanding securities.

Employees want to know whether they receive their wages, social security funds are interested in getting paid all outstanding contributions; all creditors of the company would like to receive clarity about the dividend they are entitled to and other interested persons may want to know who the creditors of the company are.

T he Social Security Administration is a federal agency that manages the social security fund.

They also keep records and ensure that Social Security funds are used to care for the recipient.

For a cover of Rs 30,000, a premium of Rs 200 will be charged initially out of which 50 % is funded by the Social Security Fund.

The accompanying life insurance cover is offered by Life Insurance Corporation of India through the Social Security Fund with an initial corpus of Rs 100 crore.