Threats today against tomorrow"s social security retirees
Read Online

Threats today against tomorrow"s social security retirees hearing before the Select Committee on Aging, House of Representatives, Ninety-eighth Congress, first session, March 8, 1983. by United States. Congress. House. Select Committee on Aging.

  • 637 Want to read
  • ·
  • 68 Currently reading

Published by U.S. G.P.O. in Washington .
Written in English



  • United States,
  • United States.


  • Social security -- United States -- Finance.,
  • Social security beneficiaries -- United States.

Book details:

LC ClassificationsKF27.5 .A3 1983
The Physical Object
Paginationiii, 73 p. ;
Number of Pages73
ID Numbers
Open LibraryOL2817931M
LC Control Number83602838

Download Threats today against tomorrow"s social security retirees


  By comparison, the SSA suggests that Social Security is only intended to replace about 40% of a retirees' working wages. Social Security is in trouble, new report shows.   The Biggest Threat to Social Security Isn't Trump -- It's This Man A member of Trump's cabinet might be the greatest threat to your Social Security income. The author is the Chief Actuary of the Social Security Administration. Acknowledgments: This article is possible only as a result of the consistent efforts of the Social Security Board of Trustees and their staffs in producing a highly professional and informative report each ular appreciation is extended to Karen Glenn of the Office of the Chief Actuary for her invaluable review Author: Stephen C. Goss. Of that total, $ billion ( percent) came from payroll taxes; $ billion ( percent) came from income taxes paid on higher-income retirees' Social Security benefits; and $ billion.

  While Social Security scams have some unique features, Data Book " Page Accessed Feb. 20, Snopes. "Phishing scheme sent by e-mail targets Social Security . Social Security is based on contributions that workers make into the system. While you're employed, you pay into Social Security; you receive benefits later on, when it's your turn to retire.   9. You can work and get Social Security. But beware: The agency will withhold some of your benefit if you are younger than full retirement age and your earned wages exceed a certain , the threshold on your earnings will be $17, Make more than that, and the government will temporarily withhold $1 from your benefit for every $2 earned over the cap. Myth 4: Retirees lose benefits forever if they work. Fact: If you claim Social Security retirement benefits early while still working, some of those benefits may be withheld — depending on your income. This year, Social Security deducts $1 of benefits for every $2 earned above $15, For those reaching full retirement age in , Social Security deducts $1 for every $3 earned above $41,

  However, there's a Social Security family maximum of % to % of the worker's benefit, and if all qualifying family members exceed this limit, each person's benefit is . On top of this disparity, the Social Security Act reduces or eliminates income taxes on Social Security benefits for retirees whose household incomes range from about $50, to $,, a.   President Franklin D. Roosevelt signed the Social Security Act on Aug. 14, The law created a program that would pay monthly benefits .   But raising the normal Social Security retirement age from 67 to, say, 68 (some even propose 76!) has little to do with working longer. The policy cuts Social Security .