According to the Trustees…
On July 28, 2014, the Social Security Administration’s (SSA) Board of Trustees released its annual report for the Social Security and Medicare Trust Funds. According to the report, which reads much like the 2013 version, if no action is taken, the combined Social Security Trust Funds will be solvent until 2033, at which point scheduled benefits would be paid at a level of 77%. The Disability Insurance Trust Fund itself, however, is in more immediate trouble. It is projected to remain solvent until late 2016, at which point its reserves will be depleted if Congress does not act. So what… Learn More