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Social Security’s Old Age and Survivors Insurance (OASI) Trust Fund is expected to run out of money in about a decade. When that happens, the program will have to rely solely on payroll taxes ...
The Old Age and Survivors Insurance (OASI) trust fund reserves that cover Social Security benefits -- in part, for roughly 57 million Americans -- is currently on track to be depleted by 2033,...
One of Social Security's most pressing problems is the depletion of its trust funds: the Old-Age and Survivors Insurance (OASI) fund and the Disability Insurance (DI) fund.
The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...
A bypass trust is a long-term planning device. It is typically created as part of an A/B Living trust estate plan after the death of the first spouse to die. During life, a married couple transfers ownership of property into a trust.
Another option would be for Congress to raise the Social Security payroll tax rate from its current 12.4% to 15.6% following the trust fund depletion, and then gradually increase it to 16.7% by 2095.
At the end of 2009, the Trust Fund stood at $2.5 trillion. The $2.5 trillion amount owed by the federal government to the Social Security Trust Fund is also a component of the U.S. National Debt, which stood at $15.7 trillion as of May 2012. [18] By 2017, the government had borrowed nearly $2.8 trillion against the Social Security Trust Fund.
The year 2033 may seem a long way off, but it's only 12 years into the future. And if you plan to bank on Social Security insurance funds -- otherwise known as the Old-Age and Survivors Insurance...