http://www.socialsecurity.gov/pressoffice/pr/trustee12-pr.html The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds. The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2033, three years sooner than projected last year. The DI Trust Fund will be exhausted in 2016, two years earlier than last year’s estimate. The Trustees also project that OASDI program costs will exceed non-interest income in 2012 and will remain higher throughout the remainder of the 75-year period. The 2012 Trustees Report will be posted at www.socialsecurity.gov/OACT/TR/2012/ on Monday afternoon. I heard on the news the other day, that SSDI could run out in the year 2016, but that they would only cut 25% of SSDI.This could put some people needing Food Stamps & Medicaid.I know that I can't save 25% until 2016, but I'm thinking of saving half, 12.5%, so that I'm use to half of the cut and take the monthly deposit out each month after the cut in 2012. This could hold me until 2020. Have anyone else heard about this too? Is there a limit to how much we can have in saving, so that we are not on Food Stamps in 2016? Todd in Corpus Christi, TXTM since April 1, 2002 @ T-4 to T-8
