PPT-Social Security Benefits, Finances, and Policy Options

A Primer National Academy of Social Insurance wwwnasiorg August 2019 What is Social Security How Many People Receive Social Security More than 66 million people receive Social Security each month in one of three categories. Security. www.socialsecurity.gov. Who Gets Benefits from Social Security?. 58 . million people. Social Security Trust Funds Will . B. e . A. ble to . Pay Only . About 77 . Cents for Each Dollar . of Scheduled Benefits after 2033. Peter Diamond. 19. th. Annual Meeting of the Retirement Research Consortium. August 3, 2017. OASDI Income, Cost, and Expenditures as Percentages of Taxable Payroll. [Under Intermediate Assumptions]. 37.9 million . Retired Workers. 2.9 million Dependents. 8.9 . million Disabled Workers, . 2.1 million . Dependents. 4.3 million. Widows/ Widowers. 1.9 million. Dependent Children . of . Workers. A Foundation for Planning Your Future. Social Security is the foundation for a . secure retirement, but . you will also need . other savings and investments. If you want to . learn more about how and why to save, . visit . www.mymoney.gov. Erzo F. P. Luttmer. Andrew A. Samwick. Dartmouth College and NBER. March 2017. Motivating Question. Future government policy is subject to uncertainty. How costly is this uncertainty?. When does policy uncertainty matter most?. 37.9 million . Retired Workers. 2.9 million Dependents. 8.9 . million Disabled Workers, . 2.1 million . Dependents. 4.3 million. Widows/ Widowers. 1.9 million. Dependent Children . of . Workers. A Foundation for Planning Your Future. Prudential Annuities, its distributors and representatives do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant. . [When presenting in AR, CA, IL, OK or TX use the phrase, “Insurance Sales Presentation”]. Today’s. Beneficiaries. Today’s Workers. & . Employers. Who Pays for Social Security?. The Number of Workers . per Beneficiary is Decreasing. . 5 – 1960. 3 – . 2015. 2 . – . 2035. In 2010, Social Security Began Paying. Produced at U.S. taxpayer expense. We’re . With . You. From . Day One. A fun . by-product . of assigning Social Security numbers at birth is that we know the most popular baby names, which we announce each year. Understanding when and how to file for Social Security benefits. NRM-12743AO-NX. Disclosures. Information provided by retirement representatives for educational purposes only and is not intended as investment advice. Investing involves risk, including loss of principal.. ftx00002-r7-130-r1--/02--/021-0-82-3/2-2-1-6/021-1-130-2111-124-132-12-1-2-2-7-01-/33-012--51-130--203212-13027-130--/11101171210-130-5001-201-12--1302731711-050-21220r11/4011-130-131302705001/-12--3- Introduction to . the Social . Security Program . in . the United States. Social Security in the United States. The Social Security program in the U.S.:. Offers protection against the loss of income that usually accompanies old age or the death of a breadwinner.. Becca Maloney. Mobile Attorney. Benefits Law . Center becca@benefitslawcenter.org. (206) 686-7252 . x 108. Agenda. What we do. Overview of Social . Security Benefits. Overpayments and How to Respond. Julie Triplett. Julie works with individuals who want to work and who are trying to access appropriate Vocational Rehabilitation (VR) services. As well as those who are trying to understand their Social Security benefits and how the benefits can be effected by working. Julie has been with .