Will Social Security Nonetheless Exist After I Retire?
Receiving a denial letter after months of ready to listen to the results of a Social Security Disability Insurance (SSDI) claim could be discouraging, particularly when your personal finances are becoming increasingly uncertain. Shortly thereafter, Nancy was informed by the Social Security Association that the SSA guidelines do not allow Nancy to proceed receiving two retirement checks! And there is yet one more danger many retirees will not be aware of: getting botched recommendation from the Social Safety Administration.
These individuals would ‘PRIVATIZE’ or ‘eviscerate’ the federal government’s dealing with of Social Safety, simply so they can hand it over to non-public insurance corporations. Occasionally, this diagnosis gives an alternate idea for an Administrative Legislation Judge who needs to award advantages however will not approve a declare primarily based on CFS or Fibromyalgia.
The Social Security Administration assigns Social Security numbers, and administers the Social Safety retirement, survivors, and incapacity insurance coverage packages. What I do not like is corrupt politicians taking my retirement funds and squandering it. But these same politicians have the most effective retirement plan paid for by the identical folks they had been supposed to protect SS for.
A fellow Hubber said that Social Security was not for the advantage of the poor and aged. SSD, or social safety incapacity , is completely different. With jobs nonetheless so scarce and so many people unable to find a good paying job after they can find one at all, this is actually not the time to be reducing social packages.
In an effort to cover this utterly foreseeable but completely ignored conundrum, what must be performed, stated the actuaries, was to tax more heavily those very individuals who would ultimately retire; so as a substitute of utilizing current staff’ cash to pay for the Boomer’s Social Safety payments in 2020, the Boomers themselves would prepay for their very own retirement.