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Social Security Reserves and Sources of Income

Good article which outlines how Social Security invests its current $2.9 trillion in excess reserves.

Highlights :

Social Security received generated $957.5 billion in revenue in 2016

Sources of income for Social Security :

- Payroll (FICA) taxes : 87.3 percent

- Taxation of Social Security benefits : 3.4 percent

- Interest from bonds (excess reserves) : 9.2 percent

The problem is the program expects to begin paying out more in benefits than it's generating in income beginning in 2022.


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National Social Security Advisor Certification Available

If you're looking for advice on Social Security benefits, it may be useful to find someone with the "National Social Security Advisor" certification.

Although the NSSA appears to be a privately issued certificate, it seems to convey some level of knowledge about Social Security benefits. Finding a financial advisor with NSSA certification may be something worth exploring.

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Not affiliated with the US Social Security Administration