Projected in less than 6 years
The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until the fourth quarter of 2032, one quarter earlier than projected last year. At that time, the fund’s reserves will become depleted and continuing program income will be sufficient to pay 78 percent of total scheduled benefits.
The 2026 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, presents the current and projected financial status of the trust funds. Report is on ssa.gov https://www.ssa.gov/OACT/TR/2026/trTOC.html
The question is, what is your plan to replace the potential 22% loss of your guaranteed lifetime income in retirement? For your answer, contact me for a no-obligation conversation.