Social Security: Five Facts You Need to Know
社会保障可能很复杂, 结果就是, many individuals don't have a full understanding of the choices they may have. Here are five facts about Social Security that are important to keep in mind.
1. Social Security Is a Critical Source of 退休 Income
Some have the perception that Social Security is of secondary or even tertiary importance in retirement. But according to a recent report by the Employee Benefits Research Institute, Social Security represents a major source of income for 67% of retirees.1
Keep in mind that Social Security makes annual cost-of-living adjustments (COLAs) based on the Consumer Price Index, 根据现行法律, pays income for life and the life of your spouse.2
2. You Can Choose When You Take Social Security
You have considerable flexibility regarding when you can begin receiving your benefits. You may begin receiving benefits as early as age 62; however, your benefits will be reduced at a rate of about one-half of 1% for each month you begin taking Social Security before your full retirement age.3
The full retirement age is 67 if you were born in 1960 or later. 如果你出生在1960年之前, your retirement age will be reduced depending on the year in which you were born.
You may choose to delay receiving benefits until after reaching your full retirement age; in which case, your benefits are scheduled to increase by 8% annually. This increase under current law will be automatically added each month from the moment you reach full retirement age until you start taking benefits or reach age 70 – the age at which these delayed retirement credits stop accruing. +, your benefit also will increase by any cost-of-living adjustments applied to benefit payment levels during that time.4
If you intend to continue working, you may still receive the full benefit for which you are eligible. Indeed, working beyond full retirement age can increase your benefits. However, your benefits will be reduced if your earnings exceed certain limits. If you work and start receiving benefits before full retirement age, your benefits will be reduced by $1 for every $2 in earnings above the prevailing annual limit ($22,320 in 2024).5
If you continue to work during the year in which you attain full retirement age, your benefits will be reduced by $1 for every $3 in earnings over a different annual limit ($59,520 in 2024) until the month you reach full retirement age.5
一旦你达到完全退休年龄, 你可以继续工作, and your benefits under current law will not be reduced regardless of how much you earn.5
As you can see, the decision of when to begin taking Social Security is a critical one.
3. 社会保障可能要纳税
Depending on your income level, your Social Security benefit may be subject to taxation. The chart below illustrates how your combined income (adjusted gross income + your nontaxable interest + one-half of your Social Security benefit) can impact whether your Social Security retirement benefit is subject to taxation.6
Will Your Social Security Benefits Be Subject to Federal Income 税es?
| 福利的50% 须课税 | 85%的福利 须课税 |
个人档案 | 的综合收入 $25,000 to $34,000 | 结合收入 超过34,000美元 |
共同申请人 | 的综合收入 $32,000 to $44,000 | 结合收入 超过44,000美元 |
This potential income tax exposure may have substantial implications for whether you choose to work during retirement, 你的资产是如何投资的, and the timing of withdrawals from other retirement accounts.7,8
例如, a withdrawal from a traditional IRA may lift your income beyond the thresholds described above, subjecting a higher proportion of your Social Security to income tax.7,8
The same is true of investment earnings in non-retirement savings. Retirees who have investment earnings in excess of their current spending needs may be subjecting their Social Security income to taxation. Shifting a portion of those assets to a tax-deferred instrument may be one way to manage taxation on your Social Security benefit.9
4. 社会保障可以是一种家庭福利
When you start receiving Social Security, other family members may also be eligible for payments. A spouse (even if they did not have earned income) qualifies for benefits if they are age 62 or older – or at any age if they are caring for your child. (The child must be younger than 16 or disabled.)
Benefits may also be paid to your unmarried children if they are younger than 18, between 18 and 19 and enrolled in a secondary school as a full-time student, 18岁及以上严重残疾人士.
Each family member may be eligible for a monthly benefit that is up to half of your retirement (or disability) benefit amount. 家庭是有限制的, 而不同, but is generally between 150% to 180% of your retirement (or disability) benefit.10
Should you die, your family may be eligible for benefits based on your work record.10
Family members who qualify for benefits include:
- 寡妇寡妇或鳏夫
- 60岁或以上;
- age 50 and older if disabled; or
- any age if they are caring for your child who is younger than 16 or disabled and entitled to Social Security benefits on your record.
- Unmarried children can receive benefits if they are:
- 18岁以下;
- between 18 and 19 and are full-time students in a secondary school; or
- age 18 or older and severely disabled (the disability must have started before age 22).
Your survivors receive a percentage of your basic Social Security benefit – usually in the range of 75% to 100% for each member. However, the limit paid to each family is about 150% to 180% of your benefit rate.10
5. A Divorced Spouse May Be Eligible for Benefits
如果你离婚了, you may qualify for Social Security benefits based on your ex-spouse's work record. 才有资格领取福利, your ex-spouse must have reached the age at which they are eligible to begin receiving benefits (although they do not necessarily need to be receiving them).10
要符合资格，您需要:
- have been married to your ex-spouse for at least 10 years;
- have been divorced for two years or longer;
- 年满62岁;
- be unmarried; and
- not be entitled to a higher Social Security benefit based on your own work history.
如果你的前配偶已经去世, you may still receive benefits as a surviving divorced spouse (irrespective of the age they died), assuming that your ex-spouse was entitled to Social Security benefits, 你们的婚姻至少有十年了, 你至少60岁了, and you are not entitled to a higher benefit amount based on your own work history. 如果你在60岁之前再婚, you will lose the ability to receive a survivor benefit from your deceased ex-spouse.10
如果你的前配偶还活着, the maximum amount that you are eligible to receive is 50% of what your former spouse is due at full retirement age. 获得最大的利益, you will need to wait until you have reached your own full retirement age.10
Your benefits are unaffected should your former spouse elect to take Social Security before reaching full retirement age or if your ex-spouse starts a new family.10
1. EBRI.org, 2023
2. SSA.政府,2023
3. SSA.政府,2023
4. SSA.政府,2023
5. SSA.政府,2023
6. SSA.政府,2023
7. 在大多数情况下, 一旦你到了73岁, you must begin taking required minimum distributions from a Traditional Individual 退休 Account (IRA). You may continue to make tax-deductible contributions to a Traditional IRA past age 70½ as long as you meet the earned-income requirement.
8. Once you reach age 73 you must begin taking required minimum distributions from a Traditional Individual 退休 Account in most circumstances. Withdrawals from Traditional IRAs are taxed as ordinary income and, 如果在59岁半之前服用, may be subject to a 10% federal income tax penalty.
9. The guarantees of an annuity contract depend on the issuing company's claims-paying ability. 年金有合同限制, 费用, 和费用, 包括帐费和管理费, 基础投资管理费, 死亡率和费用, 以及可选福利的收费. Most annuities have surrender 费用 that are usually highest if you take out the money in the initial years of the annuity contact. Withdrawals and income payments are taxed as ordinary income. 如果在59岁半之前提款, a 10% federal income tax penalty may apply (unless an exception applies).
10. SSA.政府,2023
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation. This material was developed and produced by love爱博体育app下载 to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见和 material provided are for general information, and should not be considered a solicitation for the purchase or 出售任何证券. 版权 love爱博体育app下载.
