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Who Gets Social Security Benefits

Do Immigrants Get Social Security

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Under current Social Security rules, workers who have immigrated to the United States are likely to receive lower benefits than natives. Because Social Security requires 40 quarters of covered earnings before an individual is eligible to receive any benefits, many immigrants may not meet eligibility requirements.

Eligible Family Members Include:

  • Ex-spouses, if the marriage lasted for at least 10 years and they have not remarried
  • Children under 18, or up to 19 if still enrolled in high school
  • Children of any age who were disabled before 22 — that is, not earning more than $1,260 per month in 2020, having a medical condition that results in severe functional limitations and that is expected to last 12 months or longer or result in death

Spouses and ex-spouses must be at least 62 in order to claim benefits, and spouses and children must wait for the worker to begin claiming benefits themselves before they can claim family benefits on their record.

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For that, they can thank an 8.7% cost-of-living adjustment designed to help seniors and other beneficiaries deal with a soaring inflation rate that is also the highest in 41 years. Heres a roundup of the latest announcements and other information you should know.

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Avoiding The Gpo: The 60

If you’re a retired government employee who receives Social Security retirement benefits as a spouse or former spouse, you can avoid the GPO reduction.How? By working for at least the last 60 months of your career in a job in which you pay Social Security taxes.Take the case of Julie. For most of her career, she worked as a public school teacher. Because the school district offered her a pension at retirement, Social Security taxes were never withheld from Julie’s pay.Her husband, Bruce, works in the private sector and has paid Social Security taxes for the duration of his career. When they retire, both will claim Social Security benefits on Bruce’s earnings record.To avoid the GPO reduction to her spousal benefits, Julie retires early from her teaching position and takes a job at a tutoring center. She works in that position for 5½ years, and Social Security taxes are regularly withheld from her pay.The tutoring position is the last job Julie holds. Because she spent her last working 60 months paying Social Security taxes, the GPO won’t reduce her spousal benefits.

How Are Payment Dates Determined

Breaking Down Social Security Retirement Benefits by Age

Your Social Security payments are made based on the date of your birth, according to the following schedule:

  • Birth date 1-10: payments on 2nd Wednesday of month

  • Birth date 11-20: payments on 3rd Wednesday of month

  • Birth date 21-31: payments on 4th Wednesday of month

Supplemental Security Income is generally paid on the 1st of every month. However, as shown above, sometimes SSI can be paid twice per month, based on the calendar. For example, in 2022, second SSI payments were made on April 29 and September 30 and will be again on December 30.

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A Guide On Taking Social Security

Deciding when to take Social Security depends heavily on your circumstances. You can start taking it as early as age 62 , or you can wait until you’ve reached full retirement age or age 70 based on your work history. While there’s no “correct” claiming age for everybody, the rule of thumb is that if you can afford to wait, delaying Social Security can pay off over a long retirement. Here are some guidelines to consider.

Contrast With Private Pensions

Although Social Security is sometimes compared to private pensions, the two systems are different in a number of respects. It has been argued that Social Security is an insurance plan as opposed to a retirement plan. Unlike a pension, for example, Social Security pays disability benefits. A private pension fund accumulates the money paid into it, eventually using those reserves to pay pensions to the workers who contributed to the fund and a private system is not universal. Social Security cannot “prefund” by investing in marketable assets such as equities, because federal law prohibits it from investing in assets other than those backed by the U.S. government. As a result, its investments to date have been limited to special non-negotiable securities issued by the U.S. Treasury, although some argue that debt issued by the Federal National Mortgage Association and other quasi-governmental organizations could meet legal standards. Social Security cannot by law invest in private equities, although some other countries and some states permit their pension funds to invest in private equities. As a universal system, Social Security generally operates as a pipeline, through which current tax receipts from workers are used to pay current benefits to retirees, survivors, and the disabled. When there is an excess of taxes withheld over benefits paid, by law this excess is invested in Treasury securities as described above.

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Average Social Security Check By Type

While most people think of Social Security as a program just for retirees, it serves many other groups, including the disabled, spouses and minor children of retirees as well as the spouses and minor children of deceased workers. The amount that each group receives differs substantially.

In fact, the average retired worker receives $1,676.53 each month about 8 percent more than Social Security recipients as a whole. Heres how the figures break down by recipient, as of October 2022.

Type of beneficiary

Fraud In The Acquisition And Use Of Benefits

Social Security Benefits Increase in 2023

Given the vast size of the program, fraud sometimes occurs. The Social Security Administration has its own investigatory unit to combat and prevent fraud, the Cooperative Disability Investigations Unit . The Cooperative Disability Investigations Program continues to be one of the most successful initiatives, contributing to the integrity of SSA’s disability programs. In addition when investigating fraud in other SSA programs, the Social Security Administration may request investigatory assistance from other law enforcement agencies including the Office of the Inspector General as well as state and local authorities.

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What About Taxes On Social Security

Social Security benefits may be taxable, depending on your “combined income.” Your combined income is equal to your adjusted gross income , plus non-taxable interest payments , plus half of your Social Security benefit.

As your combined income increases above a certain threshold , more of your benefit is subject to income taxâup to a maximum of 85%. For help, talk with a CPA or tax professional.

In any case, if you’re still working, you may want to postpone Social Security either until you reach your full retirement age or until your earned income is less than the annual limit. In no situation should you postpone benefits past age 70.

How Do Benefits Work And How Can I Qualify

While you work, you pay Social Security taxes. This tax money goes into a trust fund that pays benefits to:

  • Those who are currently retired

  • People with disabilities

  • The surviving spouses and children of workers who have died

Each year you work, youll get credits to help you become eligible for benefits when its time for you to retire. Find all the benefits the Social Security Administration offers.

There are four main types of benefits that the SSA offers:

  • Learn about earning limits if you plan to work while receiving Social Security benefits

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Earn Ssa Work Credits In Some Countries

You may not have enough credits from your work in the United States to qualify for retirement benefits. But, you may be able to count your work credits from another country. The SSA has agreements with 24 countries. If you earned credits in one of those countries, they can help you qualify for U.S. benefits.

Adults With A Disability That Began Before Age 22

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An adult who has a disability that began before age 22 may be eligible for benefits if their parent is deceased or starts receiving retirement or disability benefits. We consider this a “child’s” benefit because it is paid on a parent’s Social Security earnings record.

The Disabled Adult Child who may be an adopted child, or, in some cases, a stepchild, grandchild, or step grandchild must be unmarried, age 18 or older, have a qualified disability that started before age 22, and meet the definition of disability for adults.

Example

It is not necessary that the DAC ever worked. Benefits are paid based on the parent’s earnings record.

  • A DAC must not have substantial earnings. The amount of earnings we consider substantial increases each year. In 2022, this means working and earning more than $1,350 a month.

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How Much Social Security Will I Get In Retirement

Quick Answer

In this article:

The amount of your monthly Social Security retirement benefit depends on multiple factors, including how much you earn over your working life, how old you are when you retire and allowances for inflation. Understanding how the payment is calculated can help you estimate what to expect and better position yourself to plan for retirement. Here’s how it works.

What Happens If I Work And Get Social Security Retirement Benefits

You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, we will reduce your benefit. Starting with the month you reach full retirement age, we will not reduce your benefits no matter how much you earn.

  • We use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.

For 2022 that limit is $19,560.

  • In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age.

If you will reach full retirement age in 2022, the limit on your earnings for the months before full retirement age is $51,960.

Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.

Use our Retirement Age Calculator to find your full retirement age based on your date of birth.

Use our Retirement Earnings Test Calculator to find out how much your benefits will be reduced.

What counts as earnings:

Your benefits may increase when you work:

When youre ready to apply for retirement benefits, use our online retirement application, the quickest, easiest, and most convenient way to apply.

If you need to report a change in your earnings after you begin receiving benefits:

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Who Misses Out On Social Security Benefits And Why

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Does everyone get Social Security? No. Still, American workers who will not qualify for Social Security retirement benefits are relatively rare. If you are one of them, its important to know, so you can secure other sources of income or determine whether its possible for you to become eligible. What follows are the eight most common categories of workers who lack Social Security eligibility and thus are not entitled to benefits.

What’s Full Retirement Age

Social Security benefits to jump by 8.7% next year

Full retirement age is when you’re eligible to receive full Social Security benefits. Your full retirement age depends on your birth year: For anyone born in 1960 or later, full retirement age is 67. For those born in 1955 through to the end of 1959 , full retirement age ranges between 66 and 2 months and 66 and 10 months. If you were born before 1955, you’ve already reached age 66 and full retirement age.

If you were born in… Your full retirement age is…
1954 or earlier You’ve already hit full retirement age
1955
67

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Social Security: 10 Smart Ways To Get More Benefits

Without Social Security benefits, 22 million Americans would be poor per a report from the Center on Budget and Policy Priorities. About 21% of married elderly beneficiaries and 44% of unmarried ones get fully 90% or more of their income from Social Security, while about 48% of married elderly beneficiaries and 69% of unmarried ones get 50% or more of their income from it, according to the Social Security Administration.

How much money are we talking about? Well, the average Social Security retirement check was recently $1,417, or about $17,000 annually. If that doesn’t seem like much, know that there are ways to increase your benefits. Here are 10 strategies to consider:

  • Check your record
  • Work for at least 35 years
  • Delay starting to collect your benefits
  • Start collecting early, at 62
  • Collect a spousal benefit
  • Don’t earn too much if you’re working in retirement
  • Delay your divorce
  • Look into survivor and disability benefits
  • Let’s examine each in more detail.

    What Happens If The Dac Gets Married

    If the child receives benefits as a DAC, the benefits generally end if they get married. However, some marriages are considered protected.

    The rules vary depending on the situation. Contact a Social Security representative at 1-800-772-1213 to find out if the benefits can continue.

    1-800-772-1213

    To speed up the application process, complete an Adult Disability Report and have it available at the time of your appointment.

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    Social Security Payments For December: When To Expect Your Check

    Here’s when your December Social Security payment will arrive.

    The Social Security Administration started disbursing December payments this week. We’ll explain below how the timing of Social Security payments work.

    This month, you should also keep an eye out for a letter in the mail about your Social Security cost-of-living benefit increase for 2023. The letter will have details about your individual benefit rate increase for next year — or you can check your benefits online using your My Social Security account. In , you’ll get your first increased benefit amount.

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    How To Find Out How Much More Money Youre Getting

    Everything You Need to Know About Social Security Retirement Benefits ...

    The SSA said it will mail COLA notices throughout the month of December to retirement, survivors and disability beneficiaries, along with SSI recipients and representative payees. These notices will let you know how much your new payment will be.

    If you want to find out about your new benefit amount sooner, you can get your Social Security COLA notice online using the Message Center in your personal mySocial Security account. The online information will be available in early December, prior to receiving the mailed notice. Benefit amounts will not be available before then.

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    Federal Income Taxation Of Benefits

    Originally the benefits received by retirees were not taxed as income. Beginning in tax year 1984, with the Reagan-era reforms to repair the system’s projected insolvency, retirees with incomes over $25,000 , or with combined incomes over $32,000 or, in certain cases, any income amount generally saw part of the retiree benefits subject to federal income tax. In 1984, the portion of the benefits potentially subject to tax was 50%. The Deficit Reduction Act of 1993 set the portion to 85%. Moreover, since the taxable income threshold is not indexed to inflation, the portion of beneficiaries’ social security payments subject to income tax has risen significantly in real terms since the threshold was set in 1984.

    Spouse’s Benefit And Government Pension Offsets

    The spouse or divorced spouse of a retirement beneficiary is eligible for a Social Security spouse benefit if the spouse or divorced spouse is 62 or older. The benefit amount is equal to 50 percent of the retirement beneficiary’s Primary Insurance Amount if the spouse claims the benefit at the full retirement age or later. If a person is eligible for both a retirement benefit based the person’s own work in Social Security covered employment and a spouse benefit based on a spouse’s work in covered employment, SSA will pay a total amount approximately equal to the higher of the two benefits. For example, if at the full retirement age, a spouse claims a retirement benefit of $300 and a spouse benefit of $450, SSA will pay the person a $300 retirement benefit and a $150 dollar partial spouse benefit for a total benefit of $450.

    A spouse is eligible after a one-year duration of marriage requirement is met and a divorced spouse is eligible for spousal benefits if the marriage lasted for at least ten years and the person applying is not currently married. Payment of benefits to a divorced spouse does not reduce the Social Security benefits of the retired worker or family members of the retired worker, such as the worker’s current spouse. A divorced person can claim spousal benefits once the former spouse is eligible for retirement benefits, regardless of whether the former spouse has claimed those retirement benefits.

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