EFTA01201628.pdf

Your payment would be about 11111111111111111111111111111111111111 III111111111111111111111111111 1111111111 1111111 $2,639 a month at full retirement age 000004417 2".. 9000 ION 4413 I AV 0.31$ JEFFREY B. EPSTEIN October 08, 2014 '• 6100 RED11OOK QTR APT NO 133 ST THOMAS VI 00802 Your Social Security Statement Are you thinking about retirement? Are you ready for retirement? To view your Social Security We have tools that can help you! Statement online anytime create a • Estimate your future retirement benefits my Social Security account today! at www.socialsecurity.goulestimator • Apply for retirement, spouse's, Medicare or disability benefits at www.socialsecurity.goulapplyforbenetits a I • And once you receive benefits, manage your benefits at www.socialsecurity.goulniyaccount Your Social Security Statement tells you about how much you or your family would receive • in disability, survivor or retirement benefits. 40 percent of your annual preretirement a It also includes our record of your lifetime earnings. You will need other savings, 2 earnings. Check out your earnings history, and investments, pensions or retirement accounts 8 let us know right away if you find an error. to live comfortably when you retire. This is important because we base your benefits To view your Statement online anytime, on our record of your lifetime earnings. create a my Social Security account Social Security benefits are not intended to be at www.socialsecurity.goulmyaccount. • your only source of income when you retire. On average, Social Security will replace about Carolyn W. Colvin Acting Commissioner Follow the Social Security Administration at these social media sites. You Tube ME EFTA01201628 Your Estimated Benefits casts You have caned enough credits to qualify for benefit.. At your 0092,99t thaing• rata, if you thealthe working until... year Tall retirement ago year•), Year payment mould be *heat I 2,636 a month age 70, your paynent would be about # 3,509 a month age 02, your payment would be about 1,f06 a .oath Disability Yoe have •Areed &month credit. to quality for benefits. IC yea beano disabled right now your payment would be about $ 2,310 a month °Family If you get retirement or disability benefit., your apose• or children say also quality for benefits. ° Survivors Yon have tinned thank create for your fatly to receive rervivors benefit.. If you di. Gigs year, carotin members of your fully .ay qualify for the following benefits. Your child $ 1,520 a month Your @poen who is oaring for your child $ 1,931 a month Your spouse, if benefits start at full retirement ago $ 2,566 a month Total fully benefits cannot be more Muth $ 6,053 a month Your spouse or minor child may be eligible for a special onetime death benefit of 2235. Medicare Yoe have earned O credits to quality for Medicare at age is. [van if you do sot retire at age 65, be ecru to contact Social security three month. before your 65th birthday to enroll in Medicare. *your •stin•ted benefits are Mimed on current law. Congress has made changes to the law in the past and can do so at any tine. The law governing benefit amounts may change because, by 20 3 3, the payroll taxes collected will be enough to pay only about 77 percent of scheduled benefits. We based your benefit estimates on these facts: Your data of birth (pleas* verify your name on page 1 and this data of birth) January 20, 1953 Your •thisatad taxable earnings per year after 2016 Over $117,190 Your Ooeial security number (only the last Roth digits are shown to kelp prevent Identity theft) )20t•YJC•3346 How Your Benefits Are Estimated ppoilify for benefits, you earn 'credits" through your (31 Your maimed's' benefits are based on corned law. The work — up to four each year. This year, fur example, you law governing benefit amounts may change. enni 0119 credit for each 61,200 of wages or sellemployment (4) Your hentifit emoted rimy be effected by military income. When you've earned 64.800, you've earned your four service, railroad employment or pensions earned credits for the year. Most people need 40 credits, earned over through work on which you did not pay Social their working lifetime. to receive retirement benefits. For Security tax. Visit unow.socialsecarity.goolmyaccount disability rdei minimum benefit", young people used fewer to IPIII11 more. credits to be eligible. We checked your records to see whether you hove earned Windfall elimination Provision (WEP) — In the future, enough credits to qualify fur benefits. If you haven't earned if you receive n musket from employment in which you do en yet to modify for any type of beimat, we can't give nut pay Social Security taxes, such as erne federal, state you a benefit estimate now. If you continue to work, well or local government work, some nollProfit give you, en estimate when you do qualify. or foreign employment, ad you also qualify for your own What we assumed — If you have enough work credits, we Social Stinted!? retirement or disebility benefit. Your Social unlimited your benefit mounts using your menage earnings Security benefit may be reduced, but not eliminated, by over your working lifetime. For 2014 and later (up to retirement WEE. The mowed of the reduction, if any, depends on age), we assumed you'll continue to work nod make about your emoings end mimber of .cmus in jobs in width you the scone as you did in 2012 or 2013. We also included prod Social Security taxes, nod the yens you are age 624n credits we :monied you earned lost year and this year. become disabled. For inure inform/tom please see IVmdfall Generally, the older you are and the closer you are to Elimination Provision (Publication No. 05.100451 at retirement, the more accurate the retirement estimates will be trunv.socialsanwity.gavlIVEY. because they are based w a longer work history with fewer Government Pension Offset (GPO) — If you receive a micertamties sud, as earnings fluctuation end future law pension based on federal, state or local govenunent work clump" We enrourege you to use our online Retirement in whiCh you did not pay Social Security taxes and you Estimator at wanattecialsecuritspolestintator to obtain qualify, now or in the future, for Social Security benefits us a immediaa and ponconalind benefit estimates. current or romp°. widow or widower, you ore We can't provide your actual benefit amount until you to be affected by GPO. If GPO applies, your Social Security supply for benefits. And that amount may differ from the benefit will he redummil by an /IIII0IIIII opt& to two-thirds of estimates stated above because: your governMent pension, mid amid be reduced to taro. Even (1) Y • mumbles maw increase or decrease in dm future. if your benefit ix radium] to Faro, vat will be eligible for (2) After you start receiving benefits, they will be Medicare at age 65 on your spouse's record. To learn more, adOoded for contoflivilig MI:moths. please see Gooernmrnt Pension OfThet (Publication No. 0610037) at touno.socialsecuritsgovIGPO. 2 ICI EFTA01201629  Your Earnings Record Your Taxed Your Taxed Your Taxed Your Taxed 1O11111111N 11111 111111111111111 11111 III 1111111 11111111 1111111 lull 11111 11111 111111 Years You Social Security Medicare lean You Social Security Medicare Worked Earnings Earnings Worked Earnings Earnings 1968 $ 94 $ 94 1990 $ 51,300 $ 51,300 1969 39 39 1991 53,400 125,000 1992 55,500 130,200 1970 0 0 1993 57,600 135,000 1971 0 0 1994 60,600 2,014,839 1972 256 256 1995 61,200 153,564 1973 SO 50 1996 62,700 150,754 1974 4,000 4,000 1997 65,400 150,754 1975 10,200 10,200 1998 68,400 151,287 1976 15,300 15,300 1999 72,600 180,000 1977 16,500 16,500 1978 17,700 17,70 2000 76,200 240,666 1979 22,900 22,90 2001 80,400 240,666 2002 84,900 240,756 1980 25,900 25,90 2003 87,000 241,021 1981 29,700 29,70 2004 87,900 241,021 1982 0 2005 90,000 241,021 1983 0 2006 94,200 241,021 1984 0 2007 97,500 180,785 1985 0 2008 0 0 1986 0 2009 0 0 1987 43,800 43,80 1988 45,000 45,00 2010 106,800 190,980 1989 48,000 48,00 2011 106,800 190,980 2012 110,100 190,301 2013 113,700 186,345 Total Social Security and Medicare taxes paid over your working career through the last year reported on the chart above: taxes paid for Social Security: Estimated taxes paid for Medicare: You paid: 8122,977 You paid: $89,479 I Your employers pet': $121,317 Your employers paid: 587,275 Note: Currently, you and your employer each pay a 6.2 percent Social Security tax on up to $117,000 of your earnings and a 1.46• percent Medicate tax on all your earnings. If you are self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $117,000 of your net earning, and a 2.r percent Medicare tax on your entire net earnings. •I/ you have earned Income of more then $900,00,(1250,000for monied couples Mtn jointly), you must pay 0.9 percent snare In Medicare • Inn. Help Us Keep Your Earnings Record Accurate You, your employer and Social Security share responsibility processing lest year's earnings reports when your Statement (or the accuracy of your earnings record. Since you began was prepared. Your complete earnings for last year will be working, we recorded your reported earnings under your shown on next year's Statement. Note: If you worked for name and Social Security number. We have updated your more than one employer during any year, or if you had both record each time your employer (or you, if you're sell earnings end self-employment income, we combined your employed) reported your earnings. earnings for the year. re Itentember, it's your earnings, not the amount or taxes coo There's a limit on the amount of awnings on which you paid or the number of credits you've earned, that ileterMMe pay Social Security taxes each year. The limit increases your benefit amount. When we figure that amount, we base yearly. Earnings above the limit will not appear on your it on your average earnings over your lifetime. If our records earnings chart as Social Security earnings. (For Mediocre are wrong, you may not receive ail the benefits to which taxes, the maximum earnings mount began rising in 1991. you're entitled. Since 1704, all of your earnings are taxed for Medicare) Review this chart carefully using your own records to make Call us right away at 1-800-7761213 (7 ant. • 7 p.m. your sure our information is correct and that we've recorded each local time, TrY 1.000325.0718) if any earning: for years year you worked. You're the only person who can look et the before last year are shown incorrectly. Please have your W2 earnings chart veld know whether it is complete and correct. or tax return for those years available. (If you live outside Some or all of your earnings from last year may not be the U.S, follow the directions et the bottom of page 44 shown on your Stolen:era It could be that we still were 3 EFTA01201630 Some Facts About Social Security About Social Security and Medicare... &Mild Security pays retireninnt disnbility, family end Extra Help with Medicare — If you know someone who survivors benefits. Medicare, a separate progrem run by the is on Medicare and his limited resources and income, Extra Centers for Medicare & Medicaid Service; helps pus for lisle is available for prescription drug costs. The Extra 11011, inpidient hospital care, outing care, doctors' fees, drugs. can help pay the monthly premiums, annual deductibles and mod other medical services mid supplies to people age 65 Ken:notion co.paymonto. To lawn more or to ripply, visit and older, as well as to people who have been reviving www.sociatsecurity.goo or call 14300-772-1213 (IVY Sociel Security disnbility benefits for two years or more. 1-803-325-0771). four Social Security covered earnings qualify you for both programs. Medicare does not pay for long-term clue, so you Receive benefits and still work... want to consider options for private insurance. For more You can work and still get retirement or survivors benefits. infinetiation about Medicare, visit www.medicare.goo or call If you're youngur then your full retirement age, there are 14300-633-4227 ern 14377-488-20H if you tue deaf or hard limits on how much you can earn without affecting your of Imaring). benefit amount. When you apply for bandits, well tell you Retirement — If you were born before 1938, your full what the limits are and whether work would affect your retinitimit age is 85. Because of a 19,43 change in the law, the monthly benefits. When you reach full retirement age, the earnings limits no hanger apply. full retirement ago will increase gradually to 67 for people horn in 1900 soul later. nature you deckle to retire... Sonia people retire before their full retirement age. You can Carefully consider the advnotogn and disadvanteges of early retire lei early MI 62 and take benefits 4 a reduced rats. If you retirement. If you douse to receive benefits before you reach work after your full retirement age, you can receive higher full retirement age, your monthly benefits will be reduced. benefits because of additional earnings and credits (or delayed retinment. To help you decide the best time to retire, we offer a free Disability — If ymi become disabled before full retirement publication, When To Start Recoiling Retirement Benefits ice, you an receive disability benefits after six months if (Publication No. 0540147), slut identifies the many factors you have: you should consider before applying. Most people can receive — enough credits from earnings (depending on your age, you an estimate of their benefit based on their actual Social must have earned six to 20 of your credits in the three to Security earnings record by going to www.socialsecurity.gool 10 yews before you became disabled); and estimator. You also can calculate future retirement benefits — ta physical or mental impnirment that's expected to prevent by using the Social Security Benefit Calculators at von (rum doing *substantite work for a year or more or unow.socialsecurity.gou. imult in death. Other helpful free publications include: If von lire filing for disability benefits, please let us — Retirement Benefits (No. 0540035) kiitie if you are on ortive military duty or err n recently — Understanding The Benefits (No. 05-10024) discharged veteran, so that we can handle your claim — Your Retirement Benefit Bow It Is Figured moor quickly. (No. 0540070) Family — If you're eligible for disability or retirement — Windfall Elimination Provision (No. 0640045) benefits, your current or divorced spouse, minor children — Government Pension Offset (No. 0640007) or adult children disabled before age 22 also may receive — Identity Theft And Your Social Security Number benefits. Knob may qualify for up to about 50 percent of your (No. 0510004) benefit mom.. We also have other leaflet. end feat sheets with Survivors — When you die, certain members of your information about specific topics such as military needy may be eligible for benefits: service, sellempluyinent or foreign employment You — your sparse age 60 or older (50 or older if disabled, can region Social Security publications at our website, or any age if caring for your children younger than uew.sodaleireurity.gou, or by calling us at 1-800.772-1213 age 16); and (TY 1400-335-07713). Our website has a list of frequently — tour children if unmarried and younger than age IN, still asked questions that may answer questions you here. We in school and younger than 19 years old, or adult children have easy-to-use online applications for benefits that can (healed Infore age 22. save you a telephone call or a trip to a field office. If vac are divorced, your ex-spouse could he eligible for a You also may qualify for government benefits outside of widow's or widower's benefit on your record when you die. Social Security. Fur more infonnation on these benefits, visit umnsanniefittgvv. If you need more information — Visit towto.sorialsecurity.gov on the Internet, contact any Social Security office. call 14300-772-1213 or write to Social Security Administration, Office of Rieslings Operations, P.O. Box S3026, Baltimore, MI) 21290-3026. If you're deaf or hard of hearing, call TIT 1-800-326-0776. If you have questions about your personal information, tau mist provide your complete Social Security number. If your address is incorrect on this Statement, ask the IRS to send %MI ii Form 1422. We don't keep your address if you're not receiving Social Security benefits. twin 145.1.70164M-SI trill EFTA01201631  ,A, Sc.& E LOW USA Thinking of retiring? IIII IIII 11111 HUI IIIIII HIE 11111 Hill III IIIIIII IIIIIIIIIIIIIII IIIII IIIIIIII11 Mill I 64 1111111 ISTIk www.socialsecurity.gov Some things to consider It's so easy to apply online for benefits R etirement can have more than one moaning these days. It can mean that you have applied If you retire early, you may not have enough income to enjoy the years ahead of you. Likewise, The easiest way to apply for Social Security retirement benefits is to go for Social Security retirement if you retire late, you'll have a online at www.socialseeztrily.goul benefits or that you are no longer larger income, but fewer years to working. Or it can mean that you enjoy it. Everyone needs to try to applyforbenelfts. If you do not have chosen to receive Social find the right balance, based on have access to the Internet, you can Security while still working, either his or her own circumstances. call 1-800-772-1213 CITY number, full or part-time. All of these 1-800.825.0778) between 7 am. and We hope the following 7 p.m., Monday through Friday, to choices are available to you. Your information will help you as apply by phone. You also can apply retirement decisions can have you plan for your future at any Social Security office. To very real effects on your ability to retirement and consider your maintain a comfortable retirement. avoid having to wait, cull first retirement options. to mako an appointment. There is one more thing you should What is the best option for you? remember as you crunch the numbers for your retirement. You may need Everyone's situation is different. That is why Social Security has created your income to bo sufficient for a several retirement planners to help you decide what would be best for long time, because people are living you and your family. Social Security has an online calculator that can longer than ever before, and generally, provide immediate and accurate retirement benefit estimates to help you women tend to live longer than mon. plan for your retirement. For example: The online Retirement Estimator is a convenient, secure, and • The typical 65-year.old today will quick financial planning tool. It uses your own earnings record live to ago 83; information, thereby eliminating any need to manually key in years • One in four 65-year-olds will live of earnings information. The estimator also will let you create 'what to age 90; and if' scenarios. You can, for example, change your "stop work" date or • One in ten 65-year-olds will live expected future earnings to create and compare different retirement to age 95. options. To use the Retirement Estimator, go to our website at Once you decide on the best age www.socialsecurity.goulestinzator. for you to actually retire, remember S to complete your application three Monthly benefit amounts differ based on the months before the month in which I age you decide to start receiving benefits you want retirement benefits to begin. This example assumes a benefit of $1,000 at a full retirement age of 66 Don't forget Medicare $1320 Even if you don't plan to receive $ 1,240 monthly benefits, you should sign $1,160 Monthly benefit amount up for Medicare three months before two $1,080 reaching age 65. Otherwise, your $933 .416III 6800 Medicare medical insurance, as well 760 as prescription drug coverage, could be delayed and you could be charged higher premiums. You even can apply online. Visit www.socialsentrity.govl medieareonly for more information about Medicare eligibility and filing online. Also ask for Apply Online For 0 62 Medicare Even — lf You Are Not Ready 63 64 65 66 67 68 69 70 To Retire (Publication No. 05.10530). Age you shone lo elan receiving benefits EFTA01201632 Receiving benefits while you work Need more When you reach your full Here is how this works: after information? retirement age, you can work you reach full retirement age. You can fed answers to frequently and earn us much as you want WO will recalculate your benefit asked questions about Social and still receive your full Social amount to give you credit for Security, learn about factors that Security benefit payment. If you any months in which you did could affect your benefits, and much are younger than full retirement not receive some benefit because more by visiting Social Security age and if your earnings exceed of your earnings. In addition, as online at uow.eocialsecurity.goo. certain dollar amounts, some of long as you continue to work, we your benefit payments during the will check your record every year If you do not have access to the year will be withheld. to see whether the additional Internet, you can get information earnings will increase your about Social Security by calling This does not mean you must uv to 1400-772-1213 fITY 1-300-326-0778 limit your earnings. If we withhold monthly benefit. for the deaf or hard of hearing) or by sonic of your benefits because you Many people can continue to visiting a local Social Security office. continue to work, wo will pay you a work and still receive retirement higher monthly benefit amount when benefits. If you want more you reach your full retirement age. In other words, if you would like to information on how earnings affect your retirement benefits. Other useful websites work and earn more than the exempt ask for How Worh Affects Your www.mymoney.gov amount, you should know that it Benefits (Publication No. 05-10069). will not, on average, reduce the total which has current annual and This website contains calculators value of lifetime benefits you receive monthly earnings limits, and is for financial planning and from Social Security—and may available on our website. information on meney-related actually increase them. matters, such as retirement planning and starting a small business. www.dol.govlebsalpdr Retirement age considerations