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7 Social Security Facts in 2019 – The Motley Fool

Social Security provides income in retirement to over 43 million retired workers, and next year there are some important changes…

Social Security provides income in retirement to over 43 million retired workers, and next year there are some important changes to the program that everyone should know about. Here are seven key social security facts that may affect you in 2019.

No. 1: A større betaling

Socialsikringsbetalinger vil øke med 2,8% i 2019, og det er den største økningen i sosiale sikringsinntekter siden 2012. Denne kostnads-for-levendejustering (COLA) ble bestemt ved beregning af prisændringen for goods and services in the third quarter of 2018 from the third quarter of 2017, using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This year, it averaged 246,352 in the third quarter, and in 201

7 it averaged 239,668 in the third quarter, which works out to a 2.8% increase.

IMAGE SOURCE: GETTY IMAGES.

Following the COLA increase, the average monthly social security received by a retired worker will be $ 1,461, up $ 39.64 per month from 2018. The Average married couple will receive $ 2,448 per month in 2019, if both people are drawing benefits. Men det er usannsynlig at du mottar dette beløpet fordi Social Security beregner hver pensjonistens betaling basert på deres egen individuelle inntektshistorie, ikke et gjennomsnitt for alle arbeidere.

No. 2: Taxes are increasing, too

Social Security payments are funded through a 12.4% payroll tax on current workers, divided equally between employer and employee, up to a maximum amount of earnings annually. Uheldigvis kan dette tal også øke, og det øker hvert år. Det er bestemt av endringer i den sosiale sikkerhetens gjennomsnittlige lønindeks, ikke CPI-W. Because this index grew 3.45%, the maximum earnings subject to payroll taxes will increase 3.5% (they round up) to $ 132,900 in 2019.

No. 3: Full retirement age is climbing

Full retirement age is the age at which a retired employee can collect 100% of their Social Security benefit. Kraven tidligere end fuld pensionsalder og din fordel er reduceret; claim later and it’s increased. In 2019, de volledige pensioenleeftijd is 66 jaar en zes maanden voor mensen geboren in 1957, dat is twee maanden ouder dan in 2018. Als je geboren bent in 1957 en je claimt voordelen vroegtijdig 62, krijg je 27,5% minder dan Hvis du ellers hadde ventet på at kræve indtil fuld pensionsalder. Alternatively, someone born in 1957 who waits until age 70 to claim benefits will receive 28% more than they would receive at full retirement age.

IMAGE SOURCE: GETTY IMAGES.

No. 4: Workers will get a break

If you are younger than full retirement age, collecting Social Security, and still working, then you are subject to Social Security’s earnings test. In 2019, het maximumbedrag dat u kunt verdien zonder falen, zal deze test stijgen 3,5% tot $ 17,640. Ef þú færð meira en það, mun Social Security halda $ 1 fyrir hver $ 2 sem þú færð yfir það hámark.

A separate rule applies to people who are turning full retirement age in 2019, though. Personer som når full pensjonsalder i 2019 kan nå tjene opp til $ 46,920 i måneder før full pensjonsalder, opp fra $ 45,360 i 2018. Hvis dine inntekter overstiger denne nye grense, vil Social Security holde $ 1 for hver $ 3 over grensen .

If you do fail the earnings test, any Social Security that’s withheld will not be lost. Instead, it’s added back to your work record, so any withholding increases the amount you receive in benefits once you reach your full retirement age.

No. 5: Changes to the benefit calculation

Social Security calculates your full retirement age benefit by adjusting your highest 35 years of earnings for inflation to determine your average inflation-adjusted monthly earnings (AIME). In 1969, the first bend point is increasing to $ 926 from $ 895 in 2018, and the second bend point is increasing to $ 5,583 from $ 5,397 in 2018. In the following table, you can see how much credit you will get for your AIME up to and beyond each bend point. Så, for eksempel, hvis din AIME er $ 5,700, så vil din full pensjonsalder fordel være $ 2,341.19.

Fixed Percentages of Income Used in Bend Points Calculation in 2019

Up to $ 926

Between $ 926 and $ 5,583

Above $ 5,583

90%

32%

15%

Chart by author.

No. 7: Medicare Part B premiums increase

In 2019, Medicare Part B monthly premiums are increasing to $ 135.50 from $ 134 in 2018. Most Americans pay this premium out of their social security income, therefore the increase will reduce how much of the Social Security Cola will increase you pocket next year – especially if you pay less than $ 134 in 2018 because of Social Security’s hold harmless commission. Denne provisionen har forhindret præmier fra stigende i dollarbeløb hurtigere enn Social Security-indtægter i de seneste år, men det er kun en midlertidig udbetaling. Als Socialezekerheidsinkomen stijgen, Medicare Part B-leden zijn verplicht om te spelen opvang. Therefore, some people could see a lot of their Social Security increase go to Medicare, rather than their bank account.

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