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For #SocialSecurity, did you know that retirement benefits paid out make up 74%, disability benefits paid out, 11.6%, and survivor benefits paid out 5.3% for a total of 90.9% #retirementplanning
For #SocialSecurity, 403b plans are generally subject to WEP unless the distributions consist solely of employee contributions. #retirementplanning
#SocialSecurity benefits are paid a month behind. April’s benefits are paid in May. #SocialSecurity requires that a person live an entire month to receive benefits for that month. So, the benefit for the month of death, paid in the following month, must be returned.
For #SocialSecurity, the Annual Earnings Limitation for 2024 is $22,320. #retirementplanning