Recently, China's personal pension system has also been frequently searched, which has aroused many people's discussion. As a developed country with developed economy and relatively perfect social security system, the American pension system has also attracted everyone's attention. According to incomplete statistics, there are nearly 800,000 million dollar pension accounts in the United States. This means that the account owner can no longer worry about the future pension problem, and even if he retires, he can completely achieve food and clothing.
First, the American pension system.
As a leader in developed countries, the United States has a relatively perfect social security system, which is also quite prominent internationally. So what are the main aspects of the American pension system? Its pension system mainly includes three aspects. Namely, social endowment insurance system, enterprise supplementary endowment insurance system and individual savings endowment insurance system.
1. Social endowment insurance system
The American social insurance system, also known as the federal pension system, is a state-led compulsory pension system. This is a social security benefit provided by the United States to ensure the living standards of retirees, and it is also the most basic insurance system. Its most notable feature is that social security tax is a part of the personal wage rate collected by the state and transferred to the social security fund account set up by its relevant institutions to guarantee various social security welfare expenditures in the future.
The federal pension system encourages "pay more and get more". The more social security tax you pay during work, the more pension you receive after retirement, similar to China's pension payment system. Of course, in order to ensure social equity, the federal pension system also limits the upper limit of taxable wages, that is, wages beyond this part can no longer pay social security tax, which also ensures relative social equity.
2. Enterprise endowment insurance system
Enterprise pension insurance system is also called annuity plan, which is a supplementary pension insurance system in which individuals and enterprises share the pension tax. Among them, "40 1K Plan" is the most popular among enterprises in the United States, and it is named after the tax law promulgated. The main content is that the pension system established by the state and enterprises for employees can enjoy preferential tax relief, which reduces the economic pressure of employers and enterprises and protects the interests of enterprises.
40 1K plan is that enterprises and employees * * * pay a certain proportion of funds into their accounts, and the funds accumulated in the accounts are mainly used for employees to receive the funds in their accounts after reaching retirement age to ensure their living standards. Different from fixed-account funds in other countries, the 40 1K account in the United States usually provides a variety of fund types for employees to choose, choose their own investment types and bear the gains or losses caused by such investments.
3. Personal savings endowment insurance system
Personal savings pension insurance system is also called personal pension plan, which is a supplementary pension plan that individuals voluntarily participate in. In other words, you are relatively free to pay, and you can determine your own payment amount according to your personal income. According to the American pension tax principle, the more you pay when you are young, you will retire at the legal retirement age and receive more pensions.
Different from the first two pension insurance systems, individual pension plans provide supplementary pensions for individuals. Its main feature is that the state provides tax incentives and individuals voluntarily set up individual retirement accounts, that is, IRA plans. This account is mainly managed by the account holder. Similarly, the funds in this account can also be used for investment to obtain income. Similarly, it is also necessary to bear all kinds of investment risks that may arise from this investment.
Second, how to achieve an account of one million?
According to incomplete statistics, as of 202 1, there are as many as 80,000 billion US dollar accounts in American pension accounts. The holders of these accounts can wait for retirement without worrying about retirement life at all, and even achieve financial freedom. So how do you make a million dollars in a pension account?
For the American pension system, its account funds can be used for financial investment and get more income. That is, although the 40 1K account is provided by the enterprise, it will also provide various financial portfolios for employees to choose to invest, and the income from their investment will also be fed back to the account for pension collection. The same IRA account is managed by individuals, and many people choose to use the account funds for various high-return investments to obtain income.
On the one hand, it is the pension paid by the state, enterprises and individuals, on the other hand, it is the investment income obtained by using the funds in the pension account to invest. Of course, if the investment is risky, we should do what we can in the investment process, and there will be no big financial risks if we choose a sound insurance investment and financial management.
Third, the significance of the pension system.
For the development of a country, whether the country's development is comprehensive or not mainly depends on whether the country's social pension system is sound or not. Different countries actively promote various social welfare guarantees and improve the pension system to maintain social stability and ensure healthy economic development. The development of American pension system also brings some reference to the development of China's pension system.
American pension account funds can be used for various portfolio fund investments. On the one hand, encourage residents to actively invest in personal pension; On the other hand, it has also promoted the development of pension funds in other sectors of society and promoted the development of social economy. Using personal funds for pension investment and savings is also conducive to developing good pension investment habits and establishing personal financial management concepts. Investing in the future is conducive to ensuring the standard of living and quality of life after retirement.
Summary:
The constantly improving pension system not only represents a country's development strength, but also the country's guarantee for the social elderly groups. The development of American social welfare security system and old-age care is obvious to all, and it is also worth learning from other countries. However, the purpose of the pension system is to meet the national development and social and economic conditions, and the best one is the one that suits one's own national conditions.
As a developing country, with the continuous development of economy, China pays more and more attention to the social security system, and actively improves the social welfare security system and pension system. Do you have any views and opinions on the American pension system?