It can also be divided into supplementary security income, individual retirement account, company retirement plan (40 1K), pension, etc. According to the statistics of the US Social Security Bureau, the pension funds of Americans after retirement mainly come from the following aspects. Supplementary security income accounts for about 39% of the pension. The retirement plan of the company or government accounts for about 19% of the pension. Personal stock and securities income accounts for about 26% of pension. The income from other assets accounts for about 13% of the pension, and other income accounts for about 3% of the pension. From the above sources and proportions of American pensions, it can be seen that American pensions do not rely solely on pensions, but are combined in various ways, so they have great financial knowledge in pensions. If they don't manage their money, they will not only ignore you, but may even lose everything.
1, American supplementary security income system
People who work in any company or government department in the United States can receive social security payments from the government every month when they retire as long as they accumulate 40 points. Because everyone's income is different, the social security money they get will be different. Generally speaking, the annual income from supplementary security for retirees accounts for less than 40% of their pre-retirement income.
If a person with an annual salary of $75,000 receives social security benefits at the age of 66 and a half, how much social security benefits can he receive each month? There is a model for the calculation of American social security fund, which is calculated by monthly salary plus two calculation points. The first calculation point is $680, the second calculation point is $465,438+$000, and the monthly salary of a person with an annual salary of $75,000 is $6,250. If he retires in 2007, according to the formula, his monthly social security payment is 90% (680)+32% (4100-680)+15% (6250-4100) =10.
2. Public school teachers' pension
The calculation model of teachers' pension is similar to that of federal government civil servants' pension, that is, the percentage is multiplied by the working hours and the average salary in the last three years. In Maryland, the proportion of teachers is 2.5%. If a teacher retires after 30 years of work, his average annual salary in the last three years of work is $60,000. According to the formula, the annual pension for teachers after retirement is: 2.5%.
x 30 x 60000 =
45,000 US dollars, equivalent to 75% of the annual salary before retirement.
3. The retirement system of American civil servants.
The pension benefits of federal civil servants mainly depend on the salary level and the length of working hours. Under the federal employee retirement system, when government employees who have worked for 30 years at the age of 55, 20 years at the age of 60 and 5 years at the age of 62 retire, their pension calculation standards are basically the same. After working for 30 years and retiring at the age of 55, the annual pension of government civil servants is 1. 1% multiplied by the three-year average of the highest income. If a civil servant with an annual salary of $75,000 retires after working for 30 years, the formula for calculating his annual pension is: 75,000.
x 1. 1% x 30 =
$24,750, equivalent to 33% of pre-retirement salary. If a civil servant reaches the age of receiving full social security payment, he can receive social security payment of $23,520 per month. The total pension and social security fund is $48,270, equivalent to 64% of the annual salary before retirement. For civil servants who retire under the age of 62 and have worked for less than 20 years, the pension is 1% of the highest income multiplied by the three-year average of working years.
The pension system for employees of state governments and local governments in the United States is slightly different according to the situation of each state, but it is basically supplementary security income plus pension. The pension calculation of these civil servants is basically the same as that of the federal government employee retirement system, which is mainly based on the length of employees' working hours multiplied by a certain proportion of the highest annual salary within three to five years (1.5%-2%). For example, the average annual salary of a state government employee is $80,000, and after 30 years of work, the result is 80,000 x according to the ratio of 2%.
2% x30 = $48,000. After the government employee retires, he can receive a pension of 48,000 US dollars every year, which is equivalent to 60% of the highest salary before retirement.
4. The retirement system of American private companies.
In the past, many private companies in the United States also adopted employee welfare pension system, especially the industries organized by trade unions preferred to adopt this retirement system, and all employees' pensions were borne by employers. 1978, 4 1% employees of American private companies participated in this retirement benefit system. In 2008, the proportion of employees of private companies participating in this retirement benefit system dropped to 2 1%. At present, most private enterprises in the United States adopt a pension system.
In the investment pension system, the pension a person can get depends largely on his income. Let's look at specific examples. Retired after 30 years of accounting work. His average annual salary for 30 years is 90 thousand dollars. He joined the 40 1k retirement plan, and the employer put 3% of his annual salary into his retirement plan every year, with an annual salary of $2,700 and an annual salary of $8 1000 every 30 years. The accountant himself puts 5% of his annual salary into the retirement plan every year, which is $4,500 per year, and every 30 years1$35,000. Employers and individuals have invested $265,438+06,000 in retirement plans in the past 30 years, which is only the principal. Retirement funds accumulated in the past 30 years will be invested in the stock market or the same fund market. According to the annual rate of return of 9%, the funds in the 40 1k retirement plan will be a lot of money when you retire.
Chefs are low-paid jobs in the United States, with a median annual salary of $30 thousand. If a chef also joins the 40 1k retirement plan, the employer will invest 3% of his annual salary in his retirement plan, which is 900 dollars per year and 27,000 dollars every 30 years. The chef himself puts 5% of his annual salary into his retirement plan every year, which is $65,438+$0,500 every year and $45,000 every 30 years. Over the past 30 years, employers and individuals have invested $72,000 in retirement plans. After working for 30 years, due to different incomes, the accumulated principal of only 40 1k retirement plan will be quite different, and if the investment income is added, the difference between the two will be even greater.