Social Security Survivor Benefits – The Rules
Social Security Survivor Benefits for the death a Spouse
Social Security: The Survivor Benefit, Simplified
Widows Waiting to Wed? (Re)Marriage and Economic Incentives in Social Security Widow Benefits
社會安全局 遺屬福利 在 60 歲之前再婚，您將無法領取寡婦和鰥夫的 福利。
社會安全局 遺屬福利 在 60 歲之前再婚，您將無法領取寡婦和鰥夫的 福利。
寡婦領遺夫福利 如何選擇較高金額
Survivors Planner: How Much Would Your Benefit Be? survival benefit
remarry after 60
Formula for Family Maximum Benefit 3394
$1411 / 75% = $1881
Social Security Benefit Amounts For The Surviving Spouse
rate 28.5/7 = 4.07%/year amount increase
do this if live less than this age
60 71.5% x+7 78.56 $1345
61 75.57% x+6 80.56
62 79.64% x+5 82.56
63 83.71% x+4 84.56
64 87.79% x+3 86.56
65 91.86% x+2 88.56
66 95.93% x+1 90.56
67 100.0% $1881
84.96 average life expectancy
Income exempt limit, working during retirement (Exempt Amounts Under The Earnings Test) $17640
Maximize benefit: begin at 60 or full retirement age and switch to below at 70
Survivors Planner: How Much Would Your Benefit Be? survival benefit
remarry after 60
Formula for Family Maximum Benefit 3394
$1411 / 75% = $1881
Social Security Benefit Amounts For The Surviving Spouse
rate 28.5/7 = 4.07%/year amount increase
do this if live less than this age
60 71.5% x+7 78.56 $1345
61 75.57% x+6 80.56
62 79.64% x+5 82.56
63 83.71% x+4 84.56
64 87.79% x+3 86.56
65 91.86% x+2 88.56
66 95.93% x+1 90.56
67 100.0% $1881
84.96 average life expectancy
Income exempt limit, working during retirement (Exempt Amounts Under The Earnings Test) $17640
Maximize benefit: begin at 60 or full retirement age and switch to below at 70
2024 survivor 60 $2796 67 $3911 70 $4873
self 62 $2710 67 $3911 70 $4873
===================================================
===================================================
To do:
* Living trust (not quitclaim deed)
* Life insurance, term, permanent: whole, universal, variable universal, IUL indexed universal life (level, not increasing, death benefit) to borrow, coverage, care, credit, 5-in-1, Loan (traditional or wash 0%, participating or index with interest) instead of withdraw from surrender value. Living benefits: terminal, critical, and chronic illness.
* Annuity to maximize cash flow and less estate. Best from Roth. Indexed. cash value interest rate 1% + initial 35%-47% bonus with indexed growth (participating rate, cap rate), fixed cash out rate 7%
* Long term care insurance: standalone, life insurance + rider (older) [reimbursement/indemnity $460/day per diem limit no tax], LI + 2x discount withdraw (saving), LTC + death benefit (older), annuity + LTC 2x enhancement/income until no cash value (for old people). 2 of 6 activities of daily living ADLs, bathing, dressing, eating, toileting, transferring, continence; and maybe in confinement for 60 or 90 days.
* mega backdoor Roth IRA, Mega backdoor Roth
===================================================
International Foreign Tax Credit, Foreign Earned Income Exclusion, International Streamlined filing compliance procedures
Living Trust: owner of house, beneficiary of life insurance, annuity, but not retirement plans (stretch Roth IRA to withdraw at 10th year). LT配保險信託，LT變不可撤銷信託，LT變朝代信託+私人基金會
Life insurance without estate tax, be insured 被保人，not applicant 要保人
Out-of-state triple net property 1031 step-up cost basis
Estate Planning, Living Trust, inheritance, inherit, joint tenancy with right of survivorship
Revocatible Living Trust asset management to avoid probate, Grantor 創辦人，Trustee 管理人，Beneficiary 擁有人. Trustee service law firm 0.3-0.5% in no-state tax + wealth management. split into two, how to withdraw money, executor 執行人 of other assets not in the trust, 授權人，medical power of attorney 醫療代理人，
Irrevocable living trust, California 90 years, Nevada 720 years, Delaware, Wyoming forever dynasty trust. HEMS health education maintenance support
Estate tax 2026 15Mx2, estates of decedents survived by a spouse may elect to pass any of the decedent's unused exemption to the surviving spouse. This election is made on a timely filed estate tax return for the decedent with a surviving spouse. Note that simplified valuation provisions apply for those estates without a filing requirement absent the portability election. ILIT irrevocable life insurance trust, second-to-die, joint survivorship. Estate tax is better than capital gain tax. Washington estate tax 14-20% above 3M
Retirement Planner: Benefits, Retire Early bridge with 401k (mid 2028 59½)
Delayed Retirement Credits
Medicare end of 2033, 65 yrs, limit age 63 year income to prevent IRMMA surcharge
If retired with no job before 65:
* Roth IRA conversion after retirement and before 73 years on 4/1 to prevent or minimize RMD (required minimum distribution) QLAC qualified longevity annuity contracts
* sale stocks with married filing jointly standard deduction $31k + 0% Long-term capital gain tax rate if income < $97k.
* Roth conversion until 62 to lower IRMMA
* sale California house / or keep until inheritance for step-up in cost basis to fair market value FMV
* buy a house near Seattle and move to Washington (Long-term capital gains tax 7%, deduction 270k)
* buy a house in Taipei and move to Taiwan for health insurance before Medicare
35 top earning years to get maximum benefit, 1997-end of 2031, 63 yrs old
yr pct yr past 70
start if live less than this age
------------------
62 70% x+8 74.67
63 76% x+7 76.67
64 82% x+6 78.67
65 88% x+5 80.67
66 94% x+4 82.67
67 100% x+3 80.5
68 108% x+2 82.5
69 116% x+1 84.5
70 124% x
Children health insurance until turning 26, 10/2027(58), 4/2030(61.5)
Graduate from college, 5/2023 (54), 5/2026 (57)
Leaving home, 9/2019 (50), 9/2022 (53)
CPI over the years Consumer Price Index, graph/chart
Deeds.com Transfer on Death Deed TODD poor man's trust
No comments:
Post a Comment