Social Security Retirement Savings Publication

--- ## Page 1 ### Saving for retirement Social Security is not meant to be your only source of income in retirement. You will likely need other savings, investments, pensions, or retirement accounts to live comfortably in retirement. On average, Social Security will replace about 40% of your annual pre-retirement earnings, although this can vary based on each person's circumstances. There are many ways to save for retirement. Here are some things to consider. - Contribute to retirement accounts such as 401(k)s and Individual Retirement Accounts (IRAs). - Take advantage of "catch-up" rules that let workers age 50 and older contribute an extra amount annually to a 401(k) and an IRA. - Keep in mind that if you withdraw from or cash out your 401(k) or IRA before age 59½, you will usually pay an early withdrawal penalty. Learn more about how to save at **savingmatters.dol.gov/employees.htm#7**. ### Social Security will be there when you retire The Social Security taxes you pay go into the Social Security Trust Funds that are used to pay benefits to current beneficiaries. The Social Security Board of Trustees estimates that, based on current law, the Trust Funds will be able to pay benefits in full and on time until 2034. In 2034, Social Security would still be able to pay about $810 for every $1,000 in benefits scheduled. Learn more at **ssa.gov/ThereForMe**. ### Unable to work due to a mental or physical disability A disability can occur at any age. If you are unable to work at a certain earnings level due to a mental or physical disability, and if you meet certain eligibility requirements, you may be able to receive Social Security disability benefits. Learn more about disability benefits at **ssa.gov/disability**. The Supplemental Security Income (SSI) program pays benefits to adults and children with disabilities who have limited income and resources. Learn more about SSI at **ssa.gov/benefits/ssi/**. ### Benefits for family members Your family, including your spouse, former spouses, and dependent children, may qualify for benefits on your record. Find out more about benefits for your family at **ssa.gov/benefits/retirement/planner/applying7.html**. Your family may also be eligible for survivors benefits. If you are the higher earning spouse, your decision on when to claim benefits can affect the benefits of your surviving spouse. Find out more about survivors benefits at **ssa.gov/planners/survivors**. ### Benefits as a spouse If you are married, divorced, or widowed, you may be eligible for higher benefits on your spouse's record. When you apply for either retirement or spousal benefits, you may be required to apply for both benefits at the same time. Learn more at **ssa.gov/pubs/EN-05-10035.pdf**. ### We are here for you Social Security covers about 96% of American workers. To learn more about Social Security, visit **ssa.gov**. --- **Securing today and tomorrow** ### When you're retirement ready... The easiest and most convenient way to apply for retirement benefits is at **ssa.gov/applyforbenefits**. --- Social Security Administration | Publication No. 05-10707 | July 2025 | Produced and published at U.S. taxpayer expense --- ## Page 2 ### Retirement Ready **Fact Sheet For Workers Ages 49-60** **ssa.gov** ### Retirement is different for everyone Retirement means different things to different people. Because retirement is not one-size-fits-all, we want to provide you with the information you need to plan for retirement and to make informed decisions. ### Earnings are essential Your earnings are used to determine your eligibility for Social Security benefits and your benefit amount. Use your **Social Security Statement** to check your earnings each year. If you see an error on your earnings record, report it to us. Learn how at ssa.gov/pubs/EN-05-10081.pdf. ### You will soon have choices to make Once you turn 62, you will have important decisions to make about work and your Social Security retirement benefits. You can continue to work, apply for benefits, do both, or do neither. Each choice comes with important considerations for you and your family. Learn about them at ssa.gov/benefits/retirement/matrix.html. | Retirement Choices | Continue Working | Stop Working | |:---|:---|:---| | Claim Benefits | Option A | Option B | | Not Claim Benefits | Option C | Option D | ### Benefits last as long as you live Your benefits last as long as you live. Your full retirement age is 67. Taking benefits before your full retirement age (as early as age 62) lowers the amount you get each month for the rest of your life. Delaying benefits past your full retirement age (up to age 70) increases the monthly amount for the rest of your life. Our Life Expectancy Calculator can make a rough estimate of how long you might live based on your age and sex: ssa.gov/planners/lifeexpectancy.html. ### Working while getting benefits If you get retirement benefits but want to continue to work, you can. However, depending on how much you earn before full retirement age, we might temporarily withhold some or all of your benefit amount. When you reach full retirement age, we will recalculate your benefit amount to give you credit for the months we reduced or withheld benefits due to your excess earnings. Any earnings after you reach your full retirement age won't reduce your benefits. Learn more at ssa.gov/pubs/EN-05-10069.pdf. ### Work may boost your benefits Your earnings can increase your monthly benefit amount — even after you start receiving benefits. Each year, we check your earnings record. If your latest year of earnings turns out to be one of your highest 35 years, we will automatically recalculate your benefit amount and pay you any increase due. You can get additional estimates based on what you think your future earnings will be with the **my** Social Security Retirement Calculator at myaccount.ssa.gov. ### Some benefits are taxed You may have to pay federal income taxes on a portion of your Social Security benefits if your total income is above a certain amount. Learn more at ssa.gov/planners/taxes.html. --- ## Page 3 ### Earnings Record Review your earnings history below to ensure it is accurate because we base your future benefits on our record of your earnings. There's a limit to the amount of earnings you pay Social Security taxes on each year. Earnings above the limit do not appear on your earnings record. If you find an error, let us know by visiting **myaccount.ssa.gov** or calling **1-800-772-1213**. | Work Year | Earnings Taxed for Social Security | Earnings Taxed for Medicare (began 1966) | |-----------|-----------------------------------|------------------------------------------| | 2013 | $103,231 | $103,231 | | 2014 | $117,000 | $1,499,699 | | 2015 | $118,500 | $1,187,795 | | 2016 | $118,500 | $1,299,782 | | 2017 | $127,200 | $352,977 | | 2018 | $128,400 | $443,888 | | 2019 | $132,900 | $381,367 | | 2020 | $0 | $0 | | 2021 | $0 | $0 | | 2022 | $147,000 | $315,933 | | 2023 | $10,000 | $10,000 | | 2024 | $168,600 | $190,860 | ### Taxes Paid Total estimated Social Security and Medicare taxes paid over your working career based on your Earnings Record: **Social Security taxes** - You paid: $72,620 - Employer(s): $79,967 **Medicare taxes** - You paid: $83,886 - Employer(s): $83,886 --- ### Important Things to Know about Your Social Security Benefits - Social Security benefits are not intended to be your only source of retirement income. You may need other savings, investments, pensions, or retirement accounts to make sure you have enough money when you retire. - You need at least 10 years of work (40 credits) to qualify for retirement benefits. The amount of your benefit is based on your highest 35 years of earnings. If you have fewer than 35 years of earnings, years without work count as 0 and may reduce your benefit amount. - To keep up with inflation, benefits are adjusted through "cost of living adjustments." - If you get retirement or disability benefits, your spouse and children may qualify for benefits. - When you apply for either retirement or spousal benefits, you may be required to apply for both benefits at the same time. - The age you claim benefits will affect your surviving spouse's benefit amount. For example, claiming benefits after your full retirement age may increase the Spouse, if benefits start at full retirement age amount on page 1; claiming early may reduce it. - If you and your spouse both work, use the my Social Security Retirement Calculator to estimate spousal benefits. - If you are divorced and were married for 10 years, you may be able to claim benefits on your ex-spouse's record. If your ex-spouse receives benefits on your record, that does not affect your or your current spouse's benefit amounts. - If you receive a pension from earnings not covered by Social Security, your benefits may have been reduced prior to January 2024. The Social Security Fairness Act ended the Windfall Elimination Provision and Government Pension Offset. Learn more at ssa.gov/benefits/retirement/social-security-fairness-act.html. - Learn more about benefits for you and your family at ssa.gov/benefits/retirement/planner/applying7.html. - When you are ready to apply, visit ssa.gov/benefits/retirement/apply.html - The Statement is updated annually. It is available online, or by mail upon request. --- **SSA.gov** | Follow us on social media ssa.gov/socialmedia Form SSA-7005-SM-SI (04/25) | Enclosures: Publication No. 05-10707 --- ## Page 4 The user wants me to transcribe ALL visible text on this Social Security Statement page as clean markdown. I need to be thorough and capture every piece of text, including headers, body text, numbers, and fine print. Let me go through the document systematically: 1. Top banner text about online account 2. Social Security Administration logo/header 3. Document title 4. Website 5. Barcode and numbers 6. Date 7. Personal information (name, address) 8. Right side tracking numbers 9. Retirement Benefits section 10. Personalized Monthly Retirement Benefit Estimates chart 11. Disability Benefits section 12. Survivors Benefits section 13. Medicare section 14. Footer text about current law Let me carefully read each section: **Top section:** "Your Statement and other planning tools are available online anytime with a my Social Security account, and it's easier than ever to sign up." "myaccount.ssa.gov" **Header:** Social Security Administration seal "Your Social Security Statement" "ssa.gov" **Date:** "December 29, 2025" **Barcode area:** "P0205-1-0076749 1229 00076749 1 AB 0.641 P5 T200" "JOHAN JONGSMA" "851 BRIGHTWATERS BLVD NE" "ST PETERSBURG FL 33704-3719" **Right side vertical text:** "*P201RNZ75006411 * CCM.PRS.M11.PG5EJ.P251229 000000000 002601051408394800333704371951" **Retirement Benefits box:** "Retirement Benefits You have earned enough credits to qualify for retirement benefits. To qualify for benefits, you earn credits through your work - up to four each year. Your full retirement age is 67, based on your date of birth: March 25, 1965. As shown in the chart, you can start your benefits at any time between ages 62 and 70. For each month you wait to start your benefits, your monthly benefit will be higher—for the rest of your life. These personalized estimates are based on your earnings to date and assume you continue to earn $168,600 per year until you start your benefits. Learn more at ssa.gov/benefits/retirement/learn.html" **Personalized Monthly Retirement Benefit Estimates chart:** Title: "Personalized Monthly Retirement Benefit Estimates (Depending on the Age You Start)" Left side vertical text: "Age You Start Retirement Benefits" Chart shows: - 62: $1,531 - 63: $1,727 - 64: $1,945 - 65: $2,219 - 66: $2,509 - 67: $2,817 - 68: $3,142 - 69: $3,525 - 70: $3,971 Bottom: "Monthly Benefit Amount" **Disability Benefits box:** "Disability Benefits You have earned enough credits to qualify for disability benefits. If you became disabled right now and you have enough recent work, your monthly payment would be about $1,956. Learn more at ssa.gov/disability" **Survivors Benefits box:** "Survivors Benefits You have earned enough credits for your eligible family members to receive survivors benefits. If you die this year, members of your family who may qualify for monthly benefits include: Minor child: $1,572 Spouse, if caring for a disabled child or child younger than age 16: $1,572 Spouse, if benefits start at full retirement age: $2,096 Total family benefits cannot be more than: $3,737 Your spouse or minor child may be eligible for an additional one-time death benefit of $255. Learn more at ssa.gov/survivors" **Medicare box:** "Medicare You have enough credits to qualify for Medicare at age 65. Medicare is the federal health insurance program for people: • age 65 and older, • under 65 with certain disabilities, and • of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant). Even if you do not retire at age 65, you may need to sign up for Medicare within 3 months of your 65th birthday to avoid a lifetime late enrollment penalty. Special rules may apply if you are covered by certain group health plans through work. For more information about Medicare, visit medicare.gov or ssa.gov/medicareor call 1-800-MEDICARE (1-800-633-4227) (TTY 1-877-486-2048)." **Footer:** "We base benefit estimates on current law, which Congress has revised before and may revise again to address needed changes. Learn more about Social Security's future at ssa.gov/ThereForMe." **QR code at bottom right.** Now I need to format this properly with markdown. The user wants: - ### for sections - **bold** for labels - markdown tables for tabular data - bullets for lists - Preserve all numbers, dates, and values exactly as shown Let me structure this: First, the top banner. Then the header with the SSA logo represented as text. Then the personal info section. Then the three main benefit sections (Retirement, Disability, Survivors) on the left and the chart and Medicare on the right. Since this is a single page, I need to represent the layout as best as possible. The Retirement Benefits box is on the left, the chart is on the right. Below that, Disability is on the left, and the chart continues or Medicare is on the right? Looking at the image: Top left: Retirement Benefits Top right: Personalized Monthly Retirement Benefit Estimates chart Middle left: Disability Benefits Middle right: (continues the chart above, then below the chart is Medicare) Bottom left: Survivors Benefits Bottom right: Medicare (continued or full box) Actually, looking more carefully: - Retirement Benefits (left) - Personalized chart (right) Then below: - Disability Benefits (left) - Medicare (right) Then below: - Survivors Benefits (left) - (Medicare continues on right or is separate) Actually, from the layout, it looks like: Row 1: Retirement Benefits | Chart Row 2: Disability Benefits | Medicare Row 3: Survivors Benefits | Medicare (or part of it) Wait, looking at the image again - the Medicare box is on the right side and appears to be positioned to the right of the Survivors Benefits box, or spanning multiple rows. Actually, it looks like the Medicare box is to the right of the Survivors Benefits box. Let me look more carefully. The Retirement Benefits box is top left. The chart is top right. Below Retirement Benefits is Disability Benefits (left). Below that is Survivors Benefits (left). On the right side, below the chart is the Medicare box. So: [Retirement Benefits] [Chart] [Disability Benefits] [Medicare] [Survivors Benefits] [Medicare - same box] Actually, no - the Medicare box is one box that appears to be to the right of the Disability and Survivors sections, or it's below the chart. Looking at the lines, the Medicare box is positioned to the right of the Survivors Benefits box and below the chart. The chart takes up the space above Medicare. Let me transcribe everything in order, perhaps grouping by sections with ### headers. Actually, the user wants me to "Transcribe ALL visible text on this page as clean markdown." So I should present it in a logical order, preserving the content exactly. Let me write it out: --- Your Statement and other planning tools are available online anytime with a my Social Security account, and it's easier than ever to sign up. myaccount.ssa.gov ### Your Social Security Statement ssa.gov December 29, 2025 P0205-1-0076749 1229 00076749 1 AB 0.641 P5 T200 **JOHAN JONGSMA** 851 BRIGHTWATERS BLVD NE ST PETERSBURG FL 33704-3719 Then the two columns of content. Since markdown doesn't do complex layouts easily, I'll present the sections in order, perhaps noting the layout. Actually, looking at the SSA statement format, I should try to preserve the structure. But the user wants clean markdown, so I'll use headers for the main sections. Let me do: ### Retirement Benefits [text] ### Personalized Monthly Retirement Benefit Estimates [table] ### Disability Benefits [text] ### Survivors Benefits [text with amounts] ### Medicare [text] And the footer. Actually, the Survivors Benefits and Medicare appear side by side in the original, but in markdown I can just present them as separate sections. Let me be very careful with the numbers in the chart: Age 62: $1,531 Age 63: $1,727 Age 64: $1,945 Age 65: $2,219 Age 66: $2,509 Age 67: $2,817 Age 68: $3,142 Age 69: $3,525 Age 70: $3,971 And the vertical text on the left of the chart says "Age You Start Retirement Benefits" For the Survivors Benefits, the amounts are: Minor child: $1,572 Spouse, if caring for a disabled child or child younger than age 16: $1,572 Spouse, if benefits start at full retirement age: $2,096 Total family benefits cannot be more than: $3,737 Additional one-time death benefit: $255 For Disability: $1,956 Retirement benefits assume earning $168,600 per year. Full retirement age is 67. Date of birth: March 25, 1965. Now let me format this properly. Wait, I need to check the exact text in the Retirement Benefits section again. It says: "For each month you wait to start your benefits, your monthly benefit will be higher—for the rest of your life." Note the em-dash or hyphen: "higher—for" And the URL: ssa.gov/benefits/retirement/learn.html For Disability: ssa.gov/disability For Survivors: ssa.gov/survivors For Medicare: medicare.gov or ssa.gov/medicare (wait, it says "ssa.gov/medicareor" - looks like a typo in the original or missing space. Let me check: "ssa.gov/medicareor call" - yes, it appears to be "medicareor" without space, or it's "medicare or". Looking at the image, it says: "visit medicare.gov or ssa.gov/medicareor call 1-800-". Actually, looking closer: "ssa.gov/medicareor" - this might be "ssa.gov/medicare or" with the space in the wrong place. Let me check the image text again. "For more information about Medicare, visit medicare.gov or ssa.gov/medicareor call 1-800-" Actually, it looks like it might be "ssa.gov/medicare" and then "or" on the next line or just "medicareor". But I should transcribe exactly what I see. It appears to be "ssa.gov/medicareor" which is likely a formatting error in the original, but I need to transcribe it as is, or try to see if there's a space. Looking at the image, it says: "visit medicare.gov or ssa.gov/medicareor call" Actually, I think it's: "visit medicare.gov or ssa.gov/medicare or call" But the spacing in the image is tight. Let me assume the text is: "ssa.gov/medicare or" Wait, looking at standard SSA statements, it's usually "ssa.gov/medicare". Let me look at the text in the box: "medicare.gov or ssa.gov/medicareor call" I think the most accurate transcription is to put what is visible. It looks like "medicareor" might be one word in the image, or there's no space. But to be safe, I'll check the actual PDF or image logic. Since the user says "Preserve all numbers, dates, and values exactly as shown", I should preserve the text exactly. Actually, looking at the crop, I can see: "ssa.gov/medicareor" - it appears to be all one word or missing a space. But context suggests it should be "medicare or". However, I will transcribe it as "ssa.gov/medicare or" if I can see a space, or "ssa.gov/medicareor" if I can't. Let me look one more time at the text: "visit medicare.gov or ssa.gov/medicareor call" Hmm, actually, standard text on SSA statements is: "visit medicare.gov or ssa.gov/medicare or call 1-800-MEDICARE" But the image quality might make it hard to see. I'll look for the exact string. Since the instruction is to preserve exactly, I'll write what appears to be there. But to be helpful and accurate, I think the space is just before "or", making it "ssa.gov/medicare or call". Let me check the phone numbers: 1-800-MEDICARE (1-800-633-4227) (TTY 1-877-486-2048). Alright, let me write the full transcription now. One more thing: the vertical text on the right side of the page (the long string of numbers). This appears to be a tracking code or document ID printed vertically. I should include it. Vertical text on right: "*P201RNZ75006411 * CCM.PRS.M11.PG5EJ.P251229 000000000 002601051408394800333704371951" Actually, looking at the image, there's a vertical string along the right edge. Let me read it: "*P201RNZ75006411* CCM.PRS.M11.PG5EJ.P251229 000000000 002601051408394800333704371951" And at the top right, there's a smaller text: "Your Statement and other planning..." no that's in the bubble. Wait, the vertical text is on the far right. Let me transcribe it exactly. Also, the barcode has text above it: the barcode itself is an image, but the text below is: "P0205-1-0076749 1229 00076749 1 AB 0.641 P5 T200" Alright, here's my full transcription: --- Your Statement and other planning tools are available online anytime with a my Social Security account, and it's easier than ever to sign up. myaccount.ssa.gov ### Your Social Security Statement ssa.gov December 29, 2025 P0205-1-0076749 1229 00076749 1 AB 0.641 P5 T200 **JOHAN JONGSMA** 851 BRIGHTWATERS BLVD NE ST PETERSBURG FL 33704-3719 --- ### Retirement Benefits You have earned enough credits to qualify for retirement benefits. To qualify for benefits, you earn credits through your work - up to four each year. Your full retirement age is **67**, based on your date of birth: **March 25, 1965**. As shown in the chart, you can start your benefits at any time between ages **62** and **70**. For each month you wait to start your benefits, your monthly benefit will be higher—for the rest of your life. These personalized estimates are based on your earnings to date and assume you continue to earn **$168,600** per year until you start your benefits. Learn more at ssa.gov/benefits/retirement/learn.html --- ### Personalized Monthly Retirement Benefit Estimates (Depending on the Age You Start) | Age You Start Retirement Benefits | Monthly Benefit Amount | |:---:|:---:| | 62 | $1,531 | | 63 | $1,727 | | 64 | $1,945 | | 65 | $2,219 | | 66 | $2,509 | | 67 | $2,817 | | 68 | $3,142 | | 69 | $3,525 | | 70 | $3,971 | --- ### Disability Benefits You have earned enough credits to qualify for disability benefits. If you became disabled right now and you have enough recent work, your monthly payment would be about **$1,956**. Learn more at ssa.gov/disability --- ### Survivors Benefits You have earned enough credits for your eligible family members to receive survivors benefits. If you die this year, members of your family who may qualify for monthly benefits include: - **Minor child:** $1,572 - **Spouse, if caring for a disabled child or child younger than age 16:** $1,572 - **Spouse, if benefits start at full retirement age:** $2,096 - **Total family benefits cannot be more than:** $3,737 Your spouse or minor child may be eligible for an additional one-time death benefit of **$255**. Learn more at ssa.gov/survivors --- ### Medicare You have enough credits to qualify for Medicare at age 65. Medicare is the federal health insurance program for people: - age 65 and older, - under 65 with certain disabilities, and - of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant). Even if you do not retire at age 65, you may need to sign up for Medicare within 3 months of your 65th birthday to avoid a lifetime late enrollment penalty. Special rules may apply if you are covered by certain group health plans through work. For more information about Medicare, visit medicare.gov or ssa.gov/medicare or call 1-800-MEDICARE (1-800-633-4227) (TTY 1-877-486-2048). --- We base benefit estimates on current law, which Congress has revised before and may revise again to address needed changes. Learn more about Social Security's future at ssa.gov/ThereForMe. --- *P201RNZ75006411* CCM.PRS.M11.PG5EJ.P251229 000000000 002601051408394800333704371951 --- Wait, I need to check the exact format of the vertical text. It appears at the very right edge. Also, I need to check if there are any asterisks. Looking at the image again, the vertical text on the right edge reads: "*P201RNZ75006411 * CCM.PRS.M11.PG5EJ.P251229 000000000 002601051408394800333704371951" Actually, the first part might be "*P201RNZ75006411*" with asterisks at both ends. Let me include it as shown. Also, I should note that the address has "NE" which is part of the street address. Let me double check the retirement benefit amounts one more time: - 62: $1,531 - 63: $1,727 - 64: $1,945