[Immigration Life Guide] How Much Do You Know About Retirement Benefits in the United States?

The advanced retirement system is a major reason attracting Chinese nationals to invest and immigrate to the United States. Worldway's "Immigration Life" column will launch a series of articles related to the retirement system in the United States. In this issue, we will introduce relevant knowledge about retirement benefits in the United States for the reference of our immigrant friends in the United States:

The retirement benefits for the general public in the United States are Social Security Retirement Benefits. Individuals must pay Social Security taxes, contributing 6.20% of their income, with employers matching this amount. If self-employed, individuals must contribute 12.40%.

The normal retirement age in the United States is 66 years, but for those born after 1960, it is 67 years. To qualify for retirement benefits, one must accumulate 40 credits, with each $1,130 in income counting as one credit, but a maximum of four credits can be earned per year, requiring at least ten years of work.

Additionally, if a spouse does not work or does not meet the work duration requirement, they may still receive a small amount of retirement benefits. If a spouse passes away, the surviving spouse (who must be of retirement age) and any minor children will also receive Social Security benefits, which are not classified as retirement benefits.

[Immigration Tip] To better enjoy the international healthcare system and social retirement benefits in the United States, obtaining a legal status is crucial. The EB-5 investment immigration program in the United States is popular due to its simple application requirements and short processing time. Currently, with imminent changes to the EB-5 investment immigration policy, Worldway is launching the first-ever online group purchase event in the immigration sector in 25 years to help investors seize the last opportunity. We are pleased to present two high-quality projects that have received sample approval from the immigration bureau and are protected by the grandfathering clause from policy changes: the DLJ Four Seasons Hotel Resort Project (a project funded by the DLJ $100 billion fund that has received I-526 sample approval) and the Pennsylvania Turnpike Project (a government-backed project that has received I-924 actual project sample approval). Secure your spot for these high-quality projects unaffected by policy changes (group purchase ends on September 30). Please call 400-138-2929.

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