Your Social Security Statement

MICHELLE J. MCDOUGALL

December 23, 2023

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: April 10, 1982. 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

$39,724 per year until you start your benefits. Learn more at ssa.gov/benefits/retirement/learn.html .

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 $1,226. 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: $997

Spouse, if caring for a disabled child or child

younger than age 16: $997

Spouse, if benefits start at full retirement age: $1,329 Total family benefits cannot be more than: $1,994

Your spouse or minor child may be eligible for an

additional one-time death benefit of $255. Learn more at ssa.gov/survivors.

Personalized Monthly Retirement Benefit Estimates

(Depending on the Age You Start)

Age Retirement Benefits Start

Monthly Benefit Amount

62 $1,097

63 $1,187

64 $1,286

65 $1,414

66 $1,546

67 $1,679

68 $1,801

69 $1,958

70 $2,142

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-***-****) (TTY 1-877-***-****).

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. 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. We have combined your earlier years of earnings below, but you can view your complete

earnings record online with my Social Security. If you find an error, view your full earnings record online and call 1-800-***-****.

Work Year

Earnings

Taxed for

Social Security

Earnings Taxed

for Medicare

(began 1966)

1991-2000 $4,160 $4,160

2001-2005 $9,770 $9,770

2006 $1,021 $1,021

2007 $4,936 $4,936

2008 $1,585 $1,585

2009 $3,551 $3,551

2010 $0 $0

2011 $7,156 $7,156

2012 $5,447 $5,447

2013 $4,937 $4,937

2014 $2,138 $2,138

2015 $11,569 $11,569

2016 $20,263 $20,263

2017 $20,919 $20,919

2018 $30,956 $30,956

2019 $30,859 $30,859

2020 $28,240 $28,240

2021 $47,141 $47,141

2022 $39,724 $39,724

Taxes Paid

Total estimated Social Security and Medicare taxes paid over your working career based on your Earnings Record:

Social Security taxes Medicare taxes

You paid: $16,747 You paid: $3,965

Employer(s): $16,999 Employer(s): $3,965

Earnings Not Covered by Social Security

You may also have earnings from work not covered

by Social Security, where you did not pay Social

Security taxes. This work might have been for federal, state, or local government or in a foreign country. If you participate in a retirement plan or receive a pension based on work for which you did not pay Social Security tax, it could lower your benefits. Learn more at ssa.gov/gpo-wep .

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.

• 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-OL (02/23) Enclosures: Publication No. 05-10704 Retirement Ready

Fact Sheet For Workers Ages 18-48

Retirement is different for everyone

Retirement is not one-size-fits-all. Because Social Security is more than just retirement benefits, we want to provide you with the information you need to plan for and make informed decisions about your future retirement. Earnings are essential

You have probably been paying Social Security and Medicare taxes (also known as FICA taxes, or SECA taxes if you are self-employed) since you first began working. Learn more about these taxes at ssa.gov/people/materials/pdfs/EN-05-10297.pdf. Your Social Security Statement contains information about your earnings history and the Social Security and Medicare taxes you paid, and provides estimates for future retirement, disability, and survivors benefits. Use your Statement to check your earnings each year. These earnings are used to determine your eligibility for Social Security benefits and your benefit amount. If you see an error on your earnings record, report it to us. Learn how at ssa.gov/pubs/EN-05-10081.pdf . Understanding your retirement benefits

Social Security is not meant to be your only source of income 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. Your full retirement age is 67. Starting retirement benefits before your full retirement age (as early as age 62) lowers this percentage and starting benefits after your full retirement age (up to age 70) increases it. Learn more at ssa.gov/pubs/EN-05-10035.pdf.

Save for retirement

In addition to Social Security, you will likely need other savings, investments, pensions, or retirement accounts to live comfortably in retirement. Because your retirement could last 20 years or more, it is important to begin your financial planning as early as possible.

• If you have a workplace retirement plan, be sure to find out how it works so you can make the most of

it. Your employer might match some or all of your

plan contributions. If your employer does not offer a plan, there are other ways to save and invest

on your own. Learn more about how to save at

savingmatters.dol.gov/employees.htm.

• The earlier you start saving, the more time you will have to build your retirement income. For more

information on investing and saving, check out

investor.gov.

• Any amount you can save will add up over time.

You can find a savings calculator at investor.gov/ financial-tools-calculators/calculators/compound-

interest-calculator .

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 $800 for every $1,000 in benefits scheduled. Learn more at ssa.gov/ThereForMe. Benefits last as long as you live

Your Social Security benefits last as long as you live. Our Life Expectancy Calculator can provide a rough estimate of how long you might live based on your age and gender: ssa.gov/planners/lifeexpectancy.html. Unable to work due to a mental or physical disability A disability can occur at any age. If you become unable to work at a certain earnings level due to a mental or physical disability, and you meet certain eligibility requirements, you and your family 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

Social Security is here for you even before your retirement years. Children, widows, and widowers may receive survivors benefits to help them cope with the financial loss if you die. Learn more at ssa.gov/pubs/EN-05-10084.pdf. Impact of other retirement plans

Most pensions or other retirement plans do not affect your Social Security benefits. But if you participate in a retirement plan or receive a pension based on work for which you did not pay Social Security tax, it could lower your benefits. This work may have been for federal, state, or local government or in a foreign country. Learn more at ssa.gov/gpo-wep.

We are here for you

Social Security covers about 96% of American workers. To learn more about Social Security, visit ssa.gov. With you throughout life's journey

Remember that Social Security is with you throughout life's journey. Learn how at ssa.gov/people/materials/pdfs/EN-05-10233.pdf. Social Security Administration Publication No. 05-10704 May 2023 Produced and published at U.S. taxpayer expense

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