Please join other desi returnees and be part of community to engage in relevant discussions by following the instructions here. docs.google.com/forms/d/e/1FAIpQLSfi6V6L4Ipg6Xze_Qm1IxYEPUPCfAPBc1DzFYnNv-j6KWxjrw/viewform
Social Security benefits for retirement typically start at age 62, and early retirement benefits are only available at that age or older. However, there are other programs under Social Security, like unemployment insurance and Social Security Disability Insurance (SSDI), that might apply if you lose a job due to circumstances like health issues that prevent you from working. For general job loss without disability, you would typically rely on state unemployment benefits rather than Social Security retirement benefits. Unemployment benefits vary by state and are usually based on recent earnings. If you need more specific guidance, I can help with that too.
Thank you so much for all these superb videos…really helpful and makes lot of differences for our planning. I do have one questions. My wife is on h4 Ead and working for 4+ years whereas I’m working for 12 years. We haven’t my credit score yet. We do file taxes jointly married… do I need to check separately?? Are they considering score at the family level or at the individual level
Gald you like the content. For SS benefits, its individual level. Check for each ones contribution for eligibility and payout estimates. Feel free to share videos with others who can benefit from the content
Thanks for your valuable information. Two questions: 1. If I don't have 40 credits, can I withdraw the contributions with penalty? If I withdraw entire contributions after 62, will there be penalty? 2. After accruing 40 credits, after 62, is it possible to withdraw entire amount of our contributions at once?
You are very welcome! 1. You cant withdraw your contributions. SS works a bit different, they will pay after you qualify for SS benefits and after age 62. If you dont have 40 credits, you wont get any money. 2. No cant withdraw all your contributions.
The SSA takes into account your 35 highest-earning years to calculate your benefits. If you've only worked for 10 years, the calculation will include 25 non-working years, which will count as zeros and dramatically cut down your benefits. Is this True? So whatever it shows, the projection for the 10years thing does not hold good if you return and think it's going to be same once u reach 62? Can you give some info on this?
You can put your actual earnings in this calculator from SSA and keep "0" for non working years and see the estimated benefits yourself.www.ssa.gov/benefits/retirement/planner/AnypiaApplet.html. Hope this helps!
Thanks a lot @DesiReturn . This helps. One last query is that are there people who are already claiming this? If possible can you please make a video interviewing them as to what procedures they adopted to claim the same. Will give us lot of insight.
Thanks for taking such informative topics, will there be an impact if there break in SSA contribution. In other words, does accruing of 40 credits be continuous or there can be breakage unplanned as well.
Thank you for the feedback. 40 credits doesn’t have to be continuous. One need to accumulate 40 credits before they qualify for retirement benefits. Please share the video with others who can benefit from the content.
Its easy. Send money between checking to saving or zelle to friends to keep it active ( not going dormant). Also if you have min balance, it is fine most of the time
Based on the documents shared, a non-immigrant Indian citizens are generally not eligible to receive Social Security benefits unless they meet specific criteria, the 6-month residency rule must be observed to maintain benefit eligibility. Additionally, they are exempt from U.S. taxation on Social Security withdrawals while residing in India.
There is no need for 6 month residency rule. Please check page 7 (point 5) of the this document. www.ssa.gov/pubs/EN-05-10137.pdf?fbclid=IwZXh0bgNhZW0CMTAAAR35pSwsXl9EjAXT7FYYrM5T2TMWMGG-dkORzOfE6ugXwZkn0pdz43rR08M_aem_2slcHYapAXPhOVTWFf1hFQ. Also there are datapoints of indian citizen getting SS retirement benefits while living in India
Self employee has to pay 12,4% SS tax (employee + Employer). Min income for 1 credit is 1730 income so pay 12.4% on that and for four credits its 6920 for 2024 year.
When we say you are “outside the U.S.,” we mean you are not in one of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, the Northern Mariana Islands, or American Samoa for at least 30 days in a row. We consider you to be “outside the U.S.” until you return and stay in the U.S. for at least 30 days in a row. If you are not a U.S. citizen, you also may have to prove you were lawfully present in the U.S. for that 30-day period. Indian citizen moved to India must visit US to claim benefits?
Hi- I'm planning to get back to India in 2 years from now (at the age of 55). I earned 40 points long time ago. Would I be eligible to avail the SSN Benefits at this age?
Depending on citizenship of the person as US have certain treaties/agreements. Checkout out the pdf document link provided in the description for more details
This is a Great topic! Has anyone here successfully claimed SSN payments on returning to India after 62 (someone that is NOT a US citizen)? As far as I knew India does not have any Social Security pact with US (someone far)…
SS can be taken at 62(70%) or 67 (100%) or 70 (130%) years of age. SS cannot be delayed beyond 70 even if one continues to work. Please update correctly
It showing “There are no earning on your record” even though i am working since 5 years and I have the annual amount eligibility. Any help why it’s not showing
Please join other desi returnees and be part of community to engage in relevant discussions by following the instructions here. docs.google.com/forms/d/e/1FAIpQLSfi6V6L4Ipg6Xze_Qm1IxYEPUPCfAPBc1DzFYnNv-j6KWxjrw/viewform
Several hours of research work in 10 mins. Thank you.!
Thank You!!!
Thank you for the valuable information..! Looking forward for the video on ssa disability benefits..!!!
Great that you liked the content. Stay tuned!
Thq Avinash making this , helpfull to people like me
Glad the video was helpful. Please feel free to share with others who can benefit from the content. 🙏
Social Security benefits for retirement typically start at age 62, and early retirement benefits are only available at that age or older. However, there are other programs under Social Security, like unemployment insurance and Social Security Disability Insurance (SSDI), that might apply if you lose a job due to circumstances like health issues that prevent you from working.
For general job loss without disability, you would typically rely on state unemployment benefits rather than Social Security retirement benefits. Unemployment benefits vary by state and are usually based on recent earnings. If you need more specific guidance, I can help with that too.
Thanks
Also important to get benefits verification letter periodically, so that you know no one else has claimed benefits in your name
Good point. Thanks
Thank you so much for all these superb videos…really helpful and makes lot of differences for our planning. I do have one questions. My wife is on h4 Ead and working for 4+ years whereas I’m working for 12 years. We haven’t my credit score yet. We do file taxes jointly married… do I need to check separately?? Are they considering score at the family level or at the individual level
Gald you like the content. For SS benefits, its individual level. Check for each ones contribution for eligibility and payout estimates. Feel free to share videos with others who can benefit from the content
Great video a lot of new information
Questions if I am on f1 visa and earn more than 1700 am I qualified for credits ?
Thank you. Are you paying SS tax each pay check and file the right tax returns, you will be good.
Very informative thanks a lot
Glad you liked it. Please feel free to share with others who can benefit from the content
Thanks for your valuable information.
Two questions:
1. If I don't have 40 credits, can I withdraw the contributions with penalty? If I withdraw entire contributions after 62, will there be penalty?
2. After accruing 40 credits, after 62, is it possible to withdraw entire amount of our contributions at once?
You are very welcome!
1. You cant withdraw your contributions. SS works a bit different, they will pay after you qualify for SS benefits and after age 62. If you dont have 40 credits, you wont get any money.
2. No cant withdraw all your contributions.
The SSA takes into account your 35 highest-earning years to calculate your benefits. If you've only worked for 10 years, the calculation will include 25 non-working years, which will count as zeros and dramatically cut down your benefits.
Is this True? So whatever it shows, the projection for the 10years thing does not hold good if you return and think it's going to be same once u reach 62? Can you give some info on this?
You can put your actual earnings in this calculator from SSA and keep "0" for non working years and see the estimated benefits yourself.www.ssa.gov/benefits/retirement/planner/AnypiaApplet.html. Hope this helps!
Thanks a lot @DesiReturn . This helps. One last query is that are there people who are already claiming this? If possible can you please make a video interviewing them as to what procedures they adopted to claim the same. Will give us lot of insight.
Thanks for taking such informative topics, will there be an impact if there break in SSA contribution. In other words, does accruing of 40 credits be continuous or there can be breakage unplanned as well.
Thank you for the feedback. 40 credits doesn’t have to be continuous. One need to accumulate 40 credits before they qualify for retirement benefits. Please share the video with others who can benefit from the content.
If u leave usa. How to maintain bank account. If no money n direct deposit goes. Bank charge huge amounts for maintenance.
Its easy. Send money between checking to saving or zelle to friends to keep it active ( not going dormant). Also if you have min balance, it is fine most of the time
One question? Once you start receiving your social security is there any age where you run out social security?
One will receive untill they die. Unless SS funds are depleted or anything changes
Based on the documents shared, a non-immigrant Indian citizens are generally not eligible to receive Social Security benefits unless they meet specific criteria, the 6-month residency rule must be observed to maintain benefit eligibility. Additionally, they are exempt from U.S. taxation on Social Security withdrawals while residing in India.
There is no need for 6 month residency rule. Please check page 7 (point 5) of the this document. www.ssa.gov/pubs/EN-05-10137.pdf?fbclid=IwZXh0bgNhZW0CMTAAAR35pSwsXl9EjAXT7FYYrM5T2TMWMGG-dkORzOfE6ugXwZkn0pdz43rR08M_aem_2slcHYapAXPhOVTWFf1hFQ. Also there are datapoints of indian citizen getting SS retirement benefits while living in India
This is graat
Thank you!!
For H4 EAD- self employee how
Much minimum he/ she has to pay tax per year to get eligible for SSA?
Self employee has to pay 12,4% SS tax (employee + Employer). Min income for 1 credit is 1730 income so pay 12.4% on that and for four credits its 6920 for 2024 year.
When we say you are “outside the U.S.,”
we mean you are not in one of the 50
states, the District of Columbia, Puerto
Rico, the U.S. Virgin Islands, Guam, the
Northern Mariana Islands, or American
Samoa for at least 30 days in a row. We
consider you to be “outside the U.S.”
until you return and stay in the U.S. for
at least 30 days in a row. If you are not a
U.S. citizen, you also may have to prove
you were lawfully present in the U.S. for
that 30-day period. Indian citizen moved to India must visit US to claim benefits?
As mentioned in FAQ, Indian citizens are not required to visit US to claim benefits.
Hi- I'm planning to get back to India in 2 years from now (at the age of 55). I earned 40 points long time ago. Would I be eligible to avail the SSN Benefits at this age?
SS retirement benefits are available only after age 62 only
Are the non-immigrants with more than 40 credits eligible for SSN?
Depending on citizenship of the person as US have certain treaties/agreements. Checkout out the pdf document link provided in the description for more details
This is a Great topic! Has anyone here successfully claimed SSN payments on returning to India after 62 (someone that is NOT a US citizen)? As far as I knew India does not have any Social Security pact with US (someone far)…
Thanks. Yes someone mentioned that they are getting benefits and the person was 67 years old ( non USC). I will let other chime in with any datapoints
Donyou knwo any case where an Indian citizen living is abel to draw SSA benefits. I thought after 6 months the benefits stop if you are not in US
Yes someone mentioned in the forum that they started the process in 2023 and been getting benefits ( non Usc living in India)
IF U HAVE green card and return back to INDIA then there are The US Exit Tax, or Expatriation Tax to pay. (not applicable for H1s or other VISAs)
As of now only when someone renounces USC, there is EXIT tax. Its not true that when GC leaves US there is an EXIT tax.
@@DesiReturn EXIT tax is for GC holders also. Pl recheck!
SS can be taken at 62(70%) or 67 (100%) or 70 (130%) years of age. SS cannot be delayed beyond 70 even if one continues to work. Please update correctly
You can delay taking SS retirement benefits past 70 but there is no increase in payment so practically not advantage of delaying past 70
can i come to USA at age 62 and withdraw the balance ? so i need to come to US to withdraw
You can’t withdraw balance after 62. You are eligible to get benefits and you need to apply for it and govt will send the payments accordingly
It showing “There are no earning on your record” even though i am working since 5 years and I have the annual amount eligibility. Any help why it’s not showing
Did you receive any annual email statement about your earnings and contributions? If you dont see it, please contact SS office and get that addressed
I didn’t received . May be is it because of I changed the address ?
Anyway followup with Ss office