Gen2010---# Returnee - 海归
T*R
1 楼
You should know some basic facts of america retirement benefits.
The most important one is SS, this is guranteed by US government. You pay 6
% SST every pay chec, (this is euqal to china's 养老金), then after age 67
, you can get monthly SS check from US governement( you will get partial
money after 62, or earlier if you are diabled). Normal double income chinese
family can get up to 4K+ monthly pay check from Uncle Sam.
Then some companies have their own pension plans, especially schools,
federal/local governments, hospitals, NPOs.
The 401K is the last one, it is under you control. you can cash out anytime
as long as you pay tax/penalty. even you cash out all your 401K, you still
have you pay check from Uncle Sam when you retire.
The most important one is SS, this is guranteed by US government. You pay 6
% SST every pay chec, (this is euqal to china's 养老金), then after age 67
, you can get monthly SS check from US governement( you will get partial
money after 62, or earlier if you are diabled). Normal double income chinese
family can get up to 4K+ monthly pay check from Uncle Sam.
Then some companies have their own pension plans, especially schools,
federal/local governments, hospitals, NPOs.
The 401K is the last one, it is under you control. you can cash out anytime
as long as you pay tax/penalty. even you cash out all your 401K, you still
have you pay check from Uncle Sam when you retire.