The Social Security Administration (SSA) allows you to create a “My Social Security” account to calculate and track your Social Security Benefits! Here are four reasons to sign up today!
- Accurate records could mean higher Social Security benefits – Your my Social Security account will show the amount of money you earned each year prior to retirement, so it is a good idea to keep track of the amounts to ensure they are accurate.
- You can calculate the best age to retire – Your my Social Security account will show you the estimated amount of benefits you will receive at different ages. You can quickly find out what you will receive during early retirement, full retirement and later.
- Staying aware of your estimated Social Security benefits is a good reality check – Social Security was designed to help individuals during retirement, not to be a replacement for a retirement plan. Your my Social Security account will allow you to see the estimated payments you will receive so you can better plan for your full retirement.
- You can manage your benefits without having to wait in line at a Social Security office – If you are currently receiving retirement or disability benefits you can view and update your personal information including address and banking information as well as request a replacement Social Security Card or Medicare card. In addition, if you are a new applicant you can view the status of your application.
It’s important to get an idea now of what your estimated Social Security benefits will be so you can plan realistically for your financial future.
Opening a “my Social Security” account is the place to start tracking your earnings and managing your benefits.
Read the full article at: www.usa.gov