Did you know that determining whether your Social Security earnings record is correct falls squarely on your shoulders—not your current/previous employer(s) or the Social Security Administration? Accuracy is critical because your Social Security record determines your benefit amount in retirement.
Reviewing your Social Security statement annually helps safeguard one of your most important retirement assets.
Here are two compelling reasons to review your annual Social Security statement starting now, and at least once a year going forward:
What’s on Your Statement?
Your Social Security statement shows the number of work credits you’ve earned over time and provides estimates for your retirement, disability, and survivor benefits. To access your personal statement online, follow the instructions to set up your account at www.ssa.gov/myaccount/. Then, review the following sections of your statement carefully:
If you’d like to learn more about the role Social Security benefits play as part of your comprehensive retirement income strategy, or would like help determining the right time to begin taking benefits, contact the office today to schedule a time to meet.
Bellevue Financial Advisors helps women who take the lead in their family finances to live confidently, knowing that they are financially Put Together – that they are making the next right move, and are on track to turn their money into lasting wealth.
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Reasons to Review Your Social Security Statement
February 03, 2021