My Social Security Richard Connor | January 14, 2021
SOCIAL SECURITY is a crucial source of income for many retirees. But unfortunately, there’s also much confusion, because the ways benefits are calculated sure isn’t simple. Want to learn more? To get started, I’d suggest heading to the Social Security Administration’s website and creating a free “my Social Security” account.
For those currently receiving benefits, the website allows you to:
Verify your benefit payment amount
Get a replacement Social Security card Get a replacement Medicare card
Change your address and phone number
Start or change direct deposit of your benefit payment
Get a replacement SSA-1099 or SSA-1042S for tax purposes.
If you aren’t currently receiving benefits, you can:
Create, save and print your Social Security statement
Get estimates of future retirement, disability and survivors benefits
Review your earnings record
Review the estimated Social Security and Medicare taxes you’ve paid
Print a letter from the Social Security Administration (SSA) stating that you’ve never received benefits
The SSA’s site also offers a chance to get educated about Social Security generally, including:
How benefits are calculated
When you’ll reach your all-important full Social Security retirement age
How much your spouse might receive
How much of your benefit you might lose if you work while receiving Social Security
How long you can expect to live How important Social Security is to retirees
READ MORE AT THE LINK BELOW
Source: My Social Security – HumbleDollar
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