Did you know that the Social Security Administration stopped mailing paper Social Security statements to everyone under age 60 in 2017?
Hello, I’m John Grande, the Wisconsin Region Executive for Old National Wealth Management, and I’d like to help you maximize your retirement benefits through Social Security.
It’s true. Statements stopped coming in the mail in 2017. So how are you supposed to know what your benefits are without having to stand in line at the Social Security office?
Well now you can create an on-line account at ssa.gov.
There you will be able to:
- Request a Social Security card
- Apply for benefits
- Find out if you qualify or estimate benefits
- You will also be able to get a copy of your Social Security statement.
Why is it important to review your Social Security statement?
Well first of all, if you are thinking about retirement or concerned about benefit eligibility for yourself or a family member, your Social Security statement tells you about how much you or your family would receive in disability, survivor, or retirement benefits.
It also includes a record of your lifetime earnings. Regularly reviewing your Social Security earnings record could make a big difference when it’s time to collect your retirement benefits.
If an employer did not properly report just one year of your work earnings, your future benefit payments from Social Security could be less than they should be. Over the course of a lifetime, that could cost you tens of thousands of dollars in retirement or other benefits to which you are entitled. Don’t wait. You’ll want to report any mistakes immediately.
So…here’s how you can set up your online account:
- First, you must be age 18 or older
- Have a valid email address
- A valid Social Security number
- and a US mailing address
Then, go online to www.ssa.gov and click on the My Social Security Icon.
It’s that easy.
Thanks for watching and I hope this information helps you reach your financial goals.
Copyright © 2019 Old National Wealth Management - The material contained in this report may not be copied, reproduced, republished, posted, transmitted or otherwise distributed without prior written permission.
Investment instruments utilized by Old National Wealth Management are not FDIC insured, are not deposits or other obligations of Old National Wealth Management, Old National Bank, its parent company or affiliates, and involve investment risk including the possible loss of principal invested.
Investment and securities information presented herein is unique to Old National Wealth Management's approach to investment management. All information and opinions have been obtained from sources believed to be reliable and current at the time of publication, but are not guaranteed and do not claim to be a complete statement of all material factors. Examples or other representations made herein are for illustrative purposes and are not intended to be specific legal, tax, or investment advice and do not represent a solicitation.
Investments and strategies that may be presented may not be suitable for all investors. Old National Wealth Management Client Advisors and Portfolio Managers will work with interested parties to execute plans developed in consultation with their attorney or tax advisor.
The comments, views and opinions expressed herein are those of the author and Old National Wealth Management. From time-to-time, Old National Bancorp affiliates may issue reports or have opinions that are inconsistent with, and reach different conclusions from, this report. Old National Bancorp and its affiliates do not accept any liability for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.