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.
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