This week, Craig Siminski, of CMS Retirement Income Planning, shares an article discussing some of the key information provided on a personalized Social Security Statement:
The Social Security Administration (SSA) provides personalized Social Security Statements to help Americans age 18 and older better understand the benefits that Social Security offers. Your Statement contains a detailed record of your earnings and estimates of retirement, disability, and survivor benefits — information that can help you plan for your financial future.
You can view your Social Security Statement online at any time by creating a my Social Security account at the SSA’s website, ssa.gov/myaccount. If you’re not registered for an online account and are not yet receiving benefits, you’ll receive a Statement in the mail every year, starting at age 60.
Your Social Security Statement tells you whether you’ve earned enough credits by working and paying Social Security taxes to qualify for retirement and disability benefits and, if you qualify, how much you might receive. Generally, retirement benefits are projected for up to nine claiming ages, including full (ages 66 to 67), early (age 62), and late (age 70). If you qualify, you can also see the benefit amount your survivors might receive in the event of your death.
The amounts listed are estimates based on your average earnings in the past and a projection of future earnings. Actual benefits you receive may be…
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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 23 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.
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