Comments on: How to Read Your Social Security Statement http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: packman http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-355523 packman Sat, 16 Oct 2010 17:59:42 +0000 http://www.bargaineering.com/articles/?p=5142#comment-355523 Before I retired 15 years ago, I had to request a statement from Social Security. When did it become automatic to recieve it annually??? Before I retired 15 years ago, I had to request a statement from Social Security. When did it become automatic to recieve it annually???

]]> By: centsandthecity http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328936 centsandthecity Sun, 11 Oct 2009 12:55:24 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328936 I always take a look at it when I get it, but I also assume that I won't receive anything from SS when I retire. I always take a look at it when I get it, but I also assume that I won’t receive anything from SS when I retire.

]]> By: Rob http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328636 Rob Wed, 07 Oct 2009 04:12:05 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328636 I was reading through my SS statement a couple months back. It says right there on the statement that the money will run in 2041 or 2042 (can't remember exactly). Coincidentally, this is 2-3 years before I'm eligible to receive SS benefits. I was reading through my SS statement a couple months back. It says right there on the statement that the money will run in 2041 or 2042 (can’t remember exactly). Coincidentally, this is 2-3 years before I’m eligible to receive SS benefits.

]]> By: daemondust http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328625 daemondust Tue, 06 Oct 2009 23:35:27 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328625 Exactly. I have a well developed retirement fund for someone my age (mid 20's), but it scares me to see how few of my peers do. Exactly. I have a well developed retirement fund for someone my age (mid 20′s), but it scares me to see how few of my peers do.

]]> By: Damon Day http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328619 Damon Day Tue, 06 Oct 2009 21:43:36 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328619 40 years? Something in my gut tells me not to even bother looking at the statement. The chances of receiving a benefit 40 years down the road is slim to none. I suspect the system will be completely changed by then. There is no way that the current system can sustain itself. So when the politicians run out of fancy ways to rob peter to pay paul, it is going to get interesting. 40 years? Something in my gut tells me not to even bother looking at the statement. The chances of receiving a benefit 40 years down the road is slim to none. I suspect the system will be completely changed by then. There is no way that the current system can sustain itself. So when the politicians run out of fancy ways to rob peter to pay paul, it is going to get interesting.

]]> By: Kosmo @ The Casual Observer http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328614 Kosmo @ The Casual Observer Tue, 06 Oct 2009 19:47:00 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328614 "We’re not relying on the full value of Social Security for our retirement in 40 years" Smart choice. I assume a SS payout of $0 when doing retirement planning. If there is some money, great. If not, I won't be disappointed. “We’re not relying on the full value of Social Security for our retirement in 40 years”

Smart choice. I assume a SS payout of $0 when doing retirement planning. If there is some money, great. If not, I won’t be disappointed.

]]> By: jim http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328611 jim Tue, 06 Oct 2009 16:45:40 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328611 "is the retirement benefit estimate in today’s dollars? Will that number be adjusted for inflation over time?" The estimate you see on the statement is in todays dollars. The statement doesn't have inflation adjusted figure on it. SS has annual inflation adjustment though. “is the retirement benefit estimate in today’s dollars? Will that number be adjusted for inflation over time?”

The estimate you see on the statement is in todays dollars. The statement doesn’t have inflation adjusted figure on it. SS has annual inflation adjustment though.

]]> By: Stacey http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328609 Stacey Tue, 06 Oct 2009 15:55:07 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328609 We're not relying on the full value of Social Security for our retirement in 40 years... but just out of curiousity, is the retirement benefit estimate in today's dollars? Will that number be adjusted for inflation over time? Or does the number self-inflate and self-adjust as you get salary increases? We’re not relying on the full value of Social Security for our retirement in 40 years… but just out of curiousity, is the retirement benefit estimate in today’s dollars? Will that number be adjusted for inflation over time? Or does the number self-inflate and self-adjust as you get salary increases?

]]> By: HuBu http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328602 HuBu Tue, 06 Oct 2009 15:13:37 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328602 threw mine away without even looking at it. I guess I should pay attention next time around. threw mine away without even looking at it. I guess I should pay attention next time around.

]]> By: zapeta http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328598 zapeta Tue, 06 Oct 2009 14:39:47 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328598 Its funny, I was just having a conversation about this with someone yesterday! I got my statement a couple weeks ago. I think its interesting to read over even though I don't pay in to SS as my job has a different retirement system. I'd like to eventually get a second job that pays in so I have the full number of credits and collect whatever is left by the time I retire. Its funny, I was just having a conversation about this with someone yesterday!

I got my statement a couple weeks ago. I think its interesting to read over even though I don’t pay in to SS as my job has a different retirement system. I’d like to eventually get a second job that pays in so I have the full number of credits and collect whatever is left by the time I retire.

]]> By: Patrick http://www.bargaineering.com/articles/how-to-read-your-social-security-statement.html/comment-page-1#comment-328596 Patrick Tue, 06 Oct 2009 13:42:42 +0000 http://www.bargaineering.com/articles/?p=5142#comment-328596 Great information to know. I tossed this statement aside when I last received it, but it's good to read over it to make sure everything looks good. Great information to know. I tossed this statement aside when I last received it, but it’s good to read over it to make sure everything looks good.

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