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Reading Your Social Security Statement
Posted By Miranda Marquit On 06/07/2012 @ 12:15 pm In Government,Personal Finance | 12 Comments
For years, I would receive a Social Security statement. This statement contains information about how much money you’ve earned (and contributed to the Social Security program), as well as information about your estimated benefits later on, when you can begin taking Social Security payments.
Recently, the Social Security Administration began doing away with the paper statements and started offering statements online . It’s now possible to use the Internet to get access to your Social Security statement. This is convenient, because it makes it possible to access your information anytime. You have to create an account with the site, but once that’s done, you have access to your Social Security statement, as well as access to information about taking benefits. You can even apply online for retirement and disability benefits.
For the most part, your Social Security statement is fairly basic. You need to consider your benefits, as well as review your earnings record. The two main items on your Social Security statement include:
Checking the accuracy of your statement is important. If there is something wrong, contact the Social Security Administration at 1-800-772-1213. You want to clear things up as quickly as possible. It’s much easier to fix problems now, than to try and get the full amount of benefits you are owed once retirement hits. It’s also important to clear up mistakes about how much ou have earned. While it might be nice to think that someone using your Social Security number  could result in increased benefits for you, it could also mean problems with the IRS if it looks like you haven’t been paying income tax because the person who stole your number isn’t paying those taxes.
It doesn’t take very long to review your Social Security statement. However, it’s a good idea to do so. It can alert you to identity theft, as well as help you plan for the future when it comes to a successful retirement. Read over your statement when it arrives. And, if you are able to access the statement online, you can sign up for the proper account.
(Photo: DonkeyHotey )
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 offering statements online: http://www.ssa.gov/mystatement/
 retirement benefits: http://www.bargaineering.com/articles/calculate-social-security-benefits.html
 Social Security number: http://www.bargaineering.com/articles/multiple-social-security-numbers.html
 DonkeyHotey: http://www.flickr.com/photos/donkeyhotey/5639011991/
Thank you for reading!