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A simple mistake that could cost you dearly
As hard as it might be for you to imagine, the Government does occasionally make mistakes (pun intended). And considering that the Social Security Administration mistakenly declares about 14,000 people dead each year, it should come as no surprise that there could also be a mistake in the earnings that the SSA has on record for you. It doesn’t actually happen very often, but if your earnings record was somehow missing a year or suffered an incorrect data entry showing you earned much less than you actually did, you could end up losing a lot of money in Social Security benefits. That’s why it’s so very important that you review your Social Security earnings record regularly and correct any errors you find. As this Motley Fool article by Maurie Backman points out, your time to correct any error is limited, so annual review should become part of your retirement planning routine. Click here to read more
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This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.