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Check your Social Security benefit statement often
The Social Security Administration (SSA) has been working diligently to cut expenses, and one of the methods they have used is to stop mailing Social Security statements to everyone. Estimated Benefit Statements are now mailed only to those approaching retirement age, saving the SSA about $57 million last year alone. The general American trend is much more to online activities, and Social Security is no different, offering online access to your estimated Social Security benefits, earnings records and other information, thus giving you immediate access to your benefit projections. Nevertheless, reality is that most people still don’t check their Social Security statements regularly, which could portend future problems if their current earnings aren’t accurately recorded with Social Security. As this article appearing at considerable.com points out, the best hedge against future benefit surprises is to check you Social Security statement regularly. Click here to read more.
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.