Errors in your Social Security statement can mean lower benefits
Social Security is a massive program serving about 63 million American citizens, and with a program that size errors can and do occur. A key element in determining your Social Security benefit is your lifetime earnings record, which is why you should review your Statement of Earnings annually to make sure your earnings are being correctly recorded by Social Security. And since Social Security gets your earnings information from the IRS, even a small error in your IRS records could mean incorrect earnings data when it comes to computing your benefit amount. As pointed out in this article by “Savy Senior” author Jim Miller appearing at the Transylvania (NC) Times, checking your Social Security earnings record for errors should become an annual ritual. Click here to read more.