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Is your Social Security Benefit Amount Correct? - The Motley Fool
You should verify your Social Security earnings statement each year. Your retirement benefit is based on your 35 highest-earning years, and your earnings through age 60 have been adjusted for inflation. This means they are worth more now than when you earned them. This adjusted amount is not shown on your Social Security earnings statement, but it is based on your earnings at the time. If earnings are missing or lower than what you earned, so is your benefit.
The easiest way to confirm your earnings statement each year is to use your My Social Security Account online. If you do not have one, click here… to create your account.
If you think your benefit amount is incorrect, call Social Security and request a recomputation of your benefit amount. Have your earnings history and any new details that may affect your benefits. Call SSA at (800) 772-213 or visit your local office.
Keith Speights has written an article in The Motley Fool about three steps you can take to check if your benefit amount is correct. The SSA processes millions of payments, so unfortunately, clerical errors can occur. To read his full article, click here ….
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.