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Reasons to Check Your SSA Annual Statement

Verifying the information included on your annual Social Security statement is an important thing to do, and can save you a lot of difficulty later in the event there are mistakes or omissions in the information contained in the statement. For example, if a piece of your earnings information has somehow been omitted from the record, following up immediately to get it added is easier than doing it a few years down the road. And, since earnings are a key ingredient in the calculation of your benefit, such an omission could lower the amount available to you at retirement. Check out this post from The Motley Fool’s Matthew Frankel for additional guidance on this topic.

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