The new and improved social security statement

Your Guide to State, Local, Federal, Estate + International Taxation

The social security statement has been improved to assist you in making sound decisions about your financial future with clear and plain language for easier reading, use and comprehension.

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The information provided is for adults who do not yet receive benefits. It gives you a glimpse of your future benefits by using estimates of what you may receive monthly and an overview of the Social Security program. Provided with it is a record of your earnings history. Review them carefully as your benefits are tied to your past earnings. If there are any errors, you should contact SSA to have them corrected. The new statements provide instruction on how to do so.

You can view a  sample social security statement at SSA.gov. The layout is organized into sections for easy use. It includes a bar chart that identifies your benefits for up to nine different ages. That way, you can see when you would want your benefits to start. Fact sheets are provided to assist in better understanding the Social Security program and your age group accompanies with various earnings situations.

The easiest way to see your statement is to create or log-in to your personal “my Social Security” account. This account offers online services like replacing a Social Security card and more.

Do you think this could be helpful for you? Do you have more questions? Feel free to contact a Henry+Horne professional for assistance.

Cierra Tate