just go to the Social Security Administration's website andcreate an account. From there, you can access your most recent earnings statement, which will not only include a summary of your wages, but contain an estimate of your retirement benefit based on your income history to date. ...
Workers age 18 and older are eligible to create amy Social Security accountand get a personalized estimate of future Social Security payments. Establishing a my Social Security account allows you to check the accuracy of your earnings andcorrect errorsso that you will receive themaximum...
the SSA will eventually discover the error and request that the money be repaid. “Next to the home, Social Security is typically a person’s largest asset headed into retirement, so it’s vitally important to make sure the math is correct,” said Paul Tyler, chief marketing officer...
told us her retirement checks had been withheld for the past two years. A former school cafeteria worker, she started receiving benefits in 2014. But four years later, she and her husband Glenn were asked to come to the local Social Security office in Virginia Be...
Matthew Romeo, CFP, AIF, is chief operating officer/wealth advisor with Everhart Advisors. Having joined the firm in 1999, hes a partner, registered principal, registered representative, and acting OSJ designee. As part of Everhart Advisors dedicated retirement plan service team, Romeo serves as ...
How can my retirement pay continue to go to my family if I die? The Survivor Benefit Plan (SBP) allows a retiree to ensure a continuous lifetime annuity for their dependents after they die. The annuity, based on a percentage of retired pay, is paid to an eligible beneficiary. Unlike som...
How to file your taxes: A step-by-step guide Even for the most confident first-time filers, doing your taxes can feel daunting. You might be wondering which way is best: Should you file on your own, use DIY software or pay a visit to a tax pro? And before that, you might even ...
How Long Does It Take to Process Social Security Retirement Benefits? Retiring is more complicated than trading business casual for T-shirts and sandals. Especially if you're going to rely on Social Security benefits, you need answers to many questions about when your benefits will kick in. Fo...
“Lots of people file for Social Security without fully understanding the consequences,” he explains. “For example, many people choose to claim Social Security before full retirement age, but later wish they had not done so.” After repaying what you received, you can claim a tax refund or...
After retirement, Social Security provides you with some income to help you pay for your living expenses. The exact amount of Social Security income you receive through monthly payments will depend on when you start toaccept Social Securityincome and what you earned during your working years. Lear...