While many may argue contrary to our fantastic Social Security speaker whom we have had twice now Mr. Tom Clark who assures us that Social Security will always be there, many do not believe this for various reasons.
No matter your beliefs or age we highly encourage you to check your Social Security Statement and most importantly your Social Security Earnings Record.
Earnings Benefit Credit Statement
Do not be concerned if just as this example, does not show your 2020 earnings posted as of yet there have been some delays and normally this is not posted at an early time in the year anyway .
What we want to be concerned about is if there are gaps in our earnings history or a partial credit (change of employers) that should have been credited. there are many reasons that this can occur such as just a lost document in the Mail or an employer was bought out or closed and did not report your hard earned earnings period.
How Do I Find This Statement?
In 1999, the Social Security Administration mailed a paper copy to everyone every year. Budget cuts a dozen years later stopped this handy paper copy, leaving all of us to easily forget to double check our statement annually.
For the record according to the Administration folks at age 60 are supposed to receive a paper copy, but our informal poll shows a low hit ratio.
Not to worry, it is not that hard set up an account, ESPECIALLY if it is your first time.
Go to www.ssa.gov and either log into your account or create an account and pull down your statement…
Oh, keep your credentials safe … lost mine and was a huge pain getting logged back into the site!
Have a Great “Social Security Earnings History Check Reminder” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth