A New Look For Your Social Security Statement
The personal Social Security statement, created to help Americans understand the Social Security benefits they might be entitled to, has been redesigned for the first time since the earnings statement began mailing to selected age groups in 1995.1
Changes on the new statement include more visual elements and plain language, as well as fact sheets tailored to the recipient’s age and earnings history.
Page one will now contain personalized estimates with a bar chart of projected monthly retirement benefits at nine different claiming ages – from age 62 to 70.
Page two will now contain short descriptions of benefit calculations and eligibility notes in addition to the year-by-year table of work earnings for any job subject to Social Security and Medicare taxes.
Checking your statement once a year for accuracy is a good idea and can provide insight into how Social Security benefits might fit into your overall financial plans for retirement.
Americans 60 and older will receive a personal Social Security statement in the mail every year if they are not currently receiving benefits. However, by signing up for a digital account via ssa.gov, Americans in any age group can view, save, and print an up-to-date version of their statement at any time.
