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5 Reasons to have a My Social Security Account

Signing up for a my Social Security account takes all of the hassle out of getting information your retirement income, such as your earnings, what you have paid into Social Security, or even update your personal information on your account.

My Social Security account

In order to open your own my Social Security account, visit ssa.gov/myaccount. You are eligible to create an account once you turn 18. You will be required to provide personal information to verify your identity.

Once you have created your account, you will be asked about any financial items you own and any previous addresses. You can add an extra layer of security to your account by choosing to use a one-time code. The code is sent to your email or your phone as a text each time you log in.

  1. View your earnings

One of the many things you can access on your my Social Security account is how much you earned annually during your career. This can be used for people  who are currently working as well as people who have already retired. These numbers should be checked at least once a year while you are working to ensure that the wage amount is correct. You can compare your salary amount on your tax documentation to your Social Security statements.

  1. Monitor what you’ve paid in

With a my Social Security account, you can also monitor how much you are currently or have previously paid in to Social Security. Most workers are paying 6.2 percent of their earnings into Social Security. In addition, employers typically match that amount.  

This feature can break down how much you and your employer have paid into Social Security and Medicare throughout your entire career.

  1. Future Social Security payments

In your my Social Security account, you can find a tool that will estimate how much you will receive once you have reached your full retirement age (FRA). You can also view how much you will receive if you start claiming your payments early. The feature can show you the payment deductions if you were to start claiming at age 62, opposed to delaying until you are age 70.

  1. Update your account

Once you have created a my Social Security account, you can change personal information like your address or new direct deposit information. This is a much simpler process than calling or visiting your local office.

By registering for your my Social Security account, this will help eliminate the possibility of scammers not only making an account in your name, but also compromising any personal information.

If you decide that you don’t want an account, you can set up a block that won’t allow electronic access to your information.

  1. Easily request paperwork

In your my Social Security account, you can access and request many different documents. Some of the important documents you can access include a new Medicare card, benefit verification letter, or a replacement Social Security card.

Managing your Social Security benefits can become overwhelming, but by registering for a my Social Security account, you will have access to everything you need. In addition to making changes and getting forms, you can check to make sure that all of your information is correct and have the site help you with any questions.

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