Volume 15, Issue 1 - February 2015
Online accounts help in financial planning
With the account, people can access their online Social Security statement, a great financial planning tool that provides workers age 18 and older their complete earnings history and estimates for future retirement, disability, and survivors benefits.
The statement allows workers to verify the accuracy of their earnings each year. This is important since earnings are the basis for determining future retirement benefits. Individuals who currently receive benefits can sign up for a my Social Security account to get an instant benefit verification letter, change their address and phone number, and start or change direct deposit of their benefit payment.
To date, more than 16 million people have established an account. For more information, please go to www.socialsecurity.gov/myaccount.