my Social Security Week is designed to help every American plan for the future. Since all workers are paying into Social Security, it’s a good idea to create a secure my Social Security account. Find it online at socialsecurity.gov/myaccount/.
Creating an account there will give you access to a personalized “Social Security Statement” that provides benefit estimates for you at various ages. Whether you plan to retire at 62, 70 or your full retirement age, you can see an estimate based on your earnings.
Remember that Social Security is not designed to replace your retirement savings! In fact, it will make up less than half of your retirement income, so you must save in addition to Social Security. So while creating a my Social Security account is a great move, it’s only a first step. It’s never too late to start saving extra to be ready for retirement.
In addition to retirement, the my Social Security account will give you information about disability and survivor benefits. Get started now!
If you aren’t saving enough for retirement, let us help. Our free financial counseling can help you create a budget that works so you can pay down debts and plan for the future. Call us today to get started!
