March 30, 2016

National "my Social Security" Week | April 4 - 13, 2016

It's time to open a secure online my Social Security account at https://www.ssa.gov/myaccount/ to:
  • Keep track of your earnings and verify them every year;
  • Get an estimate of your future benefits, if you are still working;
  • Get a letter with proof of your benefits, if you currently receive them; and
  • Manage your benefits:
    • Change your address;
    • Start or change your direct deposit;
    • Request a replacement Medicare card; and
    • Get a replacement SSA-1099 or SSA-1042S for tax season. 
    Find out what the presidential candidates propose to deal with the eventual depletion (estimated for 2034) of the Social Security Trust Fund which was built up to address the pressure of the baby boom generation. Once that happens, payroll taxes will be its sole source of funding. Researchers estimate that the taxes would cover between 75% and 79% of benefits.
    Voters concerned about the stability of Social Security should elect those to office who share their view. 
  • To learn more about the options for ensuring the long term viability of Social Security read
    The Social Security Fix-It Book developed by the Center for Retirement Research at Boston College. It's available free at: http://crr.bc.edu/special-projects/books/the-social-security-fix-it-book/

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