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Social Security Column
Planning Will Help You See Green in Retirement
By Phil Walton
Social Security Manager, Toledo, OH
Guest Column
Social Security has been a cornerstone of financial security
for over 80 years. As you might already know, a lifetime of
measured discipline can ensure a comfortable retirement.
Social Security can help you plan, save, and see plenty of
green in your golden years.
Social Security is part of the retirement plan of almost
every American worker. If you’re among the 96 percent of
workers in the United States covered under Social Security,
it is helpful to know what benefits you are entitled to.
Social Security bases your benefit
payment on how much you earned during your working career.
Higher lifetime earnings result in higher benefits.
If there were some years you didn’t work or had low
earnings, your benefit amount may be lower than if you
worked steadily. How do you know what your retirement
benefits might be so you can plan? Create a safe and secure
my Social Security account to view estimates of your
future retirement, disability, and survivors benefits. Visit
www.socialsecurity.gov/myaccount
and create your account today.
Social Security benefits help secure your today and
tomorrow, but many people will need more retirement income.
Saving for retirement is key. You might also have a pension
or 401k. Combining as many savings resources will mean more
income once you retire.
Your personal my Social Security account continues to
benefit you once you file for benefits and beyond. Use your
account to check the status of your application and, once
you are receiving benefits, use your account to manage
them. For example, you can start or change your direct
deposit, change your address and phone number, get proof of
benefits, and much more—online and at your convenience.
Learn about all the great advantages of having your own
my Social Security account at
www.socialsecurity.gov/myaccount. Social Security puts
you in control. Visit
www.socialsecurity.gov regularly to access the
ever-evolving tools and information we provide. |
