4/24/2017

MoneyMatters101.com Home
Social Security Information

10 Important Facts
Accurate Records
Apply Online
A Quick History
Are You Ready
A Valuable Possession
Benefits Chart
Benefits For Children
Benefit Payments
Can I Change My Mind
Caring For A Child
Changing Information
Children With Disabilities
Criminal Offenses
Contact SSI
Debt And Social Security
Denial of SS Disability
Direct Express Card
Disability Benefits
Earnings Record
Electronic Payments
Facts About Medicaid
Get Another SS Card
Good Or Bad Idea?
If You Are Divorced
Change Your Name
Increase SS Income
Is SS In Trouble?
Is Social Security Taxed?
Looking Ahead
Marriages, Divorces
Married Couples
Marital Status
Medicaid Benefits
Medicaid (Your Assets)
Medicaid (Your Property)
Medicare Benefits
New Changes
No Cost Of Living Increase
ObamaCare
Other SS Facts
Protect Your SS Number
Retirement Benefits
Should I Wait To Collect?
Social Security
SS Not Going Broke!
SS Numbers
SS Goes Electronic
Supplemental SS
Survivor Benefits
Taking Benefits Early
The Income Tax You Pay
The SS Trust Fund
There Are Risks Involved
Think About Retiring
When To Retire
Widow And Widower
Women And SS
Women And SS Facts
You Can Still Work

Links

Email Us

Employee Benefits
Long Term Ins.
Senior Life

Quotes

MoneyMatters101



 

Help Keep Your Social Security Record Accurate

An Excerpt from the Social Security Administration Newsletter

You, your employer and Social Security share responsibility for the accuracy of your earnings record. Since you began working, we recorded your reported earnings under your name and Social Security number. We have updated your record each time your employer (or you, if you're self-employed) reported your earnings.

Remember, it's your earnings, not the amount of taxes you paid or the number of credits you've earned, that determine your benefit amount. When we figure that amount, we base it on your average earnings over your lifetime. If our records are wrong, you may not receive all the benefits to which you're entitled.

There's a limit on the amount of earnings on which you pay Social Security taxes each year. The limit increases yearly. Earnings above the limit will not appear on your earnings chart as Social Security earnings. (For Medicare taxes, the maximum earnings amount began rising in 1991. Since 1994, all of your earnings are taxed for Medicare.)

Call us right away at 1-800-772-1213 (7 a.m.-7 p.m. your local time) if any earnings for years before last year are shown incorrectly. Please have your W-2 or tax return for those years available.

You and your family may be eligible for valuable benefits:

  • When you die, your family may be eligible to receive survivors benefits.
  • Social Security may help you if you become disabled-even at a young age.
  • A young person who has worked and paid Social Security taxes in as few as two years can be eligible for disability benefits.
  • Social Security credits you earn move with you from job to job throughout your career.

For more information on Social Security benefits, contact your local Social Security Administration Office or visit their website at www.socialsecurity.gov/mystatement.

Book of the Month

Book about investing

Advertise on MoneyMatters101.com

 

Share


Accessibility Policy| Terms Of Use| Privacy Policy| Advertise with Us| Contact Us

Use of this web site constitutes acceptance of the Terms of Use.

We are looking to create more mutually beneficial partnerships. If you are interested in partnering with MoneyMatters101.com, send us your proposal.

MoneyMatters101.com™

Link to MoneyMatters101.com