Monday, March 23, 2015

Where's My Social Security Statement?

By Lori Eason, CFP(R)


Have you noticed that you haven’t been receiving Social Security benefits annually? Back in 2011, the Social Security Administration began phasing out mailed annual benefit statements to save money. While people can at any time access the same information by setting up "my Social Security" accounts online, very few people have actually done so (about 6%). In light of this, the administration recently decided that they will begin mailing statements again, but with some stip...ulations. Workers who have created an online account will not receive mailed statements. Workers age 25 and older who aren’t registered online or receiving benefits will receive mailed statements every 5 years and those over 60 will receive annual statements. Here's a link to create an online account to view your benefits if you're interested:  http://www.ssa.gov/myaccount/