Review Your Social Security Statement

Why

Your Social Security earnings record is crucial as it determines your future retirement benefits. Errors in your record can lead to significantly lower benefits. Additionally, identity thieves might fraudulently use your Social Security Number for employment, which could also affect your record. Annual checks help ensure accuracy and allow for early detection of fraud, protecting your future financial well-being.

Action

• Visit the official Social Security Administration website (SSA.gov).
• Log into your “my Social Security” account. If you don’t have one, create it.
• Access and carefully review your Social Security statement.
• Verify Earnings Record: Check that your reported earnings for each year match your own records (e.g., from W-2s or tax returns).
• Look for Discrepancies: Identify any years with incorrect earnings or earnings reported that you did not make (this could be an indicator of identity theft).
• Review Estimated Benefits: Check your estimated retirement, disability, and survivor benefits.
• Verify Personal Information: Ensure your name, date of birth, and other personal details are correct.
• Update your contact information with the SSA if it has changed.
• If you find any discrepancies or suspicious activity, report it to the SSA immediately following their specified procedures.
• Download or print a copy of your statement for your records and store it securely.

Remember

Everyone with a Social Security number should create an online account at SSA.gov, regardless of age. This prevents identity thieves from creating an account in your name and potentially misusing your information or locking you out.