by Kristin P. Sinclair – A Accu Tax – October 2, 2018
The Social Security Retirement Estimator provides you estimates based upon your Social Security earnings record. Please note that these are estimates and not a guarantee of benefits to be paid. The Social Security Administration will provide you with your actual benefit amount when you apply for benefits. That amount may differ from the estimates for several reasons:
- Your future earnings may increase or decrease from today’s estimate.
- Benefits most likely will be adjusted for cost-of-living increases.
- Today’s estimated benefits are based on current law, and do not account for any future changes in the law. There are concerns about benefits to be paid after 2034.
- Military service, railroad employment, or pensions earned through work on which you did not pay Social Security tax may affect your future benefits.
When Can Use the Retirement Estimator
When you have enough Social Security credits to qualify for benefits, and when you are not currently receiving benefits on your own Social Security record. You must also not be waiting for a decision about your Social Security benefits application for benefits or Medicare benefits. Also you should not use the Social Security Estimator if you are age 62 or older and receiving benefits on another Social Security record; or if you are eligible for a pension based on employment not covered by Social Security.
Please note that when you are receiving only Medicare benefits, then you can still get an estimate. For more information please read: Retirement Information For Medicare Beneficiaries at SSA.gov.
The Social Security Retirement Estimator Link is: https://secure.ssa.gov/acu/ACU_KBA/main.jsp?URL=/apps8z/ARPI/main.jsp?locale=en&LVL=4
Updated in Rock Hill SC and Charlotte NC
by Kristin P. Sinclair A Accu Tax October 2, 2018