by Kristin P. Sinclair May 14, 2022
In order to fully fund your own social security income, ideally you will be able to work and receive reportable earnings for 35 years. Earned income wages work and pay into the system as a beneficiary.
Retirement could potential last longer than you think it might. If you are fortunate to reach the age of 65 typically you and others your age of 65 will live another 20 year to age 85. And one in every three will live to age 90, then also consider one in seven will live to 95 or beyond.
For more information on life expectancy, go to the website
www.ssa.gov/planners/lifeexpectency.htm
If you are planning on working and also receiving social security benefits, a web site to review is
www.ssa.gov/benefits/retirement/planner/whileworking
When you want to calculate your potential benefits and have not yet applied for benefits. A good resource online is
www.ssa/gov/estimator
Everyone is unique and our situations are unique. That is a great reason to do some research that applies to your situation. www.ssa.gov/fags has many commonly asked questions and answers to those questions. That might help you consider some additional things that you want to include in your own personal research.
And when you are ready to apply for your benefits
www.ssa.gov/benefits/retirement/applyforbenefits
is where you can complete your application on line. You can do this up to 4 months in advance before you actually want your retirement benefits to begin. If you do not want to apply on line for any reason you can call 1-800-772-1213 for most folks and if you are a tty users 1-800-325-0778.
Monday through Friday from 7a.m. to 7p.m. to apply by phone. And then for those who wish to actually apply in person at one of the local Social Security offices. Call in advance to schedule your appointment. No one wants to wait in a long line indoors at this point in time, especially if you can avoid that and are able to plan ahead.
If you want to do a bit more research the government has information available to you. See how Social security works, who is eligible, and what the process is to apply. What to consider before you actually do apply. www.ssa.gov/benefits/retirement
A free and secure way to look at your personal earnings and use interactive tools you can use the online toll available at www.ssa.gov/myaccount if you have a concern that you have earnings that have not been reported contact your employers and contact the Social Security to see if you can facilitate efforts to set the record straight you might have the documentation needed to help your position on your earnings.
Not certain where to begin on your device, start by taking a look at: www.ssa.gov
Kristin P Sinclair A Accu Tax
Rock Hill, SC
May 14, 2022
803-329-0615