I'm eligible for Social Security but have no idea what benefit I'll get. How can I find out what to expect?
Briefly

from 24/7 Wall St.4 months ago
Finding out what monthly Social Security benefit you're in line for is easier than you might think. One option is to use the Social Security Administration's (SSA) quick calculator tool. It has you put in your date of birth and current salary, and from there, you can choose to get an estimate of your monthly benefit in today's dollar or in future (inflated) dollars. But for an even more accurate estimate, create an account on the SSA's website and access your most recent earnings statement.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/12/im-eligible-for-social-security-but-have-no-idea-what-benefit-ill-get-how-can-i-find-out-what-to-expect/
The SSA updates this statement for you annually based on wage data it receives. This means that your estimated benefit can change from year to year. You should also know that the closer you are to retirement, the most accurate your estimate is likely to be. The SSA takes your 35 highest-paid years of income into account when calculating your monthly retirement benefit.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/12/im-eligible-for-social-security-but-have-no-idea-what-benefit-ill-get-how-can-i-find-out-what-to-expect/
Read at 24/7 Wall St.
#social-security #retirement-planning #financial-literacy #income #benefits-estimation
[
|
]