Many people have a false sense of confidence when it comes to Social Security. Eighty-nine percent of adults say they are somewhat confident in their knowledge about the system; however, 51% said they didn’t know how much income it would replace in their retirement.¹

Those around age 60 are likely familiar with Social Security Statements. You may have received them in the mail, gotten an email about signing up online for them, or heard about them in passing. These statements aren’t just meant to clog up in your inbox, but rather provide you with important updates about your benefits.

Social Security Statements provide a personalized estimate of how much you will receive from Social Security when you retire or if you become disabled, and how much your family members might be eligible for if you pass.
 

The Statement Includes 3 Must-Understand Points:

1. Retirement Benefits—Your estimated monthly earnings during retirement

2. Work Credits –Your eligibility status based on your earnings and taxes paid to Social Security

3. Earnings Record – Your progress toward your Social Security benefits
    

Getting a clear understanding of your benefits can help you recognize your other income needs and sources for retirement.

To view your Social Security Statement, visit www.ssa.gov/myaccount to create an account and review your benefits. You can also utilize the Social Security calculator to estimate your benefits, manage your direct deposit, and more.

The following pages highlight key portions of the Social Security statement based on a hypothetical person referred to as Wanda Worker.