Social Security Estimator
Ever wonder how much you’ll receive in retirement benefits from Social Security? Now you can find out the answer. Recently, the Social Security Administration (SSA) added the retirement estimator to its website. The estimator is a planning tool that permits you to get a personalized estimate of your potential Social Security retirement benefit.
It is tied to your actual earnings record so you do not need to enter years of earning information. Your reported earnings are automatically accessed.
The Social Security Administration maintains that the site is secure. According to the Social Security Administration, the estimator does not reveal any personal information such as your address, earnings, or other information. The estimates are only provided online. And, for security reasons, there are time limits for viewing each page. After 25 minutes without any activity, you are given a warning.
The estimator is not for everyone. It is intended for use by those you are not receiving benefits (including medicare) on their own social security record and have enough credits to qualify for benefits. If you are subject to an offset based upon a pension, it is not for you.
One benefit of the estimator is that you can compare different retirement options by entering different dates of retirement or expected earnings. But, keep in mind that estimates are just estimates. The estimator is not adjusted for inflation and it bases its estimate on projected earnings.
To access the retirement estimator go to www.ssa.gov and click on retirement.
To learn more about social security disability law issues please click social security law. To learn about our social security disability lawyer in Maryland, please click social security disability lawyer maryland, and read our firm bios on Dory Sutker or Suja Varghese.
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