The mySocialSecurity online portal helps you manage your social security benefits
A free myThe SocialSecurity Account provides personalized tools that you can use whether or not you are receiving benefits. You can use your account to apply for a replacement Social Security benefit card, check the status of an existing claim, estimate the number of future benefits you will receive, or manage those you already receive.
One of the most important reasons to create an online account even decades before you are ready to retire is that mySocialSecurity is the only place where you can see estimates of future benefits – based on your actual income – that you might receive once you start distributions.
You can check that Social Security has your current appropriate income through the mySocial security portal. Social Security typically takes your top 35 earners to create an estimate of your benefit amount, which means it’s up to you to make sure this information is correct to ensure you receive the most important benefits possible.
The ASS has set up a full retirement age calculator to show citizens when they will be entitled to full and unreduced benefits. The full retirement age is also called the ânormal retirement age,â which was 65 for many years. In 1983, Congress passed legislation to gradually raise the full retirement age for people born in 1938 or later, because people live longer and healthier lives at an advanced age than when the age retirement was originally set. From the year of birth 1938, the retirement age gradually increases by a few months for each year of birth until 1960, when the full retirement age reaches 67.
The myThe SocialSecurity portal also displays estimates of retirement, disability and survivor benefits to which you and your family may be entitled.
Side concert: What if you want to stop social security and go back to work?
Social security 2022: How COLA will increase benefits for the average senior couple
Another huge benefit of the online portal is the easy access to Medicare resources and the ability to apply for Medicare benefits. You can also appeal a decision on health insurance benefits through this portal.
The portal also allows you to change your address, configure or change direct deposit information for benefits, print proof of benefits, and print your 1099 forms.
Because the incomes are different for everyone, and the pthe process of receiving social security benefits can be confusing in general, the use of the online portal is an important element in the management of your services. Additionally, if there is a discrepancy between what the estimator and the online portal show you and the actual amount you receive by check, you can use your online statements to support a dispute.
More from GOBankingTaux
This article originally appeared on GOBankingRates.com: The mySocialSecurity online portal helps you manage your social security benefits