To qualify for Social Security benefits, you must earn a certain number of credits. The number of credits you need depends on your age when you apply and the type of benefit. No one needs more than 40 credits for any Social Security benefit.
Social Security is a vital part of any financial plan. The administration’s online tools can help you understand your potential Social Security benefits and how they fit into your financial future. You should periodically review your Social Security statement using your personal my Social Security account at ssa.gov/myaccount.
We strive to provide the public with accurate and helpful information. In addition to the resources available on our website at ssa.gov, we also regularly post useful information on our blog and on social media. We invite you to read our posts and share items of interest with your family and friends.
If you have a personal my Social Security account, you can view your Social Security Statement online to learn about your future benefits and recent earnings history. Included with the statement are fact sheets that provide useful information based on your age group and earnings situation.
Changes are coming in 2023 regarding when Medicare Part B coverage starts. Please forward this article to those who may need it.
The best way to guard your Social Security card is to keep it in a safe place and share it only when required. In fact, in most cases, just knowing the Social Security number should be enough.
Getting a newborn a Social Security (SS) number is important for his or her future. Feel free to share this time-saving information with prospective parents. If the child is born in a hospital, the easiest way to apply for a SS number is right at the hospital.
We are here for surviving family members when a worker dies. In the event of your death, certain members of your family may be eligible for survivors’ benefits. These include widows and widowers, divorced widows and widowers, children and dependent parents.
You may need Social Security when you least expect it and we’re here to make sure our information is always accessible to you. Whether you’re planning for your retirement years in advance or thinking about applying today, you probably have questions.
Running a small business is often a 24/7 endeavor. Managing employees, inventory, scheduling, services and marketing can be challenging for small business owners — even in normal times. Although the COVID-19 pandemic has been testing all of us, it has been especially challenging for small business owners.
Preparing for retirement is one of the most significant decisions you can make. A great place to start is the Social Security Administration‘s retirement portal. The portal is easy to use, whether you are ready to learn about, apply for or manage your retirement benefits.
The Social Security Administration’s Advance Designation program allows you to pre-select a trusted individual if a time comes when you need a representative payee to help manage your money. Advance Designation enables you to identify up to three people, in priority order, who you would like to serve as your potential representative payee.
According to the US Small Business Administration, about 30 million small businesses in the United States employ tens of millions of people. Running a small business can be a 24-7 endeavor managing employees, inventory, scheduling, services and marketing at a small business can be very challenging.
Do you plan to pay a cleaning person, cook, gardener, babysitter or other household worker at least $2,300 in 2021?
This amount includes any cash you pay for your household employee’s transportation, meals and housing. If you will pay at least $2,300 to one person, you have some additional financial responsibilities.
Social Security (SS) has released a new, standardized Benefit Verification letter.
People receiving SS or Supplemental Security Income (SSI) benefits can obtain their letter by using their personal my Social Security account. You can use the letter as proof of income for loans and housing assistance verification purposes.
Change happens. We get it. The most convenient way to change your direct deposit information with us is by creating a my Social Security account online at www.ssa.gov/myaccount. Once you create your account, you can update your bank information without leaving the comfort of your home.
Social Security and its Office of the Inspector General continue to receive reports about fraudulent phone calls from people claiming to be Social Security employees. These scammers try to trick people into providing personal information or money, and often threaten their victims with arrest. Don’t be fooled.
Q: How do I show proof of my Social Security benefit amount?
A: There are several ways to do this:
If you are a bride-to-be planning a wedding, there’s so much to do: get the dress; choose a caterer; book a venue; select the flowers. But there’s one more important thing you may need to put on your list: contact Social Security if there’s going to be a name change.
These days, everyone is taking a new look at their finances—and no one is looking more closely than the millions of baby boomers who are nearing retirement age. While some boomers expected to retire at one of the traditional milestones, such as age 62, the current economy is forcing many of them to re-evaluate their plans.
The cool winds and changing leaves are telltale signs—another autumn has arrived. Sometimes it’s hard to believe how quickly the seasons change and the years pass by. Whatever season of life you happen to be in, it may be a good time to reflect on the protection you have through Social Security.
Social Security can get a bit tricky, so we’ve brought in some help — Jane Yamamoto-Burigsay, a Social Security Public Affairs Specialist in Hawaii. Here are her answers to a few Frequently Asked Questions.
If you are divorced, there are several things you should know about Social Security. A divorced spouse may be eligible for benefits on more than one work record—such as one’s own record and an ex-spouse’s record. This applies to both divorced men and women. If you’ve never asked Social Security about receiving benefits based on your ex-spouse’s work, you should consider it. Some divorced people may get a higher benefit based on their ex’s work.
Now that your Hawai‘i driver’s license does not have your Social Security number on it, you may need to get an original or replacement card to use as a separate piece of identification. Getting or replacing your Social Security card is a free service. You can use a my Social Security account to request a replacement Social Security card online if you…
Each year, we announce the Social Security (SS) annual cost-of-living adjustment (COLA). In 2020, nearly 69 million Americans are receiving a 1.6 percent increase in their SS benefits and Supplemental Security Income (SSI) payments.
Social Security is an earned benefit. SS keeps track of your earnings so you can be payed the benefits you’ve earned over your lifetime. This is why reviewing your SS earnings record is so important. You can do much of your business with SS online.
I’m trying to figure out how much to save for my retirement. Does the government offer any help with financial education? Will my son be eligible to receive benefits on his retired father’s record while going to college?
My child who gets Social Security will be attending his last year of high school in the fall. He turns 19 in a few months. Do I need to fill out a form for his benefits to continue? Yes. You should receive a SSA-1372-BK form in the mail about three months before your son’s birthday. Your son needs to complete the form and take it to his school’s office for certification.
I’m planning to retire next year. I served in the Navy back in the 1960s and need to make sure I get credit for my military service. What do I need to do?
My Social Security gives you a personal online account you can securely use to check your Social Security information and do business with us. With a my Social Security account you can perform a variety of tasks.
The general enrollment period for Medicare Part B, medical insurance, begins January 1 and runs through March 31. Keep in mind that, although there is no monthly premium for Medicare Part A, there will be a premium for your Medicare Part B. And in most cases, that premium goes up each 12-month period you were eligible for it and elected not to enroll.
Social Security benefits are paid each month. Generally, new retirees receive their benefits on either the second, third, or fourth Wednesday of each month, depending on the day in the month the retiree was born.
Q: I’m trying to decide when to retire. Can Social Security help?
A: The best place to start is with a visit to the
online Social Security Statement. The statement provides you with estimates of benefits for you and your family as well as your earnings record and information you should consider about retirement and retirement planning.
I’m applying for disability benefits. Do I automatically receive Medicare benefits if I’m approved for disability benefits?
We Salute Veterans Every Day by Jane Yamamoto-Burigsay, Social Security Public Affairs Specialist in Hawai‘i from the Oct-Nov 2016 issue of Generations Magazine, Hawai‘i’s Resource for Life
Social Security Benefits Outside the U.S. by Jane Yamamoto-Burigsay, Social Security Public Affairs Specialist in Hawai‘i from the August-September 2016 issue of Generations Magazine, Hawai‘i’s Resource for Life
SSA News for Same-Sex Couples by Jane Yamamoto-Burigsay, Social Security Public Affairs Specialist in Hawai‘i from the June-May 2016 issue of Generations Magazine, Hawai‘i’s Resource for Life