Planning retirement is something essential. If you are between the ages of 45 and 54, you may be eager to know the Social Security check or direct deposit you may receive every month.
The best thing about this useful tip is the fact that it is free and easy to achieve. Therefore, you will have an idea of the money you could get in retirement apart from your 401(k) savings plan, investments, and properties you may have.
Get this Social Security document
Even if you can get a Social Security Statement at a younger age, it may be more accurate the closer you are to retirement. A Statement will be the best thing to find out the possible payment amounts in retirement.
If you are a 45- to 54-year-old with a disability, you will also be able to learn about your Disability Insurance eligibility. Some workers aged 45-54 may be critically ill, so they can even learn about survivor benefits with this Statement.
For your information, a Statement is free. So you will be able to get one without having to pay any money. What is more, you will not have to make an appointment to get one. So get it from the comfort of your home.
How to get a Statement
All you have to do is open your my Social Security account. Apart from being able to learn about your future Social Security amount, you will also see your current earnings history.
Check it properly because there could be mistakes. If you find any mistakes, report it before the deadline because it could affect negatively your future Social Security amount.
Do not worry if you are already 60 years old and do not have a my Social Security account. In fact, you will receive a letter with this Statement.