The money you get from Social Security is in addition to what you save, invest, and get from pensions. While these monthly benefits are nice, they shouldn’t be your only source of income as a retiree.
You should look for ways to increase your future checks or direct deposits. One way to get delayed credits is to apply for benefits when you are 70 years old.
This way, you’ll get an extra 24%. But how do you get an idea of how much your Social Security payment will be in the future? It’s good that you can do it online for free.
Get your Social Security estimate payment
In a recent blog post, the Social Security Administration reminds workers who are getting close to retirement age to find out how much money they can expect to get. All you have to do is go to https://www.ssa.gov/prepare/get-benefits-estimate?utm_source=x&utm_medium=social&utm_campaign=smt-retirement-25&utm_content=awareness and use the tool there.
Don’t forget that you’ll need to sign in to your my Social Security account to do this. You’ll be able to see it after you sign in. Plus, it won’t just be for old age.
Another option is to get a rough idea of how much SSDI you might get if you have a certain kind of disability and enough work credits. There are estimates that you can look at that depend on when you apply for retirement, which is good. You can also change your expected future income to see how it might change your benefits.
Download a Social Security Statement
Downloading a Social Security Statement is another easy way to get a lot of information about your future monthly payments when you retire. It’s a free tool again.
With this Social Security Statement, you can see how much money you can expect to get each month when you retire between the ages of 62 and 70. After that, you can look at them side by side and choose the age that works best for you.
Along with information about retirement, you will also get information about disability benefits, Medicare, survivor benefits, and your earnings records. Get it as soon as possible to find out more about your retirement checks.
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