Noted in yesterday’s post about my Social Security, today is “Check Your Statement Day.”
Checking your Social Security Statement is important for retirement planning but, in my opinion, it is even more important for people many years away from retirement, especially if you have dependent children.
Including survivors and disability benefits, Social Security is far more than retirement. Obviously, you hope not to need these for yourself or your family but knowing about them should be an important part of your family financial planning.
Available nowhere else online except through your my Social Security account, your Statement provides current estimates if survivors or disability benefits were needed now. These estimates are based on your personal work record, which is also on the Statement so that you can check its accuracy.
Use this information to help plan for the financial needs of your family now, and your future retirement.
The Faces and Facts of Disability section of the Social Security website provides facts about the program, personal stories, and a quiz to test your knowledge.
To emphasize the value of checking your Statement today, from 1970 here is my favorite Social Security poster.