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Social Security 101: Tracking, Planning, and Protecting

February 15th, 2016 · No Comments · Social Security

by Kristy Welsh

(Last Updated On: February 18, 2018)

Social Security 101: Tracking, Planning, and Protecting

Do you know how to track your social security benefits? Do you know how that information should affect your retirement planning? What about protecting your social security information – do you know what scams to watch out for and how your online social security account is protected? Get answers to these questions, and more, via the links below.

How to Track Social Security Earnings Online

If you miss receiving snail mail updates of the social security benefits you’ve earned to-date, sign up for a my Social Security account online. It’s not only a great way to know how much you should expect to receive in your retirement years, but it also gives you an opportunity to verify that your annual earnings on file (on which your social security benefits are based) are correct.

Worried About Safety of Your Online Social Security Account? Equifax is On the Job

While it’s a nice convenience being able to track your social security earnings online, it’s also a little scary. If somebody manages to hack your account, they’re gaining access to some of your most sensitive personal information. So it’s good to hear the news that the Social Security Administration has completed integration of Equifax verification into its online authentication system.

When Should You Claim Social Security Benefits? Online Tool Helps You Decide

If you plan to claim Social Security as soon as you’re eligible, a new interactive tool may change your mind. The Consumer Financial Protection Bureau’s (CFPB) Planning for Retirement Tool estimates how much more money you’ll receive the longer you wait to claim your Social Security benefits.

Fake Social Security Email Promises Protection, Scams You Instead

There is nothing worse than getting scammed doing something that’s supposed to protect you. Unfortunately, that’s what’s happening to people who click on links inside a fake social security email making the rounds these days.

Social Security Garnishments Confirm: Student Loan Debt Doesn’t Go Away

The last thing you would expect to worry about in your retirement years is the very thing threatening the livelihood of tens of thousands of retirees: student loan debt. Every year, thousands of Americans have their social security checks garnished to cover their defaulted student loans. While any other type of debt defaulted on so long ago would have reached its statute of limitations by now, federal student loans are different. They have no statute of limitations, meaning the government can collect on them indefinitely.

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