The Social Security Service has launched a new portal: now you can find out what kind of pension you will receive
New change to social security statements could help recipients claim higher benefits, reports FingerLakes1.
The Social Security Administration is revamping its website to make it easier for Americans to plan for retirement.
Online statements will now show the estimated social security amount.
This is helpful because people can now see how much they need to save to cover benefits that are not there.
The site is now showing people their personalized estimates of future benefits.
It is now possible to see if you can afford to retire early, how much you should work, and what needs to be done to get higher benefits in the long run.
How to use the Social Security Administration website to check future statements
You can create an account through the social security website if you are 18 or older.
Once logged in, you will see your employment history with a rough estimate of your future benefits.
This is only an approximate estimate, since the amount of the benefit is determined based on the average number of years of work of the person, taking into account the 35 years with the highest salary.
The statement also uses language that is easier to understand.
Added colorful graphics using easy-to-understand terms or examples.
The statement also benefits those who are already applying for social security. The case can be completed through an extract.
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Applicants can now add bank details, receive direct deposits, change information, and easily receive benefits confirmation emails.
This change may make it easier in some cases to replace your Social Security card.
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