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Retirement Income Tips: Social Security
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Retirement Income Tips: Social Security
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HOW TO ESTIMATE YOUR SOCIAL SECURITY BENEFITS
Is There Any Way To Estimate How Much I Will Receive?
Of course you can estimate how much you will receive in Social Security benefits, especially given the advances in using the Internet. The Social Security Administration has been doing away with paper statements, so now you can access them at www.ssa.gov/estimator and click on “Estimate Your Full Retirement Benefits.” Enter your full name, Social Security Number, and your birth date; then enter your mother’s maiden name and state where you were born. Hit “Submit.” Enter your last year’s wages, and hit “Submit” again. The Retirement Estimator will then compute your benefits based on your actual earnings history. You can check the estimates for Reduced Benefits at age 62, your Full Benefits at normal retirement age, and your Maximum Benefits at age 70.This section contains sort of a summary of the strategies you should be aware of to prepare for claiming your Social Security benefits. Thousands of words have been written on this subject and many of the folks we talk to find the whole idea of “strategies” to be confusing. But, please, don’t skip this section VALUABLE SOCIAL SECURITY ONLINE RESOURCES
Visit the Social Security Administration Website: www.ssa.gov for:
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