It is best not to expect too much from Social Security because the benefit that you receive is going to be relatively modest. At the same time, reality is what it is, and most people who are receiving Social Security say that it represents the lion’s share of their income.
Whether your benefit is going to comprise most of your income, or simply serve as a useful supplement, you are going to be interested in how much you can expect to receive when you reach the age of eligibility. This information was once provided to everyone who is at least 25 years of age each year via an annual paper statement that was sent out through the mail.
This practice was discontinued last year in an effort to cut costs in light of the budgetary crisis. At this point only people who are 60 years of age or older receive these annual statements in paper form.
However, as an alternative you can now download your statement at any time off the Social Security website once you register your account. To get to the relevant page simply follow this link: My Social Security Statement.
The best way to be totally prepared for the future is to gather all the relevant information and use it to implement a practical plan that leads to the achievement of reachable goals. To proceed with the benefit of expert guidance simply take a moment to arrange for a consultation with a seasoned and savvy Oklahoma City retirement planning attorney.
Larry Parman
Author, President and Founding Attorney
Parman & Easterday
- Founding Attorney, Larry Parman, Shares a Personal and Insightful Message about the Coronavirus Situation and How the Firm is Handling It (click on the video below) - March 27, 2020
- Understanding Estate Planning – Developing a Fair Inheritance Plan - March 26, 2020
- Use Trust Protectors for Added Protection and Flexibility - March 25, 2020
