Forthcoming Statements Aid All Financial Planning Efforts

Daily Herald (Arlington Heights, IL), October 29, 2001 | Go to article overview

Forthcoming Statements Aid All Financial Planning Efforts


Byline: Esther Hatfield District Manager, Elgin Social Security Office

This month, we began our third annual mailing of the Social Security Statement.

We expect to mail more than 135 million statements over the next year at an awesome rate of 540,000 each business day. You may have received the statement last year; we automatically mail a statement to all workers age 25 and older who are not receiving Social Security benefits.

The statement is designed to help you plan your financial future. It gives estimates of monthly Social Security retirement, disability and survivors benefits you and your family may be eligible to receive now and in the future.

Too often, people think of Social Security simply as a retirement program. In reality, Social Security is for people of all ages.

The statement provides an easy way to see whether your earnings or self-employment income are posted correctly on our records.

This is an important feature because Social Security benefits are based on your lifetime earnings. When you receive your statement, carefully review the earnings shown year by year.

Because posting earnings to your record is an ongoing process, some or all of your earnings for last year may not show up on your statement.

Complete earnings for last year will be shown on next year's statement. If there is an error or omission for years other than last year, contact us.

Only the last four digits of your Social Security number will be displayed on the statement.

This is to limit the amount of personal information printed on the statement. If you need to contact us about your statement, you will need to provide your entire Social Security number.

If English isn't your first language, you can find sample statements on www.ssa.gov/mystatement in seven other languages: Chinese, Korean, Spanish, Polish, Tagalog, Vietnamese and Italian.

Here you can read explanations of the items found on the statement in your native language. …

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Forthcoming Statements Aid All Financial Planning Efforts
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