On this day in 1940, a 65-year-old legal secretary named Ida May Fuller became the first monthly Social Security beneficiary. A few months earlier, she had stopped by her local Social Security office in Vermont to learn how the program works. She knew she had paid into Social Security but wasn’t sure if she would get anything back out. A clerk at the office helped her apply for retirement benefits. Continue reading
It’s 2017, and that means you might be one more year closer to retirement. Whether you’re at your very first job or wrapping up a successful career, there are always new things to learn about when it comes to saving for the future. So why not make retirement planning part of your New Year’s resolution!
Putting money in a high yield savings account (if you can find one) is always smart, but you can do even more. The U.S. Department of the Treasury now offers a retirement savings option called myRA. There’s no minimum to open the account, you can contribute what you can afford, and you can withdraw funds with ease. To learn more about myRA, visit www.myra.gov/.
Hopefully, your employer chips in a little. An employer-sponsored retirement plan or 401(k) can be a useful way to set aside funds for retirement, especially if your employer offers matching funds on what you invest. If you don’t work for an employer that offers this type of plan, there are many other plans designed to help you save for retirement.
From solo 401(k)s to traditional and Roth IRAs, there are programs designed to fit a multitude of budgets. The earlier you start to save, the more funds you’ll have ready for retirement.
And, as always, there is Social Security, which is funded by taxes you pay while you work. To get estimates of future benefits and check your earnings record for accuracy, you can create a my Social Security account at www.socialsecurity.gov/myaccount.
Along with giving up bad habits, this New Year start a good habit that can make a lasting, positive change.
We have all received gifts we’ve wanted to return: ugly socks or sweaters that look exactly like the one you got (or gave!) last year. Sometimes, just letting loved ones know that you’re there for them, no matter what, is the best gift of all. And you avoid the embarrassment of giving an awkward gift! Social Security is also there for you and your family — all year long. Continue reading
The service will provide detailed information about retirement, disability, survivors, Medicare, and Supplemental Security Income claims and appeals filed either online at socialsecurity.gov or with a Social Security employee. Continue reading
You packed your bathing suit and beach towels. The sunscreen is handy and ready to apply. Your hat is firmly on your head while you sport those stylish shades. The time is finally here, and you’re going on vacation.
Hooray! Continue reading
Summer’s just a memory, the days are cooler, and children are comfortably settling in their back-to-school routines. You should take this time to “hit the books” and learn more about what Social Security offers at our website.
If you’ve been to our website before, you’ll notice the new homepage is even better. We redesigned it based on your feedback. The top suggestion we received was to list all of our content on one page so that’s what you’ll see when you visit www.socialsecurity.gov. You’ll now find it’s easier than ever to Continue reading
If you receive benefits from Social Security, you have a legal obligation to report changes, which could affect your eligibility for disability, retirement, and Supplemental Security Income (SSI) benefits. You must report any changes that may affect your benefits immediately, and no later than 10 days after the end of the month in which the change occurred.
During Customer Service Week–10/4-10/9–we have the wonderful opportunity to highlight a top priority for us at the Social Security Administration. From our humble beginnings in 1935 when Franklin Roosevelt signed the original Social Security Act into law, customer service has been a part of our DNA. As much as Social Security has been a part of the fabric of America for the last 80 years, so too has been our long standing tradition of delivering courteous, responsive customer service to people of all ages who come to us for assistance, often at a critical juncture in their life.
I am going to get better organized …
I need to plan for retirement…
I am going to open a my SocialSecurity account …
If these promises sound familiar, you aren’t alone. Most of us procrastinate from time to time, and more than 20 percent of us are chronic procrastinators. We tell ourselves we’ll get to those tasks someday, but someday never seems to arrive.
On September 6, we celebrated Fight Procrastination Day — but the battle is not over! You can defeat procrastination at any moment by opening a my Social Security account and get started planning for a financially secure retirement now. Continue reading