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.
The holiday season is upon us, bringing with it family gatherings and familiar traditions. As you bustle about from place to place, sharing turkey dinners and catching up with loved ones, there’s one errand you can avoid — a visit to the Social Security office. Why take time out of your busy holiday schedule to visit an office when you can conduct most of your business online? Continue reading
When you’re raking the leaves, remember that the best part of labor isn’t the single day off you get each year, but the Social Security retirement benefits you earn through the years that you work. Continue reading
Some of you may have celebrated the holiday by beginning to think about exiting the labor force — and beginning your retirement years. Individuals born in 1950, especially, may be thinking about it because they reach their full retirement age of 66 this year. Who are they, these folks born in the year Elvis Presley had his first job — as an usher at a movie theater? Continue reading
Centuries later, there are new horizons to explore and you can do it from the comfort of your home or office. With Social Security, you can discover a new world of information and services at www.socialsecurity.gov. 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
You feel a special kind of excitement when your team is playing in the World Series and you watch your star hitter step to the plate at the bottom of the ninth inning, with two outs and the bases loaded.
In our public service announcements website, Social Security features a series of four videos with felines doing what they do best – showing us how to get things done the smart way. These four-legged experts talk about the benefits of retiring online and tell us how easy, convenient, and secure it is to retire using our online app. Who knows more about taking things easy than cats? Continue reading
As the sounds of summer quiet down, and the air turns cooler, you’ll want to check out your favorite football team, check your furnace settings, and check your earnings in your Social Security Statement online.