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
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
We know the contributions of Hispanics can be traced to before the origins of the United States with the discovery, exploration, and naming of many places in our nation, such as state names like California, Colorado, and Texas and city names like San Antonio, Santa Barbara, and Boca Raton. Hispanics have influenced every facet of life, from language to our cultural development. Hispanics play a crucial role in American life. 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
With busy schedules and constant multi-tasking, it seems like everyone is juggling the multiple chores and obligations of everyday life. That’s why Social Security created a suite of online services. Continue reading
Springtime is upon us and love is in the air! Valentine’s Day may be but a memory and the storefront displays have moved on to new holidays, but you can still express your feelings in a meaningful way.
A powerful way to prove your love is to show that you care about a family member or friend’s future. Everyone you love probably wants to enjoy retirement. The decisions of when and how to retire require preparation and careful planning.
Social Security is a safety net that keeps millions of elderly Americans out of poverty. At www.socialsecurity.gov/planners/retire you’ll find valuable resources that you can access 24 hours a day from your preferred location.
For 80 years, Social Security has been there for you and your family when you need us most. And, finding us at our field offices, where you can speak with an employee face-to-face, is easier than ever! Continue reading