Monitoring Your Earnings Can Really Pay Off

" "You work hard for your money. You’re saving and planning for a secure retirement. Now you need to make sure you’re going to get all the money you deserve. Regularly reviewing your Social Security earnings record can really pay off, especially when every dollar counts in retirement.

If an employer did not properly report just one year of your work earnings to us, your future benefit payments from Social Security could be close to $100 per month less than they should be. Over the course of a lifetime, that could cost you tens of thousands of dollars in retirement or other benefits to which you are entitled. Sooner is definitely better when it comes to identifying and reporting problems with your earnings record. As time passes, you may no longer have easy access to past tax documents, and some employers may no longer be in business or able to provide past payroll information.

It’s ultimately the responsibility of your employers — past and present — to provide accurate earnings information to Social Security so you get credit for the contributions you’ve made through payroll taxes. But you can inform us of any errors or omissions. You’re the only person who can look at your lifetime earnings record and verify that it’s complete and correct.

So, what’s the easiest and most efficient way to validate your earnings record?

  • Visit our website to set up or sign in to your own my Social Security account;
  • Under the “My Home” tab, select “Earnings Record” to view your online Social Security Statement and taxed Social Security earnings;
  • Carefully review each year of listed earnings and use your own records, such as W-2s and tax returns, to confirm them;
  • Keep in mind that earnings from this year and last year may not be listed yet; and
  • Notify us right away if you spot errors by calling 1-800-772-1213.

More detailed instructions on how to correct your Social Security earnings record can be found by reading How to Correct Your Social Security Earnings Record.

Securing today and tomorrow requires accuracy and diligence on our part and yours. You’ll be counting on Social Security when you reach retirement age. Make sure you’re getting every dollar you’ve earned. You can have access to us any time.

Facebooktwitterlinkedinmail

47 thoughts on “Monitoring Your Earnings Can Really Pay Off

  1. WHEN DO WE CONDUCT A REDETERMINATION? We redetermine eligibility and benefit amounts of most recipients once every 1 to 6 years. When you report a change that affects eligibility or payment (for example, marriage), we may review your income, resources, and living arrangements.https://ghdsports.org/

Leave a Reply to Vonda VanTil, Public Affairs Specialist Cancel reply

Your email address will not be published. Required fields are marked *