Get to know your Social Security benefits in 4 easy steps

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Social Security benefits play an important part in most people’s retirement plan. However, many don’t often think about their benefits until close to retirement. The fact is, it’s a good idea to find out what to expect from your benefits long before then. Here are four steps to take to get to know your Social Security benefits now.

Step 1: What is Social Security really about?
Social Security will be with you throughout your life. The benefits program reaches almost every family, and at some point, touches the lives of nearly all Americans. Depending on the circumstances, children and adults may receive benefits long before retirement. Of course, Social Security can also mean retirement income.

Step 2: Verify your earnings
Your present work history impacts your future Social Security benefits. Earnings get calculated using your employment records. This is based on what employers submit to the Social Security Administration. That’s why it’s important to use your personal my Social Security account to check these records yearly. As result, this step ensures your earnings get recorded accurately.

Step 3: Estimate your benefits
Social Security benefits are part of a strong retirement plan. Today it’s important to take steps to ensure you have enough additional retirement income for a comfortable quality of life. Want to know your recommended retirement age or life expectancy? Want to estimate your future potential benefit amount? The administration has several estimator calculators to fit your financial situation. From there, you’ll have a better picture of how much money you’ll need from other sources for your post-work life.

Step 4: Manage your benefits
On the go or at home, you can access your personal my Social Security account according to your schedule. From retirement to disability to Medicare benefits, there’s no need to visit a field office. Go online to take care of most of your Social Security-related business.

April is National Social Security Month. Get started learning more about your benefits today.