OUR WEBSITE: https://baobabwealth.com
OUR EXPAT WEBSITE: https://baobabwealthabroad.com
Social Security statements are no longer mailed annually, but you can still access them by creating a “My Social Security” account at ssa.gov. Reviewing your statement is important for checking earnings history, understanding your projected benefits, and planning when to claim.
Your statement outlines retirement, disability, family survivor, and Medicare benefits, and shows how claiming at different ages will impact the amount you receive. It’s also important to remember that Social Security is designed to supplement, not replace, your retirement income.
00:06 Paper Social Security statements no longer mailed
00:30 How to access statements on SSA.gov
00:39 Creating My Social Security account
00:53 Social Security as supplementary income
01:15 Tax implications on benefits
01:27 Overview of benefit types
01:55 Retirement age considerations
02:12 How benefits are calculated
02:25 Future funding challenges
02:49 Consultation and additional information
#SocialSecurity #RetirementPlanning #PersonalFinance #RetirementIncome #WealthManagement #FinancialPlanning