Your Social Security statement is now online

U.S. workers under age 60 will no longer receive an annual paper statement about Social Security contributions and future benefits.

By MSN Money Partner Jun 12, 2012 12:57PM

This post comes from Miranda Marquit at partner blog Bargaineering.


Image: Social Security Card (© Comstock)For years, you've received an annual Social Security statement. This statement contains information about how much money you've earned and contributed to Social Security, as well as your estimated benefits later on, when you can begin taking Social Security payments.


The Social Security Administration has done away with annual paper statements for workers under 60 and now offers statements online. This is convenient, because it makes it possible to access your information at any time.


You have to create an account on the site, but once that's done, you have access to your Social Security statement. You can even apply online for retirement and disability benefits. (Post continues below.)


  • Editor's note: I just created an account at the Social Security website. It was easy to do.

What's in your Social Security statement?

The two main items on your Social Security statement are:

  • Benefits. This section is updated regularly to reflect how much money you have contributed over your lifetime and how much money you can expect to receive. You need a certain number of "credits" to qualify for retirement benefits, and the number you have is listed in this section. You can also see how much of a disability payment you are eligible for, as well as how much your family members could expect to receive if you were to die.

 

  • Earnings report. You will see how much you earned each year, as well as an estimate of how much money you've paid into Social Security and Medicare. Your earnings record should be carefully reviewed for inaccuracies. If the number is too low, you could miss out on benefits down the road. If the number is too high, that could be an indication that your identity has been compromised and someone else is using your Social Security number.

Checking the accuracy of your statement is important. If there is something wrong, contact the Social Security Administration at 800-772-1213. You want to clear things up as quickly as possible. It's much easier to fix problems now, rather than try to get the full amount of benefits you are owed once you retire.

It's also important to clear up mistakes about how much you have earned. While it might be nice to think that someone using your Social Security number could result in increased benefits for you, it could also mean problems with the IRS if it looks like you haven't been paying income tax because the person who stole your number isn't paying those taxes.


It doesn't take very long to review your Social Security statement, and it's a good idea to do so. It can alert you to identity theft, as well as help you plan for a successful retirement.


More on Bargaineering and MSN Money:

VIDEO ON MSN MONEY

34Comments
Jun 12, 2012 4:06PM
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Good move on their part.   Now let's get some intelligent people working in their offices.   Stop worrying about meeting the ethic quota and start hiring people with smarts.
Jun 12, 2012 4:51PM
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Ok... Now all your personal information will be available in another form for every hacker out there!

At the rate technology is going, we all should be cavemen again with no personal identities within 30-40 years!

Hey, have you seen "John Doe" today?
Which one, there are 2 million that hold that ID!
The one that lives in the cave where 42nd street use to be.
Ok... There are 150 with that ID in caves on 42nd street.

Jun 13, 2012 8:47AM
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What a bunch of whiny babies. They are trying to save money......... do you have any idea how much money it cost to print and mail those old statements. Shut up and grow up... They can't run up the road and wipe your behind either.
Jun 12, 2012 4:11PM
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BEEN TRYING FOR OVER A MONTH TO SIGN UP...GO THRU THE WHOLE PROCESS OF ANSWERING ALL THE QUESTIONS GET TO THE END AND GET THE MESSAGE "SORRY THIS SERVICE NOT AVAILABLE" JUST LIKE OUR GOV'T  "SORRY"
Jun 12, 2012 8:15PM
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Convenience at a price of privacy???? I prefer privacy thank you!

 

No need for SS statements to go public to hackers too and yes if by some dumb chance this happens security breaches will be high and out of control!

 

What an ignorant suggestion to even ponder!

Jun 12, 2012 4:15PM
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I have the same problem as J Bateman- it keeps telling me the service is unavailable and to call them. I don't have time to call them; that was the purpose of doing this online.
Jun 12, 2012 9:05PM
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Sure seems like this should have been a law to vote on!

 

i am OUTRAGED THAT THEY CAN DO THIS ! ,WITHOUT CONSENTING  A PERSON.

 

DO WE NOT HAVE ENOUGH PROBLEMS WITH SECURITY, AND SS statements

 to go public ONLINE FOR  hackers to GET! 

 

ITS BAD ENOUGH THAT someone might steal ONE copy ,a statement from your  mailbox,  but to RISK unlimited  access to any hacker! , to a persons LIFE TIME INFO.  

WHERE IS THERE BRAIN!!

 

 

Jun 12, 2012 8:22PM
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I'm the type of person who always sees the glass as half full, but sorry - this makes me veeeery nervous; yet another thing to worry about re: hackers; and what's really scary is, you have no choice in the matter concerning paper vs. computer. It makes me think of some people, given this economy, who might not be able to afford a computer. 
Jun 12, 2012 8:43PM
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To save Soc Sec I see in the next few years that Gov will initiate "means" testing for those eligible to receive Soc Sec.  That means that if you are a millionaire at retirement you probably will not get Soc Sec.  Working people MUST begin saving for their retirement... Labor contracts must be negotiated so that "new hires" pay most of their retirement and med ins... Just think the general public struggles to work for Soc Sec or tries to save for retirement. Then the gen Public has to put up tax dollars to pay for union members retirement such as cities, states and fed gov  have...is that fair?  If the gen public is unable to save for their retirement they have to rely  on the small Soc Sec check yet the gen public then have to pay for others' retirement including all types of legislators....Is that fair?
Jun 13, 2012 7:20AM
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Chances are, Some piece of sh!t who steals your identity, Isn't likely going to be the hard working tax paying type, and the off chance they do have a job, Its probably at Mc Donalds.
Jun 13, 2012 3:17PM
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Security is a thing of the past, and has been for some time now. I own a local business. Several years ago I hired a licensed bookkeeper/accountant  from a well known reputable company. She had years of experience and a great personality. Her son had been a student of mine. After requesting my yearly credit report (I cant tell you how highly I reccomend this to everyone.) I was surprised to see  my identity was being used by someone local. Yep you guessed it my accountant stole my identity.  Keeping things the way they have been is no safer. Locks only keep honest people honest.  Save the money, save the people time, Save trees, and it wont make one bit of difference on Id theft.  How many people now require a SS# for various paperwork? Ever filled out a W2 for work? It requires your SSN ever kept track of who handles that W-2? Our SS#s are everywhere.
Jun 13, 2012 7:30AM
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I don't want my statement online. Time for change that accurately reflects the public sentiment.
Jun 13, 2012 3:14PM
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partway, nope.  Anyone can get their statement on-line.  Only people over 60 will still get a statement in the mail.  You have it backwards.
Jun 12, 2012 6:32PM
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I heard that the kardasssssian family gets Social Security and WIC.
Jun 13, 2012 12:57PM
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I just signed up and was able to view statement in just a few minutes. No problems getting site to work. I'm 30 years old so must not have to be over 60 as someone suggested.
Jun 12, 2012 11:16PM
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What if someone stoled your identity and was paying in the taxes in your name. Who gets the benefit?
Jun 14, 2012 8:13PM
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It would be nice to see some comments from people that know what they are taking about.  Not from people that get their information from only one side and from politicians that have a political agenda. Unless you have worked for SSA then you have no valuable input on what they do.

Jun 13, 2012 11:09AM
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"This makes it convenient because you can access your information anytime" -

a long with any other hacker out there. Thanks! because we have all that hacking stuff and the scam artists under control! 

Jun 13, 2012 5:44PM
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Can you imagine what it would be like if companies and people stopped paying into Social Security and put that money instead into a simple CD or savings account in a credit union? Even if the rates stayed as low as they are at least you would get some sort of return when you retire. And you could access it early in case of emergencies. What a waste of 4% of my income....
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Social Security is going broke simply because it's Government. The have too many office's and worker's,then they also have too many sections that are worthless to any one on S.S., then they have way too many contractor's doing their job's. I really don't like that everything is on line its too easy to get hacked and more fraudulent people to get information.
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