How do Social Security statements work? These statements detail information on your earnings, your estimated benefits, and the contributions you've paid in payroll taxes.
Back in 2011, the agency stopped mailing its annual paper
statements to save on costs. The following year, Social Security started the web site My Social Security account to get all your information on-line.
In September 2014, the agency started sending paper statements to workers who weren’t receiving benefits and who hadn’t signed up for an online account. These individuals were getting their paper documents as they turned 25, 30, 35, 40, 45, 50, 55, 60 and over. So, today only individuals who are 60 and over, who aren't receiving benefits and who don't have a My Social Security account online will get paper statements. This measure has reduced the cost of processing and mailing statements by $11.3 million in the 2017 fiscal year.
To set up a My Social Security account go to SSA.gov.
If you would like to find out more about the best options when taking your benefits call for an appointment at 877-812-0259 or go to yoursafemoneyshow.com.
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