Tune in this Saturday morning July 1st at 7:30 for Your Safe Money Show. There are some big changes to credit reports starting July 1st I want to tell you about.If you’re a young adult, I have three things you can do to increase retirement savings.And I have a story about a family dairy farm out East that is using new technology to keep the farm going. Adapting to change is crucial with so many facets of our lives. Listen at 95.5FM, they stream live at kbek.com. Hear recent shows podcast at yoursafemoneyshow.com.
If you're not familiar with a Social Security earnings statement, it's basically a summary of the income you've earned to date. In addition to your earned wages, your statement will contain retirement, disability, and survivor benefit estimates. Social Security benefits are calculated based on your top 35 years of earnings.Making sure the information on your statement is correct is essential when it comes to your benefits. It's best to report mistakes on your Social Security record as soon as you spot them -- especially since you only have three years, three months, and 15 days after the year wages are earned to correct a mistake pertaining to that income.
The best way to access your personal record is to sign up for access online at ssa.gov. From there, you can view your earnings statements and take steps to clear up any errors you spot. You will need to contact The Social Security Administration and have proof of your claim, such as old tax returns and pay stubs.
If you want to get the benefits you have coming be sure to look at your statement on a regular basis.
Sure hope you can listen this Saturday morning (June 17th) at 7:30 for Your Safe Money Show. We use credit cards for so many purchases these days, but there are times when you should never use a credit card.It is summer travel season and I have ways for you to save on your next vacation.And if you’re turning 65 and still working do you have to sign up for Medicare?I'll discuss all these topics with you on KBEK 95.5. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.
