Is My Social Security Statement Correct?
Is My Social Security Statement Correct?
Social Security Statement Verification
In a recent workshop we received the question “Is my social security statement correct?” we discussed how to verify the accuracy of your Social Security statement.
Verifying Social Security Statement
- To ensure the correctness of your Social Security statement, log into your account and download the statement.
- Check each year’s earnings for accuracy; any entries showing zero or significantly incorrect amounts should be flagged.
- The earnings listed on the statement should align closely with what you expect based on your work history.
- The numbers on the statement are sourced from the IRS, so major discrepancies are usually noticeable upon a quick review.
Tax Form Review for Accuracy
We like to emphasize reviewing tax forms for precision in alignment with Social Security statements.
Ensuring Tax Form Accuracy
- Cross-reference their tax forms from recent years to validate income details down to the dollar.
Keeping detailed information on your taxes throughout the years will help you with this practice.
Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits but how to prepare for retirement. The earlier in your career, the better.
Register: https://fedpilot.com
Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us