Nearly 50% of people aged 65 or older receive at least 50% of their family income from Social Security, highlighting its crucial role in retirees' financial stability.
The my Social Security account is a free and secure portal that allows users to manage current benefits, estimate future benefits, and report earnings discrepancies.
This account helps retirees estimate future Social Security payments based on critical variables like their highest earning years and marital status, ensuring they can plan effectively.
By recognizing errors in reported earnings through the my Social Security account, users can potentially avoid reductions in future Social Security payments.
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