How often should one review their Social Security statement for accuracy?

How often should one review their Social Security statement for accuracy?

• A. Bi-annually
• B. Quarterly
• C. Annually
• D. Every five years

Answer: (C)

It is recommended to review your Social Security statement annually for accuracy. The statement provides important information regarding your earnings history, estimated benefits at retirement, disability, and survivor benefits. By checking it once a year, you can ensure that all your earnings are correctly reported, which can significantly impact your future benefits. Regular reviews can help you identify any discrepancies early, allowing you to resolve any issues with the Social Security Administration promptly. This practice ensures you are informed about your Social Security benefits and helps in financial planning for retirement or potential disability scenarios.

It is recommended to review your Social Security statement annually for accuracy. The statement provides important information regarding your earnings history, estimated benefits at retirement, disability, and survivor benefits. By checking it once a year, you can ensure that all your earnings are correctly reported, which can significantly impact your future benefits. Regular reviews can help you identify any discrepancies early, allowing you to resolve any issues with the Social Security Administration promptly. This practice ensures you are informed about your Social Security benefits and helps in financial planning for retirement or potential disability scenarios.