New Social Security Statement Makes Retirement Planning Easier
Date:
Dear Colleague,
I'm pleased to let you know that we redesigned the Social Security Statement (Statement). The new Statement makes it much easier for people to find the information they need to plan their financial future. It is one of the most effective tools a person can use to learn about their earnings and future Social Security benefits.
Some of the highlights of the new Statement are:
- It's much shorter and easier to read.
- A bar chart displays the person's estimated retirement benefits for up to nine retirement start dates.
- Text boxes emphasize key facts people need for financial planning.
We also provide fact sheets, tailored to a person's age group and earnings situation, with the Statement. For example, we provide more information to younger workers about how to save for the future. For older workers, we explain how benefits may be taxed and how to avoid a Medicare penalty.
Visit our Statement page to see samples of the redesigned Statement and the fact sheets (in English and Spanish).
I encourage you to share this information with your members, colleagues, and affiliates, and encourage them to use, or sign up for, their personal my Social Security account to access their Statement.
Sincerely,
Jeffrey Buckner
Associate Commissioner
Office of Strategic and Digital Communications
@SSAOutreach