Remember Those Social Security Statements You Receive Each Year Around Your Birthday? | Tax Tip of the Week | No. 104

Social Security Update

Starting with those who had birthdays in July 2011, the SSA is going to discontinue mailing these annual projected benefit statements.  It is expected to save $30 million, this fiscal year, and $60 million, next fiscal year, by ending the mailings.The SSA intends to resume sending the statements to those 60 and over next year.  For everyone else, the SSA is working on a download option.It is a good idea to inspect your social security statements annually to make sure you are receiving the proper amount of earnings credits.  Until the download option is available, you can still visit the Social Security website  to inspect their excellent benefits calculator.Who knows what you may or may not receive from social security in the future----but for now, make sure it is calculating your benefits correctly.Give us a call if you have any questions.

You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.

Rick Prewitt - the guy behind TTW...until next week.