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Started By
Message
When should yo my start monitoring your social security benefits?
Posted on 11/27/17 at 9:31 pm
Posted on 11/27/17 at 9:31 pm
The my social security website is a site that states your earnings each year. I was told to check each year that your earnings have been reported correctly. Does anyone do this? I’m 27, but the site says you can only dispute reported salary for three years after it is recorded. That would make me think it’s a good idea to check the site each year regardless of age.
3
Posted on 11/27/17 at 9:34 pm to iamAG
It takes about 3 minutes a year, what is there to even think about.
Posted on 11/27/17 at 9:59 pm to iamAG
quote:
When should yo my start monitoring your social security benefits?
quote:
I’m 27
Let me save you some time. It'll be $0.
Posted on 11/27/17 at 11:00 pm to The Boat
quote:
Let me save you some time. It'll be $0.
Unfortunately this is probably going to be true. Do not plan your retirement around SS. If it happens to be there then great, but it's not likely.
Posted on 11/28/17 at 2:23 pm to iamAG
If I ever get a dime out of SS it will be a miracle.
Posted on 11/29/17 at 10:02 am to JamalSanders
I'm 56 and think the same thing.
Posted on 11/29/17 at 11:01 am to Barneyrb
Just wait until they change the tax rules on IRA’s and 401k’s an penalize people that actually saved money instead of living in the moment.
Posted on 11/29/17 at 11:54 am to TigerGrad2011
I wish the government would allow people to opt out of social security if they want to take full responsibility for their own retirement. I'm 40 years old and I absolutely hate the thought of continuously pumping my hard earned money into to something I will likely not be able to realize whenever I'm ready to retire.
Posted on 11/29/17 at 11:56 am to Hammond Tiger Fan
I'm not an OT baller but I'm kinda pissed knowing I put 5 grand into SSec this year and I will never see it.
I hate to see how much you real ballers put into.
Although if memory serves me correctly there is a cap no?
I hate to see how much you real ballers put into.
Although if memory serves me correctly there is a cap no?
Posted on 11/29/17 at 11:58 am to 50_Tiger
quote:
I hate to see how much you real ballers put into.
None goes in after first $118,500. Bet that changes before long.
Posted on 11/29/17 at 12:03 pm to 50_Tiger
quote:
I'm not an OT baller but I'm kinda pissed knowing I put 5 grand into SSec this year and I will never see it.
By the end of this year, I would have paid about $6,500 towards social security. If I was allowed to use that money to add to my 401k on top of what I already contribute, I would project to have close to $4M by the time I retire.
This post was edited on 11/29/17 at 12:05 pm
Posted on 12/1/17 at 4:39 pm to arkiebrian
quote:Is this part of the supposed new tax plan? I don't follow politics and haven't reviewed in detail, but that would be ridiculous considering us younger folks will never get SSN anyway (due to future lack of funding and/or means testing). Plus the mid-year "pay raise" is always nice.
None goes in after first $118,500. Bet that changes before long.
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