Social Security Update: An Online Tool to Determine Your Monthly Benefits

Photo courtesy of The US Sun/Social SecurityPhoto byThe US Sun

Are you looking for a wto keep track of your current or expected Social Security benefits? It is always a good idea to monitor your finances, especially due to recent reports stating that Social Security fund reserves could run out by 2035. The future of your Social Security benefits is unclear, you can prepare yourself and take control of your benefits online by signing up for a My Social Security account. There, you'll be able to access your benefits information, as well as other options and updates. Once you created an account, you will see the expected benefit amount for when you retire. You can use this tool to file for retirement or disability applications, straight from your browser.

Based on your work history, your account will show you your current or expected future benefits based on your expected retirement age. There is a self-service option to request documents for filing your taxes, request a benefit verification letter, or change your mailing address and other personal information.

If you receive benefits now, here's the Social Security payment schedule.

To see all of your Social Security benefits online, you'll first need to create a My Social Security account. Here's what to do.

To access your social security online feature you will need to create an account first.

1. Go to ssa.gov on your browser, then scroll down and click Learn about my account next to my Social Security account.

2. Next, click Create an Account.

3. You will be prompted to sign in with your ID.me account or login.gov account unless you create an account before Sept. 18, 2021.

4. You will need to agree to the terms of service to continue once an account is created.

5. Next, you'll need to verify your identity. The Social Security Administration will send a one-time security code to your email.

If you have any issues accessing the website, contact the Social Security Administration Tech Support.