Everyone needs to think about social security. Each U.S worker looks for a retirement plan that can be a source of income for retired individuals and their families. Check out for the latest retirement benefits on According to a report of SSA on November 25, and citizens also get to know the help of the retirement plan that will give you a safe and secured future.
Planning For Your Retirement
If you are looking for safe and secured retirement life, you need to plan your retirement much before and start saving. It would help if you remembered that while planning your retirement, Social security is one of the essential aspects. You will be amazed to know that retirement beneficiaries receive 40% of their pre-retirement income by just social security.
Eligibility For Social Security Benefits
You must first stay informed if you are eligible for the social security plan or not.
If you want to benefit and have social security in your retirement plan, you have to earn the credits while working and paying Social Security taxes.
The credits are determined based on your birth year, and mainly it works for ten years of work. You’ll need 40 credits if you were born in 1929 or later. In case you stop working, then the accumulation of credit points. But if you haven’t accumulated enough credits, it will stay on your record, and you can start re-adding credits once you return to work. But you cannot enjoy the retirement benefits if you haven’t accumulated 40 credit points.
So you need to plan and start accumulating the credits accordingly so that you can enjoy the benefits of social security in your retirement plans.
Check Your Earnings Record
The amount of Social Security payments you or your family get is determined by the wages on your record. Regular checking your Social Security earnings history will help you avoid unpleasant surprises when it’s time to start receiving benefits. With a personal Social Security account, you may look up your earnings history. To view your earnings history online, create an account right now.