Channel3000.com
December 15, 2020 5:03 AM
newsfeedback@fool.com (Maurie Backman)
Posted:
Updated:
December 17, 2020 6:06 AM
Are you ready to bid adieu to 2020? Many of us are. But the truth is, you may have some unfinished Social Security business. Here are a few important moves to make before the new year.
1. Review your annual earnings statement
Your monthly Social Security benefit is calculated based on your wages during your 35 highest-paid years in the workforce. That’s why it’s important that the Social Security Administration (SSA) have accurate wage information for you on file. If there’s a mistake in your earnings record, it could result in a lower monthly benefit later in life.