Preparation for Tomorrow Begins Today

October 31, 2017
Three most common ways to save for retirement: Social Security, private saving and investing and workplace retirement accounts.

Retirement may seem far away, but time moves quickly, and it’s important to have a plan for the day when you no longer report to your nine-to-five job. Now is the perfect time to start planning for retirement, and we’ve got you covered.

Your personal my Social Security account is one of the most powerful tools available to help you prepare for retirement. With a personal my Social Security account, you can:

  1. Verify your lifetime earnings record and make sure all of your contributions are posted correctly.

  2. See the estimates of your future retirement or disability benefits on your Social Security Statement and the approximate amount your family may receive in survivors benefits. You can also get estimates of Social Security and Medicare taxes you’ve paid.

Once you verify that your earnings record is correct, you can use our Retirement Estimator to get customized benefit estimates. Plug in different numbers, retirement dates, and scenarios to help you decide the best time for you to retire. Keep in mind these are estimates — not guarantees. Social Security cannot provide your actual benefit amount until you apply for benefits.

On average, Social Security replaces about 40 percent of your pre-retirement income. This means that a solid retirement plan must include planning for income other than Social Security. We encourage you to contribute to pension and savings plans offered by your employers. You should also maintain and grow a personal savings account. If possible, you should also open and regularly contribute to an individual retirement fund.

If you follow these steps, you’ll be on your way to ensuring a secure retirement life that covers you and your loved ones. Visit SocialSecurity.gov today and learn the many ways Social Security can help you plan for the future.

Back to Top

You might also like …

  • Find Veterans Day Volunteer Ideas

    Veterans are a major part of any American community and it's important to make sure they're not left behind. Volunteers help vets every day, and Veterans Day is the perfect occasion to give back.

  • USAGov’s Guide for Voters with a Disability

    This Election Day, millions of Americans will visit a polling location to exercise their constitutional right to vote.

  • Recovery after Hurricane Florence

    Hurricane Florence has brought heavy wind and rain to large parts of the East Coast. Stay informed on the latest warnings, advisories, and the path of Florence with bulletins from the National Weather Service.

  • Want to Become a Federal Government Contractor? Here are 3 Tips

    Bidding on and winning federal contracts can be a great way to expand and grow your small business. Check out these tips from USA.gov to help you perform market research, find helpful resources, and more.

  • Eight Tips to Be Ready for Hurricane Florence

    Hurricane Florence is bringing heavy wind and rain to large parts of the East Coast in the coming days. Here are recommendations for how to prepare and survive the storm.

Share This Page: Facebook Twitter Email

Back to Top

What you think matters!