April is Financial Literacy Month, and Social Security is promoting future planning.
Jack Myers with Social Security indicates that Financial Literacy Month also serves as a reminder that Social Security is a vital part of any financial plan.
The Social Security online tools are available to help you understand your potential Social Security benefits and how they fit into your financial future. Myers encourages periodically reviewing your Social Security Statement available within your mySocialSecurity account.
For most people, Social Security is an important part of their financial future, but it won’t be enough to live off of. Financial Literacy Month is a good time to start thinking about retirement planning if you haven’t already done so. Myers uses the metaphor “three-legged stool” of retirement planning as a representation of what you should try to plan for.
Social Security has updated its 'Information for Financial Professionals' webpage to better support professionals who help individuals plan for their financial future. Myers says this refreshed page brings together key informational resources in one convenient location.
Those Social Security URLs for financial planning are www.ssa.gov/myaccount for your 'mySocialSecurity' account, www.ssa.gov/pubs for the Information for Financial Professionals webpage, and ssa.gov for general Social Security information.
