Setting Goals For Retirement? 4 Questions About Social Security That Can Help You Plan

Dec 14, 2022 | First Person

By Dawn Bystry, Deputy Associate Commissioner, Office of Strategic and Digital Communications, Social Security Administration

Social Security benefits are part of the retirement plan of almost every American worker. If you’re among the many people covered under Social Security, you should know what your future benefit may be. These monthly payments may be a vital part of your retirement income.

Your benefit payment is based on how much you earned during your working career. Higher lifetime earnings result in higher benefits. If there were some years you didn’t work or had low earnings, your benefit amount may be lower than if you had worked steadily. Even if you have never worked under Social Security, you may be able to get your spouse’s retirement benefits if you are at least 62 years old and your spouse receives retirement or disability benefits. 

The Social Security Administration’s online retirement portal is a great place to start mapping out your retirement plan. There, you’ll find important information that you should know. For example, have you considered:

  • When you should apply to start retirement benefits?
  • What documents you need to provide?
  • Which factors may affect your retirement benefits?
  • What you should remember to do after you apply for retirement benefits?

You can use your personal my Social Security account to get an instant estimate of your future retirement benefits. You can also see the effects of starting your retirement benefits at different ages.

Benefits for family members may also be important to you. When you start receiving Social Security retirement benefits, members of your family may also qualify to receive benefits on your record. You can learn more on the Benefits page. And be sure to share this information with family, friends and other women business owners!

Create Your Personal my Social Security Account

A free and secure my Social Security account provides personalized tools for everyone, whether you receive benefits or not. You can use your account to request a replacement Social Security card, check the status of an application, estimate future benefits or manage the benefits you already receive. Get started here.


Skip to content