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The www.FedPrimeRate.com Personal Finance Blog and Magazine

Saturday, May 28, 2016

2016 Check On Social Security Estimated Benefits

Recently stopped by the Social Security Administration (SSA) website to check on my benefits.  The address is:


First, some context with regard to my situation:

  • I was born at the start of the greatest decade ever: the 1970's

  • I worked in corporate America until 1999, when I decided it was time for me to do what comes natural to people with my personality: self-employment.
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If I die this year, my daughter can count on around $659 per month from the SSA.

Notice that that one-time death benefit is for my spouse (I'm not married) or minor child is only $255.


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In order for me to qualify for retirement benefits when I reach 65, I'd need 40 "credits" of work.   Currently, I have 37.

 



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If I am not able to accumulate the retirement-minimum 40 credits by the time I'm 65, I will not qualify for Medicare.

 

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The system is setup so that even when deserving folks apply, seldom do they get approved, as a matter of course.

Feeling useless is pretty much a death sentence for someone like me, so this is n/a.

NB: I don't understand why the SSA is offering me a link to apply for disability benefits when they've already let me know that I don't qualify.  ???????????


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Bottom line: Based on these numbers, it's quite clear that one should always be realistic about Social-Security benefits.  Amen.

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