Thursday, May 19, 2022

How Do I Figure Out My Social Security Number

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What If I Continue Working In My 60s

How to Find a Social Security Number

Many people whose health allows them to continue working in their 60s and beyond find that staying in the workforce keeps them young and gives them a sense of purpose. If this sounds like something youâd like to do, know that working after claiming early benefits may affect the amount you receive from Social Security. Why? Because the Social Security Administration wants to spread out your earnings so you donât outlive them. If you claim Social Security benefits early and then continue working, youâll be subject to whatâs called the Retirement Earnings Test.

If youâre between age 62 and your full retirement age, and youâre claiming benefits, you need to know about the Earnings Test Exempt Amount, a threshold that changes yearly. For 2021, the Retirement Earnings Test Exempt Amount is $18,960/year . If youâre in this age group and claiming benefits, then every $2 you make above the Exempt Amount will reduce by $1 the Social Security benefits you’ll receive.

Contrary to popular belief, this money doesnât disappear. It gets credited back to you – with interest – in the form of higher future benefits. You may hear people grumbling about the Social Security âEarnings Taxâ, but itâs not really a tax. Itâs a deferment of your benefits designed to keep you from spending too much too soon. And after you hit your full retirement age, you can work to your heartâs content without any reduction in your benefits.

How To Calculate Social Security Benefits

This article was written by Jennifer Mueller, JD. Jennifer Mueller is an in-house legal expert at wikiHow. Jennifer reviews, fact-checks, and evaluates wikiHow’s legal content to ensure thoroughness and accuracy. She received her JD from Indiana University Maurer School of Law in 2006.There are 10 references cited in this article, which can be found at the bottom of the page. This article has been viewed 52,966 times.

Understanding how much you’ll receive each month in Social Security benefits is a big part of retirement planning. The average is around $16,000 a year, but the actual amount you’ll receive depends on how much money you’ve put into the system. The Social Security Administration and other groups have online calculators that can help you estimate your benefits, but to calculate them more exactly you’ll have to calculate your average indexed monthly earnings to find your primary insurance amount. This amount must then be adjusted up or down to account for the age you decide to retire.XResearch source

Dissecting The Social Security Number

The nine digit social security number is grouped into three parts the area number, group number, and serial number.

The Area Number

The area number is the first grouping in the social security number. Originally, the area number indicated the location of the Social Security Administration office where an SSN was issued . Individuals could apply at any office, so the area number was not an indication of where they lived or worked. This changed in 1972 when the Social Security Administration began issuing SSNs from its Baltimore headquarters and assigning area numbers based on the applicants mailing address.

Anyone who applied for a social security number between 1972 and 2011 will have an area number that correlates to the mailing address listed on their application . However, the area number cannot be used to determine residence since you can have mail sent to any location. In 2011, the SSA changed the way area numbers are assigned yet again to a system called randomization. Anyone applying for an SSN after June 25, 2011 has received a randomized area number that has no correlation to any location .

The Group Number

The middle section of numbers is simply there to make administration easier for the SSA. The group number ranges from 01 to 99 and allows Social Security Numbers with the same area number to be broken into smaller pairings. Geographic data is not indicated by the group number.

The Serial Number

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Adjust Your Pia For The Age You Will Begin Benefits

The final amount of Social Security retirement benefit that you receive is based on the age when you begin benefits.

The earliest you can begin retirement benefits is age 62 . You get more by waiting until a later ageas late as age 70to begin benefits.

Of course, another complex formula is used to determine how much more you will receive if you wait.

This formula uses your Primary Insurance Amount calculated in the previous step. This is the amount you will get if you start benefits at your full retirement age . Your FRA can vary, depending on the year you were born. For people born between 1943 and 1954, as in our example, the FRA is age 66.

For people born on Jan. 1, the FRA is based on the year prior. Someone born on Jan. 1, 1955, will have an FRA based on 1954.

A reduction is applied to your PIA if you begin benefits before your FRA. A credit, referred to as a “delayed retirement credit,” is applied if you begin to receive benefits after your FRA.

How To Find Your Social Security Number Online

Dont give your Social Security number at these places ...

The Social Security Number is a number that the U.S. government provides to all permanent residents, citizens and temporary residents. This number is required if you are applying for a new job or if you want to receive Social Security benefits or services from banks and credit card companies. Finding your SSN online is a simple process and can be done in a few steps.

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Log Onto The Us Search Website

Log onto the U.S. Search website. This is also a site where you can input your information to retrieve your SSN. There is a link to this site in the Resources section. Click on the link and when you arrive on the main page input your full name, age and location. Click on “Search” and you will be taken to a new page where you can acquire your SSN and other data for a fee.

Take care with businesses that offer to provide Social Security numbers for a fee. Some of these sites may offer few safeguards regarding the privacy of your personal data, and your SSN is not something you want to be taking any risks with. The Social Security Administration is the best place to get a replacement card and they currently offer this service for free.

References

Social Security Administrations User

The Social Security Administration web site provides clear and reader-friendly information: www.ssa.gov/ssnumber. All applications for SSNs, whether original, replacement, or for change of name or data, use the same form, the SS-5 form . The different purposes may occasion differing degrees of documentation.

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How To Get A Social Security Card

  • Gather your documents. Learn what documents you’ll need to get a card. Select your situation:
  • Adult or child
  • Original, replacement, or corrected card
  • U.S. born citizen, foreign born U.S. citizen, or noncitizen
  • Apply online for a replacement card. Apply online if youre not changing anything on your card and you are eligible. This option is available in most states. You will need to make a my Social Security account first. Or complete an application. If you can not apply online, fill out an application and return it to the SSA. Find out where to take it in person or mail it.
  • Find Out Your Estimated Social Security Benefits

    How to find out a Social Security number Fast?

    Periodically checking your estimated Social Security benefits serves several purposes: It helps you plan for retirement and allows you to check for and correct errors.

    The Social Security Administration keeps a database of your earnings record and work credits, tracking both through your Social Security number. You can see this information on your Social Security Statement, which is available to everyone age 25 and over. The Social Security Statement also gives you an estimate of the benefits you’ll receive at retirement age, which can play an important role in your financial planning.

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    How Are Social Security Spousal Benefits Calculated

    To understand Social Security benefit calculations, you first need to understand one piece of jargon: primary insurance amount . A persons primary insurance amount is the amount of their monthly retirement benefit, if they file for that benefit exactly at their full retirement age.

    A Social Security spousal benefit is calculated as 50% of the other spouses PIA. Note that the age at which the other spouse files for Social Security benefits doesnt affect this calculation.

    Example: Jane files for her retirement benefit at age 63 and is therefore receiving a retirement benefit that is smaller than her PIA. Janes husband Bob files for a benefit as Janes spouse. Bobs spousal benefit will initially be calculated as 50% of Janes PIA.

    If Jane had filed for retirement benefits after her full retirement age , Bobs benefit as Janes spouse would still be calculated as 50% of Janes PIA. Again, the age at which Jane files for retirement benefits does not affect the amount that Bob can receive as Janes spouse.

    How Social Security Numbers Have Changed Over Time

    Today the SSN is 9 numbers long, but before the system was created in 1936, there were a few different options. There was the option of the 9-digit number we have today, an 8-digit number that consisted of a 5 digital serial number with a 3 digit geographic indicator, and a 7-digit version which had 4 digits and 3 alphabetic characters.

    For those born in the last few years, Social Security Numbers have changed. In 2007, the Social Security Administration said that it was going to change the previous method for giving out Social Security Numbers and go to a random process. This change went into effect in 2011.

    Now, there is no longer geographical significance to the first three digits, and now they have begun using numbers never used before, like 900s.

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    How To Correct An Error On Your Social Security Statement

    If you have evidence of your covered earnings in the year or years for which you think Social Security has made an error, call Social Security’s helpline at 800-772-1213, Monday through Friday, from 7 a.m. to 7 p.m. This is the line that takes all kinds of Social Security questions, and it is often swamped, so be patient. It is best to call early in the morning or late in the afternoon, late in the week, or late in the month. Have all your documents handy when you speak with a representative.

    If you would rather speak with someone in person, call your local Social Security office and make an appointment to see someone there, or drop into the office during regular business hours. If you drop in, be prepared to wait, perhaps as long as an hour or two, before you get to see a representative. Bring with you two copies of your benefits statement and the evidence that supports your claim of higher income. That way, you can leave one copy with the Social Security worker. Write down the name of the person with whom you speak so that you can reach the same person when you follow up.

    The process to correct errors is slow. It may take several months to have the changes made in your record. After Social Security confirms that it has corrected your record, request another benefits statement to make sure the correct information made it to your file.

    How Much To Save For Retirement

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    Naturally, the next question becomes: how much should a person save for retirement? Simply put, it’s an extremely loaded question with very few definite answers. Similar to the answer to the question of whether to retire or not, it will depend on each person, and factors such as how much income will be needed, entitlement for Social Security retirement benefits, health and life expectancy, personal preferences regarding inheritances, and many other things.

    Below are some general guidelines.

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    How Can I Find My Social Security Number Online

    You will need to have a My Social Security account to access your SSN online. If you have not already signed up for an account, then you will not be able to get one until you find your number using another method. Knowing your SSN is required to sign up for an account, but once you have the account, you can access it using your user name and password.

    Ask Questions When They Ask For Your Social Security Number

    There is no law that prevents businesses from asking for your SSN. And you may be denied service if you don’t give the number. If giving your SSN to a business doesn’t seem reasonable to you, ask if you can show another form of identification. Or ask if the business can use another number as your customer number.

    Remember that some government agencies can require your SSN. These agencies include DMV, welfare offices, and tax agencies. Look for the required “disclosure” form. The form should state if giving the number is required or optional, how it will be used, and the agency’s legal authority to ask for it.1

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    When Will I Receive My Social Security Check

    The Social Security Administration’s payment calendar helps recipients plan for payments. If you were born in the first 10 days of your birth month, then you receive payments by the second Wednesday of the month. Those born on the 11-20 receive payments by the third Wednesday. Those born on the 21-31 receive payments by the fourth Wednesday. However, those who began receiving payments before May 1997 receive payments by the third day of each month.

    The First Part Area Number

    What Does Your Social Security Number Mean?

    Beginning in 1973, the first three digits of a Social Security Number were related to the zip code of the mailing address that is on the application. Before 1973, the numbers were assigned in field offices and was unique to each individual field office.

    No legal Social Security numbers will start with:

    • 000
    • 666

    This is an immediate indicator that a Social Security number is fake or written incorrectly.

    Since these first numbers are related to the area and state where you filed the Social Security Number application, it sometimes refers to the state where you were born. We have put together a state and territory prefix that will tell you which state has which numbers.

    This is not a reliable way to determine a Social Security number because there are no laws that says you must file in the state where you were born. The numbers are similar to how the U.S. has established zip codes. Lower numbers are typically found in New England and the Northeastern U.S. and rise as you move south and west.

    Note that since 2011, this system has changed to a random numerical system that no longer ties to your geographical location. This was for identity protection.

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    Social Security Cards: Documents Required To Obtain A Social Security Number And Card Or A Replacement Card

    April 2021: All local Connecticut Social Security offices will be closed to the public for in-person service unless you have an appointment. Appointments will be for specific situations where dire needs exist. To locate local site numbers and information please use the website Federal agency administers retirement, survivors, disability, and Medicare benefit provisions of the Social Security Act.

    If an individual is unable to conduct business online, check the online field office locator for specific information about how to directly contact a local office in your area. The National 800 number is 1-800-772-1213 and .

    +++++++++

    The following information was obtained from the U.S. Social Security Administrations web page at: .

    To Obtain a New Social Security Number and Card you will need to provide at least two documents to prove age, identity, and U.S. citizenship or current immigration status.

    The new online service allows individuals to get replacement Social Security cards through the Social Security Administration website at: www.socialsecurity.gov/ssnumber

    To Obtain a Replacement Card, if lost or stolen, you must prove your identity and U.S. citizenship.

    To prove identity: Social Security must see:

    • U.S. drivers license or
    • State-issued non-driver identity card or
    • U.S. passport.
    • Employee ID card
    • Letter from doctor, with your name, address, social security number and doctors name, address, and signature

    Getting A New Social Security Number

    If you have a newborn child or are a new citizen to the United States, there is a process to get a new Social Security number. This process involves printing out for your new Social Security card which will contain your ID number. You can use this number to apply for bank accounts and for scholarships, and will be essential to establishing yourself as a citizen in the US.

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    How To Calculate The Social Security Breakeven Age

    For example, if you were born in 1960, your FRA is 67. If you choose to begin receiving Social Security income at age 62, which will be in 2022, then your FRA benefit will be reduced by 30%. Assuming that full monthly benefit would be $1,000, you will be left with a monthly Social Security check of only $700.

    If a co-worker with the same birth date and similar earnings history elects to receive their benefit at FRA five years later, then their benefit will be $1,000 each month. For the first five years, you received a total of $42,000 , while your co-worker received nothing, so you are ahead. Once your co-worker starts receiving benefits, however, they get $300 more each monthor $3,600 more each yearthan you do. So when will your co-worker catch up to you in total benefits? Lets plug the numbers for both of you into a Social Security breakeven calculator, which divides the amount by which you are ahead by the higher amount per year that your co-worker receives.

    The answer is when you are both 78 years and eight months, or 11.67 years after your FRA. After this point, your co-worker will earn more over their lifetime than you will.

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