https://www.ssa.gov/myaccount/statement.html
Wanted to share this as a resource since I started doing a deep dive on the financial implications during one’s retirement years of being a homemaker earlier today in light of a new law in Florida stopping the practice of lifetime alimony.
Apparently the SSA’s website closes for the evenings. Who would have thunk.
I ran into this as well and honestly just can’t believe it. Like, this is something my grandparent would think might happen and I’d laugh at how silly it is. Yet here we are.
Those bits and bytes need time off too! 😂🤣
I’m 99% sure it’s because the website is hooked into ancient systems that need complete control over the data to process and update. So they run that part overnight to have up to date information for the next day.
This is funny, but not true. The federal government turns off servers and electronics after business hours in accordance with power-saving measures enacted by President Jimmy Carter.
Carter installed solar panels onto the White House in the late 70s, early 80s. Reagan came in and dismantled them.
That is so much worse.
I’m surprised!!!
If only there was a way to keep services up and running after hours. ¯\(ツ)/¯
You can open a.n account online though it’s a pain in the ass. But I like to keep track so I can figure out what kind of dumpster I’ll be able to afford in retirement.
Think about how well the SSA is funded and then consider where they might have cost cut. You’d be surprised how much contract IT eats into a budget.
This is rad. They have me starting work a year before I thought I did. Heck yeah. I’m doing much better than I thought.
It’s a good idea to check in on this every so often just to make sure your employers are paying their contributions too. I recall some horror stories when this this been posted before.
It’s also a massive YSK for personal data safety to make an account and set a password. Pretty much only accountants and data thieves use the site at present as most of the general public have no idea their info is just sitting there waiting to be claimed for anyone with some basic personal info that, thanks to data breaches, is not that hard to find anymore.
So theoretically as long as my gross was below the cutoff (currently $160K in 2023) would that keep a running tally of my gross earnings over the years or are there other things such as 401k that would reduce that amount?
I was wanting to calculate how much I grossed in my lifetime but of course don’t have a chunk of that data anymore.
Short answer is yes. Your SS is taken out before any reductions like 401k apply. Look at your W2 for any year where you just had one job(or didn’t change jobs) to make it simple. Your gross earnings for your job are the same as your SS taxable/taxed earnings, and should match your SS statement online.
Is this applicable to someone who worked in US for say 5 years on H1B visa and then left the country. I know I paid social security with each of my pay check. Would I be able to get any benefit when I retire (or before)?
I believe you need 10 years to qualify for benefits, be considered disabled, or married to someone who contributed for 10 years.
