Monday, March 15, 2010

Protect your income from social security error

We all make mistakes, and the Social Security Administration is not free. If you have relied on Social Security as part of its income in retirement, it is important to be careful to have your income is to be at level. This is a financial calculation, and if a mistake is made, which could affect income.

Here are some suggestions:

- Erroneous Data Reporting: Social Security income based on your earnings. If an error in reporting madeCalculation can be done. Each year, the Social Security Administration should send a statement of your account. Look and compare it with your tax return. Even a small error can affect the long term. The report will call a hotline and speak with a real person .... Here's the number. 800-772-1213.

- Miscalculations: Your benefits are based on a mathematical formula. Make sure that no mistake was made in the calculation, go to their websiteYou can check their math. http://www.socialsecurity. gov

- Incorrect personal information: This could be a bug in the chart-data, social security number, marital status and address. Many times errors are to change after a divorce and a name.

- Incomplete information about a spouse: Many times one spouse will keep her name in marriage and Social Security records are not adjusted to reflect marital status. In the case of polygamy,the surviving spouse may not receive all expected benefits, a calculation may include former spouses.

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