Social Security My Account Setup Guide, Why social Security? Basically, social security is the foundation of economic security for millions of Americans it includes retirees, and disabled persons, including families of retired as well as disabled or deceased workers. According to a survey so far 160 plus million Americans pay social security taxes and 60 million collect monthly benefits from it. This includes disabled people, they receive income in the 1:4 ratio from social security.
Social security is nothing but pay as you go program. In short, it means today’s workers pay social security taxes in to this program later money flows back as monthly income to beneficiaries. As earlier we said this is pay as you go system, social security differs from company pensions, which are pre-funded.
In pre-funded retirement programs, your money is accumulated in advance so that later it will be available to be paid after their retirement.
Social Security My Account Setup Guide
In this article, we will be going to show step-by-step procedures regarding
Learn setting up Social Security Account with Ease
There is no age restriction on creating my social security account, whatever your age may be setting up my social security account is a great idea. Especially for those peoples who hates the long lines at the social security Office!
From this article, you are able to easily sign in to this portal without doing a single visit to the SSA office. If you have not signed up for your account then create your own today, if already have your account then you will be able to do the following things after successful signup.
If you have already filed for Social Security You are able to do:
- Change your address.
- Check your benefit and payment history.
- Request a replacement Medicare card (if over 65).
- Instantly print a letter with proof of your Social Security benefits.
- Change your direct deposit.
- Get a replacement SSA-1099 or SSA 1042S for tax purposes.
Also Read: Social Security Gov My Account Online Services
If you have not already filed for Social Security You are able to:
- Apply for Social Security benefits
- Verify your earnings history and then keep track of your yearly earnings
- Get an estimate of your future benefits
Create Account Social Security – Create your Online Social Security My Account
The setup of your SSA account is very easy, we will show you with step by step procedures.
#Step1
At first visit the social security sign in page by copy and pasting following link www.ssa.gov/myaccount in to your browser. Once site opens simply click on the Sign In or Create an Account button
#Step2
On the next page, you’ll want to read the information carefully before you click “Create An Account.” It discusses the information you’ll need to have handy in order to set up the account. It also makes it clear that you can only set up your own personal account for your exclusive use.
#Step3
In the third step, you need to read and agree to my Social Security Terms of Service. Like step two, you should carefully read this page before clicking in the “I agree” box and then clicking “Next.” Although you need to understand this information for yourself, here’s a summary of what you are agreeing to.
You will never share your information with anyone or use anyone’s account you understand that the Social Security Administration uses a credit reporting agency to verify your information when you are opening this account. In order to verify your information, they must make a “soft” inquiry on your credit report.
This soft inquiry should not affect your credit score. Once you open an account, you will no longer receive a paper statement in the mail. Instead, you’ll receive an annual email reminding you to log in and check your information.
#Step4
Now it’s time to start verifying your identity. You’ll need to fill in your name, SSN, birthdate, address, and phone number. All of this information needs to be an exact match to what’s found on the Social Security records.
At the bottom, you’ll see the option to add extra security. By default, “No, maybe later” is selected. If you add this extra layer of security, you’ll receive a code by text message code to your cell phone each time you attempt to log in.
Additionally, to add this feature, you’ll have to verify your identity with one of the following: the last 8 digits from your Visa, MasterCard or Discover Card information from a W-2 tax form information from a 1040 Schedule SE (self-employment) tax form once you have completed filling in this information, simply click “Next” to proceed to the next screen.
#Step5
In step five, you’ll have to answer some questions that have been generated to help secure your identity. Beware! Not all of these questions are legitimate. They may ask you about a mortgage that you opened in a year where you never had a mortgage.
Don’t hesitate to click “none of the above” if you don’t recognize the information. If you get some of this information incorrect, don’t be surprised if they make you wait 24 hours before trying again.
If that happens to you, don’t give up! Come back and try again. Most likely, they’ll ask you a different set of questions in your next attempt. When you’re satisfied with your answers, click “Next.”
#Step6
You’re almost there! Now you just need to create a username and password. When creating a username, you cannot use your name or SSN. While it may not be as important as your password, you should still choose a username that is unique and not easily guessed.
When creating your password, it must be a minimum of 8 characters and include At least one number at least one uppercase letter. at least one lowercase letter at least one symbol additionally, it must begin with a letter or number. Choosing a strong password is really important.
After you choose your username and password, you’ll just need to provide them with a good email address. Remember that your statements will cease and you’ll just get an annual reminder email, so be sure and use an email address that you check regularly.
In the second part of this page, you’ll need to select answers to some questions in case you ever need to reset your password. Once that is finished, you’re ready to click “Next” and move on to the next page.
#Step7
Congratulations! You’ve set your account up. The only thing you need to do here is read the information and click “Next.”
#Step8
Once again, read and agree to the Terms of Service. Once you do, click in the “I agree…” box and then click “Next.”
That’s It! You Made It!
This is a very easy task, isn’t it? I know it’s appealing to start directing around. Now you’re ready to start using your online account. You should still be on the home screen and looking at an overview of your personal Social Security account.
In the Benefit & Payment Details tab you can view historical payment amounts and view what’s being deducted from your Social Security check. In the Earnings Record tab, you can verify whether or not the earnings are correct.
We highly encourage you to do this since your benefit amount is based on historical earnings. In the Replacement Documents tab, you can request a Medicare card replacement and instantly print your SSA-1099 along with a few other documents.
In the My Profile tab, you will be able to update your address, phone number, email, and direct deposit information.
