Are you planning for Social Security to be your primary source of living expenses during retirement? Do you know your expected Social Security monthly income during retirement? If not, it's time to find out.

If you want to find out the estimate of how much you might receive through social security when you reach retirement age, you can request an estimate by going to www.ssa.gov.

-Foundation for Financial Wellness

Video Transcript

In this lesson we are going to briefly touch on Social Security as one of the three categories of retirement income sources. However, be sure to take a look at the other lessons specifically on Social Security as its own topic.

Every paycheck you received throughout your life where there was taxable income, include payments to social security.  Those small deposits created a supplemental retirement fund through the social security administration. Some are adamant that social security will not be there when they retire. Either way social security is here now and is a way to supplement your retirement plan.

If you want to find out the estimate of how much you might receive through social security when you reach retirement age, you can request an estimate by going to www.ssa.gov.

OK, now a quick review for you to decide if you have any decisions to make or actions to take.

Have you gone to the ssa.gov website yet to download your Social Security Benefit estimate?

As always, don’t forget to take advantage of your private counseling session. It’s included, it’s private and confidential and it’s always with one of our Certified Financial Wellness Counselors. To schedule your counseling session, simply click on the "Request Counseling" button.