Everyone makes mistakes and the Social Security Administration is not exempt. If you are relying on Social Security as a portion of your retirement income it is important you make sure your income is at the level it is supposed to be. It is a financial calculation and if a mistake is made it could affect your income.
Here are some tips:
- Incorrect Reporting Data: Social security income is based on your earnings. If an error is made in reporting then the calculation can be off. Each year the Social Security Administration sends you a statement of your account. Look at it and compare it with your income tax returns. Even a small mistake can have a long term affect. Your report will have a toll free number to call to speak to a real person....here is the number. 800-772-1213.
- Incorrect calculations: Your benefits are based on a mathematical formula. Make certain that no mistake was made in the calculation, go to their website and you can double check their math. http://www.socialsecurity.gov
- Incorrect personal data: This could be a mistake in your birth-date, social security number, marital status or address. Many times mistakes are made after a divorce and a name change.
- Incomplete information about a spouse: Many times a spouse will keep their name in marriage and the government records are not adjusted to reflect the marital status. In the event of multiple marriages the surviving spouse may not receive all the expected benefits, a calculation can include previous spouses.
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