Money Move: Check Your Social Security Reported Earnings

Sometimes I get tired of retirement calculators. There. Are. So. Many.

It was only after reading The Simple Path to Wealth that I realized you could actually check the exact amount you are expected to receive based on current earnings. That’s all there is to this money move.

Check your Social Security reported earnings and verify they are correct.
MO’s MONEY MOVE

Table of Contents

Steps

Step 1: Go to the Social Security website and create an account

Go to the following website and create an account and follow the steps.

ssa.gov/my-account

Step 2: Login and review your projected benefits

Once you do, it will give you projects based on your amount of reported earnings each year what your expected social security payments will be, whether that’s early, normal, or late. Here’s mine:

Step 3: Review and correct your earnings record

The last thing that you should do is review your earnings record. Your Social Security results are entirely dependent on what Social Security *thinks* you earned, and you can correct anything that is off (by submitting a request, a process I haven’t had to do).

If you have a high income job and it seems like your earnings are far less than you expect, you should know that there is an upper limit to the amount you can contribute in a given year (that increases every year). In 2023, for example, that amount was $160,200. Here’s an example of my page.