Handwriting on the Wall?

My client just contacted Social Security to get an updated copy of his Social Security statement and received the following note:

In light of the current budget situation, we have suspended issuing Social Security Statements.

You may be able to estimate your retirement benefit using our online Retirement Estimator.

You might want to give your retired clients a “heads up” so they’re not surprised.

According to RetirementRevised “The agency plans to save $30 million by suspending mailings for the remainder of the current fiscal year, which ends in September, and an additional $60 million next year by restricting mailings to workers 60 and older…. it’s working on an online download option for everyone else.”

1 comment so far

  1. […] according to planner Harold Evensky. Estimates of your Social Security benefits can still be had at the SSA’s online calculator […]

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