Not retiring for 20+ years? Four things to know about Social Security

The RSSA Team

The RSSA Team

June 3, 2025 Retirement

Not retiring for 20+ years? Four things to know about Social Security

Social Security might seem like something to think about later, but understanding it now can make a big difference.

Whether you’re planning your own future or advising clients, learning how Social Security works early on can help you make smarter financial decisions and avoid surprises down the road.

Here are four key things to know, even if retirement is still years away:

1. Social Security isn’t going away.
Despite concerns about the future of the program, benefits will still be paid. They may be reduced if no changes are made, but the program itself is not going anywhere. Staying informed can help you plan for different scenarios.

2. Benefits are based on your highest 35 years of earnings.
The more you earn during those years, the higher your benefit will be. Every year you work and contribute counts, especially during your peak earning years.

3. Check your earnings record.
Mistakes can happen, and they can impact your future benefits. Visit SSA.gov to review your record and make sure everything is accurate.

4. The sooner you understand it, the better your decisions will be.
Learning the basics now helps you make informed choices about your career, savings, and retirement goals. It also helps you avoid costly missteps later on.

Social Security is a key part of your financial future. It’s never too early to start paying attention.

 

 

Photo by Andrea Piacquadio | Pexels

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