How often should individuals review their Social Security statements?

Reviewing Social Security statements annually is recommended to ensure that individuals can verify the correctness of their earnings records and any projected benefits they may receive upon retirement. This annual review helps to catch any discrepancies in earnings that could impact benefit calculations, ensuring that individuals are accruing the correct amount toward their future benefits.

Additionally, monitoring statements annually allows individuals to stay informed about their benefits and any potential changes in Social Security law or policy that may affect them. By staying proactive and reviewing the statements regularly, individuals can take necessary steps to rectify any inaccuracies well before they reach retirement age. This practice also helps in retirement planning by providing insights into what benefits to expect based on current earnings and contributions.