Ask Larry

Did You Know That The Statements Provided By Social Security Have Significant Math Errors?

Are you aware that the new Your Social Security Statement published by the SSA has significant math errors in the calculation of benefits amounts for the ages 67, 68, and 69? About 6 months ago the SSA revised that statement to include a section that shows the amount of potential benefits at each year from FRA until 70. But the amounts do not match the 8% increase figures which are correctly shown on special pages for each year like this one for my birth year, 1956. The amounts on their new statement are significantly understated for ages 67, 68, and 69. I have tried calling and writing to their customer service but I cannot get a response from them about this issue.

Hi. I can't speak to the accuracy of the benefit estimate statements that Social Security provides, but the benefit calculator included in our software ( does produce accurate benefit calculations.

Best, Jerry

Apr 19 2022 - 12:59pm
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