Tuesday, May 15, 2012

Personal Finance News Tuesday 5/15

Phil's Personal Finance Tip of the Day:

New online tool helps you estimate Social Security benefits
By Sandra Block, USA TODAY

If you're feeling nostalgic about the days when you drank Pabst Blue Ribbon beer because it was cheap, not trendy, a new online tool from the Social Security Administration will take you on a walk down memory lane.

On May 1, Social Security launched a feature on its website, www.socialsecurity.gov, that allows workers to view an online version of their Social Security earnings and benefits statements. The program also allows you to estimate your retirement, disability and survivors benefits.

You can use this tool to show your kids how little you made when you started working (after you've reminded them that you walked 5 miles to get to school, without an iPod or cellphone). But more important, it can help you receive all of the benefits you're due, and make smart decisions about when to claim them.

To read the entire article By Sandra Block, USA TODAY:
http://www.usatoday.com/money/perfi/columnist/block/story/2012-05-10/social-security-online-sandra-block/54963382/1

Quote of the Day from Dave Ramsey.com:
Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude. – Thomas Jefferson

Please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST. at Dave Ramsey.com.

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