Prevent identity theft-protect your Social Security number
Your Social Security Statement
Prepared especially for Susan
J.
Jones
October 2, 2006
FF F 0001 000000001 01
SP
0.390
SUSAN J. JONES
6300 SECURITY BLVD
BALTIMORE MD 2
1
2 3
5
www. socialsecurity.gov
See inside for your personal information
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What's inside..
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Your Estimated Benefits
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2
Your Earnings Record..
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.3
What Social Security Means To
Some Facts About Social Security
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4
If You Need More Information
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4
To Request This Statement In Spanish
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4
(Para Solicitar Una Declaracidn en EspaRol)
This
Social Security Statement
will help you
understand what Social Security means to you
and your family. This
Statement
can help you
better plan for your financial future. It gives you
estimates of your Social Security benefits under
current law. Each year, we will send you an updated
Statement
including your latest reported earnings.
Be sure to read this
Statement
carefully. If
you think there may be a mistake, please let us
know. That's important because your benefits
will be based on our record of your lifetime
earnings. We recommend you keep a copy of
this
Statement
with your financial records.
Social Security is for people of all ages
...
It can help you whether you're young or old, male or
female, single or with a family. It's there for you when
you retire, but it's more than a retirement program.
Social Security also can provide benefits if you become
disabled and help support your family when you die.
Work to build a secure future
...
Social Security is the largest source of income for
most elderly Americans today. It is very important
to remember that Social Security was never
intended to be your only source of income when
you retire. Social Security can't do it all. You also
will need other savings, investments, pensions or
retirement accounts to make sure vou have enough
u
money to live comfortably when iou retire.
About Social Security's future
...
Social Security is a compact between generations. For
more than 60 years, America has kept the promise
of security for its workers and their families. But
now, the Social Security system is facing serious
future financial
~roblems. and action is needed
You
Today there are almost 36 million Americans age 65
or older. Their Social Security retirement benefits are
funded by today's workers and their employers who
jointly pay Social Security taxes -just as the money
they paid into Social Security was used to pay benefits
to those who retired before them. Unless action is taken
soon to strengthen Social Security, in just
11
years we
will begin paying more in benefits than we collect in
taxes. Without changes, by 2040 the Social Security
Trust Fund will be exhausted.* By then, the number
of Americans 65 or older is expected to have doubled.
There won't be enough younger people working to pay
all of the benefits owed to those who are retiring. At that
point, there will be enough money to pay only about
74 cents for each dollar of scheduled benefits. We will
need to resolve these issues soon to make sure Social
Security continues to provide a foundation of protection
for future generations as it has done in the past.
Social Security on the Net
...
Visit
www.socialsecurity.gov
on the Internet to
learn more about Social Security. You can read our
publications, use the
Social Security Benefit Calculators
to calculate future benefits, apply for retirement,
spouse's or disability benefits, or subscribe to
eNews
for up-to-date information about Social Security.
ht3.W
Jo Anne B. Barnhart
Commissioner
soon to make
s&e that thi system is sound when
today's younger workers are ready for retirement.
*
These estimates of the future financial status of
the Social Security program were produced by the
actuaries at the Social Securitv Administration based
on the intermediate
assumptidns from the Social
Security Trustees' Annual Report to the Congress
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