HAWAII'S ONLY WEEKLY FILIPINO-AMERICAN NEWSPAPER
SERVING THE FILIPINO COMMUNITY SINCE 1993
APRIL 15, 2017
SOCIAL SECURITY UPDATE

Take Five Steps Toward Financial Security

by Jane YAMAMOTO-BURIGSAY

Social Security is celebrating its first National Social Security Month in April and is encouraging future recipients to take five steps toward financial security. Visit www.socialsecurity.gov/5-steps-toward-your-financial-security and take the five steps: 1. Get to know your Social Security; 2. Verify your lifetime earnings; 3. Estimate your future Social Security benefits; 4. Apply online for retirement, disability, or Medicare benefits; and 5. Manage your Social Security benefits.

During the month, Social Security will provide educational articles and video messages on its website featuring personal finance expert Suze Orman. Each message will provide the public with practical tips for developing a sound financial plan that includes Social Security as a foundation.

“With retirement, disability, and asurvivors benefits, Social Security helps secure today and tomorrow for millions of people throughout life’s journey,” Acting Commissioner Berryhill said. “By hosting National Social Security Month, we hope to help the public understand their Social Security protections and promote financial education.”

On average, Social Security replaces approximately 40 percent of pre-retirement earnings. To enjoy a comfortable retirement, most people will also need income from other sources — like pensions, savings, and investments. Yet nearly a third of America’s workers have no money set aside specifically for retirement.               

Throughout the month of April, groups and organizations will join Social Security across the country to help spread the word. The agency will be conducting social media outreach, including a Facebook Live Chat:

Social Security will participate in a Facebook Live Chat, hosted by USA.gov, on April 20, 2017, at 7:00 p.m. ET. The public may ask questions via livestream about the “5 Steps toward Financial Security.” 

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