What to know as Social Security recipients have to update their online accounts

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Published 2024-07-18
CBS News business analyst Jill Schlesinger explains a change to online Social Security accounts that will impact millions of beneficiaries.

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All Comments (21)
  • @FrankieD92
    Had a friend who waited until 70, developed leukemia and died; old boss waited, never made it past 67…grab the money…
  • @joanferguson420
    You wait too long and you may not live long enough to collect your benefits
  • @roadeomagic
    I retired at 62, and I'm collecting at 62. I am not promised tomorrow therefore I'll get what I can take right now.
  • @honeybadger3570
    Why are our elderly being forced to work until they're 70 years old to collect full benefits after working for 40-50 years straight!?! THAT'S FUUUDGED UP Y'ALL!
  • Retire at 62 you will loose a little bit but you may not live to 67 or 70 and you never know when your health fails
  • I will bet , most senior citizens will quit half way through the update , because it is SO CONFUSING . Thanks again Washington !!!!!!!!!!!!!!!!!!
  • @steveschultz300
    Questions: Why did they "jack" around with the "full retirement age"? And why is my social security money taxed? I already paid taxes on it!
  • I Retired at 62 and never looked back !! I've worked with some who waited till 67 / 70......they died a little afterwards ! Like what been said... "Grab the Money" and Enjoy your Retirement ! I'm 76 and still enjoying Life ..................
  • @LoveLee-jz1tj
    Online account should be voluntary,not mandatory. I choose to do my banking in person and to not connect my bank account to ANYTHING DIGITAL. Because, anything digital can be hacked. 1 out of 4 people are victims of identity theft.
  • @Giannboy1
    I applied at age 62. I asked the SSA agent about waiting until 67 or 70 and she said - straight from the agent's mouth - "You can wait until you're older, but you'll be missing out on 5 to 8 years of income." Think about that and you longevity.🤔
  • @tlau4710
    The government wants everyone to wait until 70 to start collecting checks, in hopes one doesn't reach 70 or expires shortly after. Take care of your health and be mindful of how/if your benefits may affect your spouses.
  • @filmbuff000
    Terrible spokesperson. There are options regarding when to take it, as noted, but what she completely failed to do was explain them properly, instead insisting that the only smart approach is to wait until age 70. That's simply NOT TRUE. Consider when you will "break even," for example. If you want me to explain that, just ask. Hopefully, people will do their own research in order to make informed decisions.
  • One thing they forget to mention is the ability to collect at age 62 and continue to work in some capacity. You will need to be careful not to make too much, because it interferes with how the IRS taxes your social security. Tomorrow is not promised to anyone.
  • @fatjoe3391
    I don't do private crap on line period.
  • @stormym5434
    I am with most of the commenters,, I got my social security at 62. The few extra dollars that I could have gotten are not worth it for me, especially since I have respiratory issues and don’t even know if I will live till 70😐…I was in the workforce for 41 years…I want to enjoy my life for as long as I have left ☺️
  • What she didn’t mention is that the break even is around age 78.
  • @gailarnold2660
    I laughed when they said you can call SS or go into your local SS office if you need help. lol. I called 12 times and left 6 messages and NEVER helped. You also can't go into your local office now either. You have to call and make an appointment to see someone. When you call them they never ask you to make an appointment to come in and just refer you to someone in Chicago to call. There also is no way to send an email for assistance. One guy yelled at me and said "people go on vacations!" when I asked why my assigned rep wasn't answering her phone or responding to messages. He also told me to leave a very long and detailed message, like I wasn't doing that already. That is a nice long vacation and no one covers for peoples vacations? For the 7 months I was trying to get a response to my problems! Good Luck to you all.
  • Retiring next year at 62. Too many die trying to wait to 67 or 72 and don't get to take advantage of what they invested in all their working lives.