The Consumer Financial Protection Bureau (CFPB) is conducting consumer outreach urging that they create online accounts with the Social Security Administration.
The notice followed the Aug. 17 kick off of National My Social Security Week, which ends Aug. 23.
“Whether you’re one of the millions of workers who pay Social Security taxes or the 50 million retired Americans and dependents who receive benefits, it’s good to keep track of your Social Security benefits,” CFPB says.
The account allows participants secure online access to Social Security information, including earnings records and estimated benefits, which can inform retirement planning. Updating personal information is also possible through the site.
“You could also spot fraud or misuse of your Social Security number,” CFPB says.
Written by Cassandra Dowell