How the Social Security Administration Just Made Retirement Planning a Little Easier

Core Insights - The Social Security Administration (SSA) has enhanced its mySocialSecurity site with new features aimed at improving retirement planning for users [2][5]. Feature Enhancements - The retirement calculator allows users to compare monthly benefit estimates for ages 62 through 70, providing a realistic assessment of when one can afford to retire [5]. - An age-based fact sheet has been introduced, detailing the relationship between birth year and full retirement age (FRA), including the impact of claiming benefits early or delaying them [8]. Historical Context - The mySocialSecurity site was launched in 2012, evolving from a time when individuals had to manually calculate retirement benefits without online resources [3][7]. - The SSA's previous site, introduced 13 years ago, consolidated Social Security information, making it easier for users to track their retirement savings needs [7].