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Kiplinger
Kiplinger
Business
Kathryn Pomroy

How to Estimate Your Social Security Benefits in Six Steps

(Image credit: Getty Images)

Whether you’re early in your career or approaching retirement, it’s never too early to start planning for life after work. First step? Estimate your Social Security benefits well in advance. It's a great way to map out a secure financial future.

Social Security is like insurance for your later years. While employed, you pay into Social Security, typically through payroll withholding. If you’re self-employed, you pay Social Security taxes when you file your estimated taxes or federal tax return.

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