You should also contact the Social Security Administration ASAP to fix those errors, and have proof like W-2s, tax returns or at least your employer's contact details ready. 2. Wrong start date ...

But incorrect or omitted earnings could cause you to miss out on thousands of dollars in retirement benefits. It's up to individual employees to spot mistakes and take action to correct them.

[Read: What the Social Security COLA for 2020 Means For You.] The High Cost of Incorrect Earnings. Your Social Security payments are calculated based on the 35 years of your career in which you ...

You should also contact the Social Security Administration ASAP to fix those errors, and have proof like W-2s, tax returns or at least your employer's contact details ready. 2. Wrong start date ...

Those who earn more than the taxable maximum, which is $142,800 in 2021, won’t pay Social Security tax on that extra income or have that amount factored into their Social Security payments.