GOLDMARK FINANCIAL PLANNERS, LLC
Wolfgang T. Sailler
Certified Financial Planner ™
Joseph D. Witt
Certified Financial Planner ™
401(k) & TSA participants
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PO Box 5190
Salem, OR 97304-3060
Call or Write:
Office: (503) 375-0208
Home: (503) 587-9811
Fax: (503) 371-2615
wolfgang@goldmarkfp.com
josephwitt@goldmarkfp.com
April 22, 2014
A few years ago the Social Security Administration discontinued mailing paper benefit statements to workers and beneficiaries, providing only online information. The SSA is now making an about face and reverses course: Starting in September all workers over 25 years of age will be receiving their Social Security statements by mail in five year intervals.
Reason: The administration determined that only 6% of workers signed up to receive their statements online and was concerned that people do not pay enough attention to the retirement implications of their statements, namely having to save way more on their own.
This development confirms a saying: Out of sight - out of mind, so lets put the facts in plain sight again.