As to retirement / social security what are the documents that you should keep for ever (or how long)?

Question

I'm mainly worried after seeing the recent japanese retirement scandal.. in which the govt lost millions of records and people are affected. This has made me wonder - whether my all transactions through online is a correct policy or not.. Im a working professional 34 yrs old.

Answer 1

The U S Social Security sends you an annual statement of your work history to date with projected payments upon retirement .
Once you check it against your previous years statement from SS for accuracy ,
And against your pay stubs for the previous year ,
You can keep the new one and toss the old ones .

For SS , you need only keep your current years pay stubs and your most recent SS statement as it always includes your Total history .

Re: Japans SS problem , unfortunately , many Japanese are just like Americans . . .
They do NOT monitor their retirement / investment statements to see that they are accurate .
Any company / government can have clerical or accounting errors .
If people are 'asleep at the wheel' / Not checking their accounts every 6 months or at minimum every year ,
The errors will get past , and correcting errors is easier if caught sooner than later .
Correcting errors 10 years old would be a nightmare .
Rather like not brushing your teeth for 10 years ,
Then wanting to complain about bad teeth .

Monitor your finances at least annually or pay the price !

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