Processing and turnaround times are a major complaint among retirees receiving Social Security, however, a new move to digital could change that and let folks ready for retirement receive their checks faster.
The Social Security Administration recently announced physical signatures will no longer be required on more than 30 of the forms beneficiaries must fill out before receiving their retirement funds.
These signatures will now be accepted electronically to streamline and expedite the process of receiving Social Security. Learn how to navigate these new digital changes.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Digital signatures
Over 30 forms now allow electronic signatures, and 13 will no longer require signatures. The goal is to eliminate as many difficulties as possible and automate processes to make them move swiftly. The changes will impact 90% of the most common forms and remove a common reason claims are returned or denied.
Sign up for a "my Social Security" online
The new changes can be accessed digitally by visiting www.ssa.gov, the official website of the SSA. You'll want to create a "my Social Security" account, which is completely free and allows access to many different online services. Forms that require signatures will be available for electronic signing.
Technology as a barrier
Many people find digital forms to be easier and more convenient. However, those who did not grow up with computers or internet access can find the process confusing. This can be further compounded for seniors who do not have a home computer or smartphone to access the internet. They must either purchase an expensive electronic device or routinely visit the library to access a public computer.
Earn $200 cash rewards bonus with this incredible card
There's a credit card that's making waves with its amazing bonus and benefits. The Wells Fargo Active Cash® Card(Rates and fees) has no annual fee and you can earn $200 after spending $500 in purchases in the first 3 months.
The Active Cash Card puts cash back into your wallet. Cardholders can earn unlimited 2% cash rewards on purchases — easy! That's one of the best cash rewards options available.
This card also offers an intro APR of 0% for 12 months from account opening on purchases and qualifying balance transfers (then 19.49%, 24.49%, or 29.49% Variable). Which is great for someone who wants a break from high interest rates, while still earning rewards.
The best part? There's no annual fee.
Bottom line
Moving more Social Security forms and processes to online access will result in most retirees receiving their benefits faster and with fewer setbacks. However, you will want to ensure you're prepared for the electronic switch-over because digital services will likely continue to increase.
These aren't the only changes coming, and many retirees are eagerly eyeing Oct. 10, when the next Social Security cost of living adjustments (COLA) will be announced. If you're worried about the cost of expensive electronics or feel confused about the online forms, be sure to ask family and friends for help learning how to navigate the digital landscape. Your loved ones want you to have a stress-free retirement!
More from FinanceBuzz:
- 7 things to do if you’re barely scraping by financially.
- Are you a homeowner? Get a protection plan on all your appliances.
- 6 genius hacks Costco shoppers should know.
- Learn how you can escape the paycheck-to-paycheck grind.
Lucrative, Flat-Rate Cash Rewards
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.