The Social Security Administration is the latest government agency to transition to single sign-on solutions

If you created a my Social Security account at https://ssa.gov before September 18, 2021, you have to create a new login using Login.gov or ID.me. To make the transition, the Social Security Administration (SSA) encourages account holders to sign in to their accounts as soon as possible.

For step-by-step instructions on how to make the transition, you can watch this video and review the Frequently Asked Questions for Transitioning Your Social Security Username to Login.gov. 

This only applies to my Social Security users who created an account prior to September 18, 2021. Users who created a my Social Security account after this date already have a Login.gov or ID.me account and are not required to make any changes.

According to the SSA, the option to log in to my Social Security accounts using old usernames and passwords was to sunset in September 2024; however, the deadline has been temporarily extended while the SSA continues to notify affected users of the need to transition.

Benefits of Single Sign-On Solutions

This change is positive as there are many benefits to having a single sign-on option, including:

  • Convenience and simplicity for consumers by having one username and password for many government (federal/state/county/local) and private sector websites.
  • Stronger security and anti-fraud controls to keep information secure and protect against fraud and identity theft.
  • Multiple methods of two-factor authentication and identity verification including biometrics, security keys, and authenticator apps.

Information about Login.gov and ID.me

Login.gov is a U.S. government-run single sign-on solution for the websites of participating U.S. government agencies like the SSA, the Department of Homeland Security’s Global Entry Program, and the Department of Veterans Affairs (VA).

ID.me is a single sign-on provider that also meets the U.S. government’s online identity proofing and authentication requirements. In addition to the SSA and VA, the Internal Revenue Service also uses ID.me, along with a dozen other federal agencies and hundreds of private sector websites.

Conclusion

It’s tough to keep up to date with technology and cybersecurity safety measures as our government constantly makes changes to policies, systems, and regulations. Stay informed of any changes that may affect your financial life by working with a financial advisor. If you need assistance with your financial planning or have questions about your Social Security situation in general or when to file, please reach out to our team.

Disclaimer:

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

Milestone Financial Planning, LLC (“Milestone”) is a fee-only financial planning firm and registered investment advisor headquartered in Bedford, NH. Registration does not imply a certain level of skill or training. Milestone works with clients on an ongoing, long-term basis, providing financial planning, tax planning, retirement planning, and investment management services. Fees are based on assets under management and may include a financial planning fee. Milestone receives no commissions or referral fees and, as a fiduciary, is required to act in clients’ best interests. Advisory services are offered only where Milestone and its representatives are properly licensed or exempt from licensure. More information, including fees and principal risks, is available in Milestone’s Form ADV Part 2A. For help with your investments or financial planning, contact one of our fee-only advisors.

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