Precautions have been taken to assure Social Security checks go out on time. However, beneficiaries and taxpayers should maintain their Social Security records on paper. Small investors and wage earners who take advantage of electronic transactions or use automatic deposits should take precautionary steps to create a paper trail. Small businesses should double- check their equipment and ascertain vendors for Y2K compliance. According to an investor kit prepared by the Securities Industry Association, copies of personal records should be kept at least for the last three months of this year and the first three months of 2000.
Consumers also can help inoculate themselves against the millennium bug.
Check with your local utility, bank, telephone network, pharmacy, and security system to verify their Y2K compliance. Save your receipts to all credit card transactions and ATM deposits. Track your personal finances and investment account statements carefully. Save everything in writing to ensure a smooth transition into the 21st century. This page was created and is maintained by the Office of Senator Chuck Grassley.