It's guaranteed income. It is an income stream financial protection for people who are retired for their survivors and for disabled Americans. And a lot of people don't understand, well, how is it funded.It's funded by you by payroll taxes that you've put into it. And you're able to get these benefits for your lifetime after you start claiming them in retirement. The thing that that people need to know is when to claim them.And what that is is your full retirement age. It's not the same as Medicare and it m ...

Social Security Overpayment Risks - Social Security recipients may face unexpected bills due to agency errors, potentially owing thousands or tens of thousands of dollars [1] - Even when overpayments are Social Security's mistake, recipients are responsible for repayment [1] - Recipients should verify their earnings history with the Social Security Administration (SSA) to avoid future problems [1] - Maintaining detailed records of all communications with the SSA is crucial [1] Strategies for Avoiding Overpayments - Use online tools like Maximize My Social Security and the AP's basic social security tool to estimate benefits and identify potential errors [1] - If returning to work while receiving Social Security disability benefits, carefully monitor income to stay below the Substantial Gainful Activity (SGA) limit, currently $1,470 per month [1] - Report worker's compensation benefits to Social Security to avoid overpayment issues [2] - Individuals with low incomes who are elderly or disabled receiving Supplemental Security Income (SSI) must adhere to complex rules, including declaring the value of resources like shelter [3] Recourse and Assistance - Individuals with low incomes who qualify for a full subsidy of Medicare Part D premiums are eligible for a $10 per month overpayment repayment program [4] - Legal aid lawyers and federally financed protection and advocacy programs may offer free legal help to those on SSI or who are disabled facing overpayment issues [5] - The National Organization of Social Security Claimment Representatives provides resources and support [7]

The trust funds that the Social Security Administration relies on to pay millions of U.S. retiree benefits could be depleted by 2034, according to a government report released this week. https://t.co/R35PuhBeRp ...