Latest News
Don’t Let Social Security Overpayments Come Back to Haunt You
Every year, thousands of people receive larger benefits from the Social Security Administration than they’re legally entitled to. And although this may seem like a great deal for the recipients, the reality is that it can come back to haunt them. Between 2007 and 2012, the SSA reported an average of $2.1 billion in annual overpayments to beneficiaries. This was a fraction of the total paid out each year, but it nevertheless exceeded the SSA’s own target rate. In 2010, for instance, overpayments amounted to 0.39% of total distributions, or roughly double the agency’s 0.20% goal…Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.