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Social Security Overpayments–Guess Who’s on the Hook!
If Social Security makes a mistake and pays you a higher benefit than you’ve actually earned, it’s their mistake. But, under current law, they can–and will–exact re-payment from you when the mistake is found (even decades later!) Syndicated columnist Laurence Kotlikoff illustrates a real-life overpayment situation and its financial implications in a post on www.seattletimes.com, and stresses that beneficiaries need to understand what their earned benefit is and verify that Social Security isn’t overpaying them. Read his post here…