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“SSI” vs. Social Security retirement or “SSDI” benefits - MarketWatch/msn.com
Social Security certainly can be a confusing program, with over 2800 rules codified in over 100,000 SSA website pages. Then add in that the Social Security Administration also administers other assistance programs on behalf of the federal government, and the mystery surrounding all benefits often deepens. Such is the case for one person who was receiving “Supplemental Security Income” (SSI) prior to becoming eligible for normal Social Security retirement benefits, as described in this article. This lady was required to take her normal SS retirement benefit at age 62, which completely offset her previous SSI benefit, and which also meant she had to take a cut in her SS retirement benefit for claiming early. This case has some interesting twists, all very well explained in this informative MarketWatch article by Alessandra Malito, appearing at msn.com.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…
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.