Overpaid by Social Security? You Might Stop Getting Checks for a While
Getting extra money from Social Security might sound great to you, but a lot depends on the circumstances. If the extra money comes from a cost-of-living adjustment (COLA) or a law change, like the Social Security Fairness Act, there isn't much to worry about.But if the extra money is from a mistake the Social Security Administration made, it could come back to bite you. This is especially true now after a rule change under the Trump administration. Fortunately, there are ways to deal with a Social Security overpayment that can minimize the pain.Image source: Getty Images.Continue reading
Getting extra money from Social Security might sound great to you, but a lot depends on the circumstances. If the extra money comes from a cost-of-living adjustment (COLA) or a law change, like the Social Security Fairness Act, there isn't much to worry about.
But if the extra money is from a mistake the Social Security Administration made, it could come back to bite you. This is especially true now after a rule change under the Trump administration. Fortunately, there are ways to deal with a Social Security overpayment that can minimize the pain.
Image source: Getty Images.
