Millions of Americans rely on Social Security payments to cover monthly expenses, but some recipients in recent months have been shocked to learn they were overpaid and now owe money back to the Social Security Administration. Barb Marshall is among them. The recently retired widow hoped for a comfortable retirement, tending the flowers at her country home. But those retirement dreams were shattered when she received a letter a few weeks ago.'It told me I owe them $3,362,' she said.She has to re
Millions of Americans rely on Social Security payments to cover monthly expenses, but some recipients in recent months have been shocked to learn they were overpaid and now owe money back to the Social Security Administration. Barb Marshall is among them. The recently retired widow hoped for a comfortable retirement, tending the flowers at her country home. But those retirement dreams were shattered when she received a letter a few weeks ago."It told me I owe them $3,362," she said.
As to why these overpayments happen, the agency explains it can happen if you don't share important life updates, such as:- Your ability to work- Your living situation- Your marital status- Your incomeDanny Karon, the attorney behind the platform Your Lovable Lawyer, says by the time you realize there was a mistake, it is too late to correct it simply.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Millions of Social Security recipients were overpaid, may have to pay it backWidow told she has to repay government over $3,000
Read more »
Israeli tourists killed in Egypt, US embassy has security message for Americans traveling thereThe U.S. embassy in Cairo shared a security message for Americans in Egypt after an Egyptian policeman is said to have opened fire on Israeli tourists Sunday, killing two and a tour guide.
Read more »
Social Security’s COLA to be announced Oct. 12The cost-of-living-adjustment is expected to be about 3.2%
Read more »
Social Security cuts: Retirees could face more than $17,000 in annual benefits lossesSocial Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.
Read more »
Sneaky lightbulb security cameras are the next big thing in home securityThe lightbulb camera is made to look exactly like a lightbulb, but it captures high-quality video footage after being placed into a light socket.
Read more »