While Social Security can be predictable, it’s important to remember that there are cases where benefit payments are less than individuals are expecting to receive.
According to this article, these cases include:
- When Medicare premiums are taken out of benefits.
- Any unpaid debts; creditors may be able to garnish portions of your Social Security payments.
- Claiming Social Security before reaching the full retirement age.
- Those who work after retirement may find portions of their benefits withheld.
Luckily, Senior Security Alliance is here to help. Our bill guarantees senior citizens achieve a more financially secure retirement by guaranteeing healthcare is accounted for during Cost-of-Living Adjustment (COLA) calculations, benefit payments are never cut, and even ensuring that working after retirement doesn’t negatively affect you.
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