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4 Ways You Could Lose Your Social Security Benefits

This video discuss four of the most common ways people who are receiving Social Security can have part or all of their benefits taken away from them.

Your Social Security benefits CAN be taken away if one of these four things happen.

When you have your Social Security Benefits garnished, all sorts of really bad things happen. This is because Social Security benefits are thought to be sacrosanct, untouchable by people and companies you owe money to. While this is usually true (if not we’d have a lot of homeless seniors with out of control medical bills) it is not always the case. This video discusses when and how your Social Security benefits can legally be taken away from you.

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Geoff Schmidt

3 Responses

  1. Hi Geoff, I have a question..So I am 61 and will turn 62 in September…Last year my estimated benefits were $1750 at 62. $2480 at 67 and $3047 at 70.. So as I have learned, after 60 you no longer get the inflation adjustments on your 35 years of highest income BUT in the year you turn 62 you get that years cola..So after current beneficiaries got the 5.9% this month I thought my estimates would bump the 5.9% but my estimates are the same as last year..Can you tell me IF I will get the 5.9% added to my estimated benefit and when might my for example age 62 estimate go to $1852 ( $1750 x 1.059) = $1852…thanks for any help you can provide..I lovevyour channel and am loyal supporter..thanks for all you do Lance

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