Millions of Americans who get monthly Social Security benefits or Supplemental Security Income payments need help managing their money, and may need a representative payee. A representative payee is a person or an organization we appoint to receive and manage a person’s benefits.
Representative payees must know the beneficiary’s needs to decide the best use of benefits for their care and well-being. To help with this responsibility, representative payees can now receive, save, email, and print a benefit verification letter for a person they represent using their own my Social Security account, at www.ssa.gov/myaccount.
Many representative payees are responsible for completing an annual form to account for the benefit payments they receive and manage. Representative payees can fill out the form and return it to Social Security by mail, or conveniently file it online at www.ssa.gov/myaccount/rep-
Please visit www.ssa.gov/payee if you have questions about representative payees.
There is serious political risk of means testing to get SS benefits going forward. No one is going to feel sorry for well off retires with fat 401k’s. If you think the government wouldn’t punish people who relied on current policy to make plans think again: Obama raised taxes retroactively but kindly provided 5 years for me to pay the extra 30k.
Take the money as soon as you can is what I’m going to do at 62.