There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@DavidAntony-gq7id I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@DavidAntony-gq7id *MARTHA ALONSO HARA* is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
You really need to do a video on what to do when social security starts deducting an overpayment from your check when you've already paid the overpayment IN FULL & the only reason they didn't receive it is because they take longer to process your payment than they do to start collecting it. That 60 days needs to be put on them not me!
My wife was drawing disability long before I met her. In last couple years she had a review that determine she was not disabled (even with supporting documentation), 7 years after being married, after multiple waivers sent in, countless paystubs from my job sent in ( on time), letters saying it's not our fault on overpayment..so how is it possible #1 our income tax is now being taken hostage in reçoup excess of $13,000 overpayment at rate of 1000-2000 a year. #2 How do they have the right to attack our income tax when we did our part? #3 if our letter says it wasn't our fault, why take something that is riflely not thiers? Very informative video. Thanks.
I have a disability. I work, but I was getting SSDI payments as supplemental income since I wasn't making enough to live on. One year, the company I work for decided to give me a bonus since I had been with them for 15 years. Unfortunately, this turned out to be the kiss of death, as the bonus put me over the SGA limit for that year. A YEAR AND A HALF later, the SSA declared that because I was over the limit, I was no longer disabled and owed them over $19,000 for all the payments I had received during that time, even though I was still earning very little after I got that bonus. It's ridiculous. I haven't paid them yet, but I'm going to fight it if I can.
@@jenniferb4439 It hasn't been finalized yet, but it still pisses me off. They could at least have told me sooner so I could do something about it instead of keeping me in the dark for 1 1/2 years and letting me rack up overpayment debt without realizing it. I'm "cured" just because I got a one-time bonus? Bullshit.
@@jhillst I understand it’s been an awful experience going through survival benefits I got letters all the time how we were being overpaid when I stoped working the new letters said we owed back from maximum benefit issuance. We lost a lot long story short it is my I hope 🤞 that it all goes well for you.
This system is broke. Just received an over payment letter. They claimed the over payment is from 21 years ago! Who has records from that far back? To bring a claim 21 years after the fact is just plain wrong. There should be a statute of limitations on this type of action.
been to local ss office many times in the past 9 years, after being discarded from my 35 year employer because I turned a certain age. the majority of ss employees are incompetent, or poorly trained. I should have saved when I was young, but I never thought I would be old.
I have the nightmare of nightmares story for SS. Years back I filed for disability and was approved. With the medicare I was able to get a doctor. I now take the meds I could not afford. When my case was up for revue I could walk so no longer disabled. I appealed, worn choice. It says payments may have to be paid back. I not in my wildest dreams ever thought they would take 4 years. Now they want some $43,000.00 back. I don't have and never will. I guess they take our home and we go homeless. Maybe they can go after my life insurance.
@@fishels3895 No. I'm still waiting to hear something and I'm worried they will most likely to take a few more years. I contacted my Senator for help and they did re-open my appeal. However absolutely nothing. My senator opened a congressional inquiry and someone at SSA did look over and said it should have been approved. I was told the information was sent back to the payment center to look it over and approve it. I was told they basically rubber stamped it. I am fucked plain and simple. I have venal stacis ulcers which have opened back up on both legs as well.
My mom just got a $58, 254. 60 repayment requests from SSA due in 30 days for over payment. She is 64 years old has trouble walking and standing and the courts ruled in a "Fully Favorable" decision in 2018 only to repeal the decision due to an "error of law." We lawyered up and fought it through appeals only to call it quits in 2022. Now my mom who can't work owes more than the total year household income. I don't know what to do.
I’ve been all around the block with these things, for myself and others. Not even disability, which really is complicated, or so they allege. We have put up with this for too long. If you owned a business and an employee kept whining instead of solving problems…he or she would be gone. They’re using old methods and old…….is that software? Oh. Get the fossils out, start with Congress. They created this because they want to make SS private.
I'm so confused, my sister received a letter of overpayment and now they're taking $300 off her check.... Iv goggled everything and it said you must prove that it wasn't your fault and that it'll affect your living expenses.......but what's crazy is at the bottom of the letter it literally says "The overpayment was not your fault in any way..."..... Would that be case closed!? Proving it wasn't her fault!? Lol
Don't believe what SSA claims you owe. The SSA offices that spew out those letters do not know the SSA their own rules, regulations or simple arithmetic. The SSA actually overpaid me, but by far less than they demanded I repay. In my 10-year ordeal I got multiple SSA demand letters (5++) telling me I owed amounts as high as $61,000. Every subsequent letter demanded some lesser amount to correct calculations. After the THIRD hearing the administrative law judge ruled I'd been overpaid only $38,211. She advised the SSA Payment Debt Center (who spews out these demand letters) that the $38,211 did not include any credits for the US Treasury seized from my benefits for 25 months. Nevertheless, after the judge's $38,211 ruling, the SSA sent me another demand to repay $99,000, not the $38,211 less benefits withheld. Ultimately, the SSA owed me by their seizure of more benefits than I owed. Untrained staff with zero common sense. Bottom Line - The SSA in all likelihood overstated what you owe by thou$and$.
I was laid off from my job at age 61.I couldn't find a job and took early retirement at 62. I would like to think that being a part time photographer, making $1200.00 a month and well under the Substantial Services limit of 15 hours per month would insulate me from any overpayment issues. Still, the system makes me nervous.
I fought several years to get SSI because I was short work credits. I worked with my husband for several years and got no work credits for those years. I was awarded full SSI 3 years ago. Now they have decided my husband was actually making to much money so they lowered my payment to $300. Now they want over $15,000 in overpayments too. Said they can pull $90 from my $300 they put me down to this month. So now I’m down to $200 a month, and can’t pay my bills. I’m sinking so hard! I have started appeals on them saying my husband makes to much money. But they still lowered my payment to $300. I have reached out to several lawyers and no one wants to help me. Starting on the waiver now. My husband doesn’t help me with bills or anything. I am lost, sick, and now extremely stressed out!
I just got a letter stating that my daughter's benefits where being cut off. Reason overpayment $7,000 That was back in 2017 didn't know zilch about appeals was first-time getting SSDI,went to office tired to get help and nothing. I'm still confused and worried of owing money.Thanks for the video found it helpful.
Mr. Carroll your description of the process and how it really works are to different things. Look at the SOCIAL SECURITY ADMINISTRATION as an GESTAPO ORGANISATION. Either calling or going to the local office is a waste of time. Simply put the people there getting a government pay check is thievery at best.
I find many SS employees to be ignorant of the rules, or just lazy, or stupid. They claim they've overpaid me for 3 years and now want $1659 back. I'm broke and have no money to pay them back. My benefit has been calculated several times and they always come up with a different number.
Thing to do is, contact two Senators and House member. Either, or, can’t do all three. The contact can be online, but either snail mail or website….and it’s true with anything you want them to do….it must have a privacy form. Without it…you'll waste time while they come back to say you must have a privacy form for them to even look. The form is on his or her webpage. Mail, fax or send as an attachment. They’ll accept an electronic signature, pen and ink to mail. Save it on your computer, use it as a master template, email yourself, keep it in Drafts. Long ago and far away, you could just mail to government agencies. Now, they say they didn’t get it, or they didn’t get it in time. They call it backlog. We can call it…hire more people. The forms they use are dinosaurs. Employees are themselves confused because of mindless complexity. When SSA has to improve---they tout waiting times for incoming calls. Went from 40 minutes to 20 minute wait. How many problems were solved……that's better. Tell us more about the problems solved. They hide behind 60 days for requests. They don’t account for their so-called backlog. Of two years. There are forms to ask for a waiver, state that it is nothing you knowingly did, and use the word…hardship. It would be a hardship. Then you'd have to list obligations and assets. First time it happened to me, it was their mistake, didn’t send the right amount because I was still working, Okay fine. They allowed me $35 a month until the $547 was paid off. I could have asked to waive it because I had talked in real time to representatives But I paid it. Second time…I could not get answers, it slowed to complete standstill. In every letter I have said…to SSA and Congress…… this is not what the purpose of Social Security was intended to be.
Enjoyed watching this, it’s been out there for four years. All those views, you should be proud of your clear advice. It’s changed though. SSA has been chronically understaffed to begin with. They still blame pandemic. Answer is…pay interim. Pay three months, no questions asked. It’s our fault, we’re working on it. But here…so you shouldn’t have to live in your car. Hire more employees. Hire temps. Provide incentive pay to get problems out the door. They are driving with the emergency brake on. It’s planned obsolescence. They want to privatize it, so they slow walk it. Beware of anyone who says entitlement program, or that SS is running out of money.
Devin...fantastic hints. Some general "upfront" questions. Are there some personal scenarios that may put you at greater risk than others.....for the SS admin to think they overpaid you? Let me explain. Prior to taking your SS draw, we used to receive periodic mailings of what your estimated draw will be....all the while using (and showing) your personal wage history....which ultimately is the basis for your later draw. Then..as you APPROACH the time you wish take your draw...and let's assume you are approaching your FRA and are only months away.....these estimates ( now available electronically via your SS webpage, if you set it up).....should be more-and-more accurate as you come up to your FRA date when you want to start your draw. The question....under such scenario.....would it be fair to say it will be very unlikely for you to fall into this over-payment trap where these actions you mention need to be taken? I would imagine these overpayment cases will almost always be when you blend working income while taking early SS draw, and you (possibly) run afoul of wage-earnings limits...and under what timeline this occurs , etc. etc. Thoughts on this?
Most of the overpayments letters I've seen have been due to two reasons. 1) Individuals who are under the full retirement age and making more than the earnings limit and 2) individuals who have a pension from work where they didn't pay SS taxes (teachers and other public servants in some states).
@@DevinCarroll ...thank you Devin, it therefore gives us readers a sense of when to expect this sort of thing from happening. I would imagine if you draw a pension from a qualified retirement plan from a private company, you yourself (or the company) would be able to easily verify you were employed with them prior, and had paid into the SS system. And also as I surmised, waiting until FRA to take your draw ( when there is no limit to what you can make), should also help avoid falling on their radar this way. Thanks for all you do.
Hey Devin, I found your video very helpful but my question involves my parent. I was put on my father's social security (SSI) as the payee. My father recently passed away but there was an overpayment on it. I received several letters from Social Security and didn't put too much thought into it since it was my father's and he passed away. I finally called Social Security and they told me that because I'm listed as the payee I am liable to repay it send to collection. I thought it was ludicrous but do want to do the right thing. Any advise?
What if someone like myself already did an overpayment back in 2021. And got a letter and a copy of the receipt that my new balance is $0.00. And you have not received the money from Ssi for over three years not one check deposited in your account and you got the bank statements to prove that you never receive money from the government and then you got a letter stating that you owe them $3000 for an overpayment for the money you never receive can I fight in court because I submitted 2 appeals and yet still no reply and I got another letter saying I still owe them, and instead they’re gonna start making a decision.
Retirement benefits. Social Security Disability Insurance (SSDI) Supplemental Security Income (SSI) Benefits for spouses and other survivors of a family member who has died. These are the types of benefits you can receive.
My benefit in amount of $737 was suspended this month. I filled the appeal. All three forms I filled. 10 days ago. Since, I living abroad, I did it through the US Embassy in Greece. Since, this is ONLY my income and my health problem is severe, which I mentioned in my appeal, when I should expect the response and reestablishing my benefit? I can not contact the USA SSA from abroad, the 1-800 number is not working. Any advise?
Nope I had a two year and also a five year letter 2019 was for a 2014 recovery and 2017 was for a 2015 change in benefits received. Bank statement shows we got 1,215.00 in 2015. 2017 letter said we are writing to let you know that we have made a change to your child’s benefit in January of 2015 with an increase of 1,450.00 due to workers earning effecting other beneficiaries we used 241.00 of your child’s benefit to collect all of a overpayment on this record. Um 😶 ok if you take 1,456.00 and use 241.00 dollars we are left with 1,215.00 and that’s what shows as received in 2015 bank statement. So what exactly was fixed and did this show up on our 1099 for 2017 as used or recovered lol 😂 unfortunately 1099’s don’t have an area for notices that we’re written as how we used Benifits to recover in overpays.
So ss can really take all your check for over payment and not tell u how much u owe back and can ss make u pay back a over payment on your spouse ss when they die because your help because ss is making my dad pay back my moms over payment they said they over payed her and she died and they will not give my dad a total that they say he has to pay because of my mom and they say they going to take all his check so I don't know how do u live like make your house payment and lights and everything if they take all his check and they said they take all his check intil he pays it all back
Set up a waver get bank statements 1099’s or any w-2 and cross reference with the letters that show amount overpaid. Payment arrangements if error is owed.
I just got one of those letters yesterday. They said since I made so much in 2023, I need to repay all of the payments from may-december. My question is, The money I made in 2023 was PRIOR to me applying for and receiving my ssa benefit. I thought it would not count since I made that money before I even applied for ssa? Am I wrong? Even on my 1099k form, it shows my income from may -december at $0.
They gave me a back pay then said I then too much for the month. Then said thats NOT why I had the overpayment thats Just What they said. But they couldnt find the original letter. Then said there was ANOTHER overpayment. Now say theres ANOTHER one for the SAME months so now they are taking my entire SSI check PLUS $72 from my SSDI check. I dont even have enough to pay my bills now. I havr asked for an appeal. A waiver and a hearing. They keep sending overpayment notices. Keep taking money. I even ask them to not touch the check until theres a decision. I ask them to reduce the amount to. They will not answer my letters. How ia it legal for them to take out more on months they are already taking out for?
@@fayechamp4156 They're still taking money from me eventho they said they gave me waivers. I NEVER saw those waivers. Then they lied to the FS office abt how much they're giving me so I lost my FS and medical. So now I have to decide if I'm gonna work part time to pay my bills or cut my hours so I can afford food and my medicine so I can function to work part time to afford my bills. 🤦♀️
@@fayechamp4156 I'm gonna see if I can cut 1 day a week, but I will have to see if my doc will support it. We are slow at work right now. I'd be more likely to get another day off if my doc backs it up. That would give me back my food, but more importantly my medical. And I'd just have to adjust my bills more to see what I can do. I'm already missing alot of work bc of the weather. So I don't know if the place I work has a plan to pay it's employees something for weather closures or not. I already cut out as much as I can that I know of but I will have to look again.
I got married two months ago. I called to report it, they just told me to send information and my marriage certificate witch I was still waiting on at the time. I relived a letter saying if I didn't give them all the information they want, they will cut off my bennifts. Two months later, I have been waiting on my socal to be able to pay rent, buy gas, pay car insurance, and pay my phone bill. But I never got it so I called. That's when I found out its been cut off. Now I got a letter they want back pay from the month I got married two months ago.
My tax refund was given to SSA saying I had an overpayment for ssi My mom was getting my check and I had nothing to with my money. What do I do now to my tax refund? Can I still file a waiver to prove I was a minor and my mom got my money
What if it was 15 and 20 years ago on SSI for my child. I don't have any record's to back myself up with!! I'm months from retirement and just received a notice of overpayment!! This is nuts!!
What if I get an inheritance and do a spendown before the next month.even if I tell them If I get it I heard they can still take your check the month u get the inheritance.my sister got inheritance and I'm waiting to see if I get a packet to from my uncle.would if I report it and can't spend it all the first month but have it spent withing 3 months what can they do to me.i hate I might have to rush into spending it and special needs account does nor sound appealing to me
Would if you sent in an overpayment waiver instead of an appeal, then they made a decision you owe a certain amount? Can you appeal an overpayment waiver decision?
The judged granted me SSDI and SSI but social security administration claim that I was already on SSI so they took from my SSDI $25,867 to pay SSI . That's impossible because I had to hire an lawyer to be granted the SSI and the SSDI
You do know, that the Social security Number is a fictitious entity? As an adult, we did not consent to this entity. Do you also know these, numbers are traded and sold on the stock market weeks after the numbers are given? We are not the trustees of these accounts. My parents were not aware of this at the time of my birth and neither were I being I was just born. Look into the strawman and Black Law Dictionary.
We need help so bad on an overpayment of $8,000 starting 5 years ago to May 2023 for our daughter who has cyatic fibrisis. Our daughter lost her benefits, lost her waiver,lost her appeal and NO attorney will help her til the over payment is paid back ! My daughters medcine is $30,000 a month We have meducaid til the end of Dec. If someone CAN please tell us what to do. 😢😢 Thank you
Ok, what about a mom who was receiving $300.00 a month from her ex husband's Social Security disability for their child. And, she can't get ahold of the father. If they explained that they were n deed thinking they were getting child support that whole time because when they went to court 12 years ago and a social security told the mom that they called this the boys child support and said they would not take him off. Now what?
What happen if you can't work to make income to pay back? They demanding $22k from me. First they stop my payment for 1 year. After 1 year is over, they demand I pay them 22k. They determine I'm still disabled, no payment for 2 years now, and demanding the money. How can they get any payment when I can't bring in income?
Earlier tonight I signed into my online Social Security account which I do a few times a year. I am not old enough to retire but I like to check my earnings and credits. The front page of my account says, "You are not currently receiving payments", but below this is another line that says I have an overpayment amount of $3,000.00. Very odd. I have never received, nor signed up to collect Social Security or SSI in my entire life. Does anyone know what this means? I have never received a notification of an overpayment in the mail, I am employed, healthy, no reason to take SSI, not old enough to collect SS. Is this merely a notification for what could happen if I am overpaid?
I have a friend who recieves SSI $1000 a month and she won a cash prize in a drawing of $1000 that required taxes paid. It doesn't seem fair because it was a prize. Can this be waived?
I need help. I put my stimulus check in my account and now I got a letter saying that I'm not eligible. I no longer have the money so I don't know what to do
Americans haven't reached the real "pain point" as of yet. However, we are close. The people who have the means to live comfortably can afford to complain but do nothings. The rest of the majority of the citizenry cannot even afford to complain - let alone address any grievances or do anything about the failing country. January 6th was a watermark which only proved that people were not truly ready to do something. I'm not physically able to jump in and help, and thus unable to participate. I seriously was pulling for the deaths of many within the "white power" establishment on January 6th. However,I wan to see non-whites have an America that can work for them. It is not a political issue any longer. The people in power...the media, corporate America, and the government - which serves the corporate entities and the wealthy - want you to think it is the political parties. Many people who voted for Trump are working for wages that are 1/4th, and 1/5th the wages (adjusted for inflation) for the same job worked in the 1970's. Wealthy and middle class Democrats just run their mouths, and put up no real fight. Good luck. Your country was stolen from you.
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