On Being a Representative Payee

On Being a Representative Payee

An incapacitated adult or minor person who is unable to manage their bill paying often has a representative payee appointed by the Social Security Administration (“SSA”) to manage their receipt of Supplemental Security Income (“SSI”) or Social Security Disability Income (“SSDI”), as relevant.   Each year, the representative payee must report to and account to the SSA for the use of the SSI and SSDI monies. An SSI recipient may sometimes also be …

First round of May Social Security goes out in 19 days

The first round of May’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to retirees in 19 days. Social Security payments typically begin on the second Wednesday of every month, and the following waves go out in the subsequent weeks. The distribution of payments depends on which day of the month a retiree was born. Retirees born between the first and 10th of a month will receive their…

Want $5,108 in Monthly Social Security Benefits? These 2 Rules Decide If You’ll Get It – Knowhere News

For many Americans, Social Security is a major part of their retirement income. But did you know that the maximum monthly benefit you can receive in 2025 is $5,108? Yes, it’s possible—but reaching that number is not easy. Most people think Social Security payments are automatic and fixed. In reality, the final amount you receive every month depends on many factors, including how long you worked, how much you earned, and when you decide to start …