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Sometimes called a "budget letter" or proof of income letter, ... you can call the toll-free number for the SSA at 800-772-1213 (800-325-0778 for TTY) or contact your local Social Security office. ...
You may be able to choose to receive a single lump sum payment representing six months' worth of Social Security retirement benefits. The lump-sum option is only available to people who have ...
Americans who qualify for Social Security retirement benefits are usually encouraged to wait at least until full retirement age to collect so you can get 100% of the benefits you are due. Ideally,...
Some have proposed that the Social Security system be modified to provide for the option of individual accounts (in effect, to make the system, at least in part, more like a defined contribution pension plan). Specifically, on February 2, 2005, President George W. Bush made Social Security a prominent theme of his State of the Union Address. [189]
Lump Sums & Court Awards: A lump sum award or a court award, such as from a settlement, are considered unearned income for SSI purposes. [ 67 ] [ 68 ] Individuals on SSI must report receiving a lump sum or court award to the Social Security Administration by at least 10 days after the month in which the award was received. [ 69 ]
Democrats also expressed concern that a Social Security system that primarily benefited the poor would have less widespread political support. [150] Finally, the issue of private accounts continued to be a divisive one. Many legislators remained opposed or dubious, while Bush, in his press conference, said he felt strongly about the point.
Like many government agencies, the SSA prefers to work online. The primary way to request a benefits letter is through a Social Security online account. If you don't have an account, you set one ...
A lump sum is a one-time payment representing the total value of your accrued pension benefits, discounted to reflect the time value of money. ... The 25 best cheap or free things to do in New ...