I'm not quite sure why, but my bank account showed two deposits from Social Security above and beyond the normal monthly amounts for my wife and myself. It was for over $1,400 total which was a nice surprise, and the letter from the government said it was based on income and an adjustment from Jan 2014 through now. I am not sure really what this was for, but I'm not complaining. Was this just me or did everyone get something like this?
Social Security bonus
- Thread starter vito
- Start date
Don Lovel
Hunter
My regular deposit is 3rd of the month, I am real curious and would definitely do a Lipsey's 45 Colt/45acp Bisley if it pays off that goodvito said:
GunnyGene
Hawkeye
I wouldn't spend it just yet. SSA has been known to screw things up, and they may want it back in a few months.
mohavesam
Hawkeye
They will probably send a nasty letter in 2-4 months, demanding re-payment. It has happened before.
OP
If I had just received the money into my account I would be more suspicious. But both my wife and I got a letter from SS saying that we were getting this next check and then our regular checks would come at the regular time. But the wording in the letter did not make it clear as to why we were getting this extra money, other than relating it back to January 2014. But I agree, it might be a good idea to wait awhile before spending it.
ronto
Hunter
They say never look a gift horse in the mouth. In the case of the government it's a jackass not a horse. I wouldn't spend it yet.
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fiasconva
Blackhawk
You can always call your local SS office and find out what is going on. They should be able to explain everything to you.
caryc
Hawkeye
I thought I heard a while back that SS did not send out checks anymore and required a bank account for a direct deposit.
SR1911SHOOTER
Blackhawk
vito said:
Vito,
I would not cash those just yet. I will see what my wife's and mine come in for in November.
Blackie
Rick Courtright
Hawkeye
Hi,
Vito, have you and/or Mrs. Vito continued working and paying into SS after either your normal retirement age (65 or whatever applies the way they do it these days) or extended (age 70) date? I've heard of people getting adjustments who did that, although it's been a while.
Rick C
Vito, have you and/or Mrs. Vito continued working and paying into SS after either your normal retirement age (65 or whatever applies the way they do it these days) or extended (age 70) date? I've heard of people getting adjustments who did that, although it's been a while.
Rick C
The OP states that a DEPOSIT was made to his account.caryc said:
caryc
Hawkeye
wolfsong said:
He also said the above in his second post. See the word "checks"?vito said:
GunnyGene
Hawkeye
caryc said:
I wish they'd just sent me a couple coins every month for the past 17 years. :wink:
Same thing happened to my wife a couple months ago. All of a sudden, too early in the month too, she gets a deposit from SS for a little more than her usual amount. I'm thinking what is this and why is it early. We got no email or letter about it. We were a little leery of it also (ya know, that "surprise" we need that money back letter that sometimes follows) so we actually went down to the SS office to see if it was legit. The gal at the counter said it was an "adjustment" and we should have got a letter about it. She pulled the letter up on her computer and showed it to us and also printed us a copy. The snail main version showed up a couple weeks later. So far they haven't asked for it back.
exavid
Hunter
We had much the same thing, a slight bump upward from SS. Unfortunately I think our Medicare bill went up a bit more.
"I wouldn't spend it just yet. SSA has been known to screw things up, and they may want it back in a few months."
"They will probably send a nasty letter in 2-4 months, demanding re-payment. It has happened before."
^^^^^^^I agree^^^^^^^^^^^^^
"They will probably send a nasty letter in 2-4 months, demanding re-payment. It has happened before."
^^^^^^^I agree^^^^^^^^^^^^^
caryc said:
Could it be as simpler as old habit wording?
OP
I didn't mean "checks" literally, just a deposit into my checking account where our regular SS payments also go. I did continue to work past the full retirement age, which for me was 66, and started drawing SS at that time even though I was still working. I calculated how much I would be foregoing if I waited until age 70 to apply, then calculated how long I would have to live beyond 70 to make up for not drawing it for those four years. Turns out I would have to live to at least 87 to break even, so I decided to get the payments as soon as I was eligible rather than gambling that I would live long enough to gain by waiting until 70 to get the higher monthly amount. When I look at the additional funds they sent me, that started this thread, and calculate back to Jan 2014, the difference comes to about $33/month extra for both my wife and myself, total. So likely it was just sort of adjustment.
By the way, for those of you who work past 65, be aware that even if you are working you become eligible for Medicare benefits as soon as the month you turn 65. The Part A benefits cost you nothing directly (covers hospital care) but you have to pay for the Part B benefits (covers outpatient care up to 80% of the allowable charge). The amount you pay for Part B can vary considerably depending on how much you are totaling earning, so if you keep working you will pay a lot more for this Part B benefit than will the person who stops working at 65 and whose income is limited to SS and whatever pension, if any, that they are getting. I was paying more than double the basic Medicare Part B charge for several years, but once I retired at age 70, the monthly fees for Part B went down the following calendar year.
By the way, for those of you who work past 65, be aware that even if you are working you become eligible for Medicare benefits as soon as the month you turn 65. The Part A benefits cost you nothing directly (covers hospital care) but you have to pay for the Part B benefits (covers outpatient care up to 80% of the allowable charge). The amount you pay for Part B can vary considerably depending on how much you are totaling earning, so if you keep working you will pay a lot more for this Part B benefit than will the person who stops working at 65 and whose income is limited to SS and whatever pension, if any, that they are getting. I was paying more than double the basic Medicare Part B charge for several years, but once I retired at age 70, the monthly fees for Part B went down the following calendar year.
Bull Barrel
Hunter
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They wont demand it be paid back. They will stop payments until the amount has been withheld.
caryc
Hawkeye
Dan in MI said:
Yes it could. That is exactly why I inquired about it.
Tom W
Blackhawk
mohavesam said:
I haven't worked since the last of Deceld nd and SS says I now owe them two months of overpayment. I believe that they are full of boose manure. They'll probably withhold my next two checks. I'm glad Lori has a good income....
Tom W
Blackhawk
mohavesam said:
I haven't worked since the last of December and SS says I now owe them two months of overpayment. I believe that they are full of boose manure. They'll probably withhold my next two checks. I'm glad Lori has a good income....
Yes, I got one earlier this year, maybe August? I didn't do anything with the money for a while, then I got a letter from SS explaining the adjustment.
Colonel Daddy
Buckeye
Waiting for the 3rd of the month to arrive.........just to see what happens.
Ruger77shooter
Bearcat
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- Aug 18, 2017
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- 49
wolfsong said:
It might be different for normal SS checks, but I have a neighbor who is old enough to receive SS, but instead draws Social Security Disability checks for a mental disease. She does not have a bank account of any kind and I know for a fact she receives a real check every month as I have taken her to the post office and then to the bank to have it cashed. Don't know what the criteria is, but in her instance they have made an exception. In my estimation, she is not mentally capable of keeping up with a bank account. But, I can tell you when she cashes her +/- $500 check, she goes and makes payments on whatever she owes people. She can get credit in any place she wants in this small community. She is crazy and largely illiterate, but she is honest to a fault.
mohavesam
Hawkeye
Drifting....
flyinfred
Blackhawk
When they find they paid you too much they WILL want it back....I and my wife have been fighting this since April and they are still screwed up.....they admit they made a mistake but it has taken me 3 personal visits to fix hers...we think....but they have no idea about mine.....and they say this was done in 2012 and it took them 5 years to find it. Your gov't..........loves you sooooo much....
