Last year, one million Americans got a letter in the mail – the Social Security Administration miscalculated their benefits. They had been overpaid, and now, the government wanted that money back within 30 days. How much money? In one couple's case, it was almost $70,000 and in another’s, it was $52,000. Most of us don’t have thousands of dollars to spare. Especially when we’re retired or nearing our retirement years, every dollar counts. So how do you prepare ahead of time if you’re one of the one million people to receive these letters — and is there a way to fight the system?
Larry Kotlikoff and Terry Savage join us to discuss their new book “Social Security Horror Stories: Protect Yourself from the System and Avoid Clawbacks.” Listen in to hear what you can do to avoid Social Security clawbacks and the next steps if you receive a letter asking for repayment.
Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!
The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Mailbag: The best place to keep summer job money, plus how to keep an emergency fund.
Ep 420: What Financial Freedom Means For Millennials
An Economist Weighs In On Being A Woman
Ep 419: What Your Culture Says About The Way You Manage Money
Make the Mundane Meaningful With Mike Norton
Ep 418: The Menopause Brain with Dr. Lisa Mosconi
Budgeting For Your Closet
Ep 417: Why MLMs Love To Target Women
Mailbag: How to get out of a bad property investment and manage your finances after a raise.
Ep 416: Get What You Want With Charles Duhigg
Mailbag: I love my nonprofit job, but are they taking advantage of me?
Ep 415: How A Personal Finance Expert Fell For A Financial Scam With Charlotte Cowles
Ep 414: Retire On Your Own Terms With Anne Lester
Ep 413: Quitting Your Job Isn’t Cool Anymore With Grace Puma & Christiana Smith Shi
Bonus: How Does Karen Finerman Do It?
Ep 412: How To Avoid Burnout With Ali Abdaal
Ep 411: How To Handle Mean Girls At Work With Rosalind Wiseman
Ep 410: Why We’re Attracted To Our Money Opposites With Scott Rick
Bonus: Discover Your MoneyType With Dr. Jennifer Leigh Selig
Ep 409: Your Roadmap to 2024 Career Success With Fran Hauser
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Jill on Money with Jill Schlesinger
So Money with Farnoosh Torabi
Everyone’s Talkin’ Money
The Payoff
The Mental Wealth Show with Rich Jones