A recent article in Real Daily highlighted a report from the Inspector General of the Social Security Administration (SSA) that suggests almost 10,000 retirees have been underpaid beneficiary benefits to the tune of $132 million. There are a few reasons for the discrepancy; many retirees do not understand the benefits they are entitled to, many others have been given poor advice or have difficulty navigating the system. For instance, the Social Security Administration office does not currently have a system in place to notify widow(er)s that they should delay their applications for retirement benefits. Covisum President, Joe Elsasser, CFP®, is quoted.
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