Did you know there are several ways you could lose your Social Security benefits?
Millions of retirees count on Social Security as their main source of income, so it’s important to know what can cause you to lose some or all of your benefits.
This year, almost 68 million people will receive a Social Security benefit each month. The vast majority of beneficiaries, roughly 75%, are retired workers who received an average monthly check of $1,918 as of June.
But the size of that benefit varies depending on how long you worked, how much you made over your career and when you started collecting. It can also depend on other reasons like working a job while collecting benefits or being incarcerated.
Here are four ways you could limit or lose your Social Security benefits:
