A representative payee can be a person or an entity appointed by the Social Security Administration — usually a relative or close friend of the beneficiary. However, the Social Security Administration ...

The Social Security Administration (SSA) estimates that more than 8 million people who get monthly Social Security or Supplemental Security Income (SSI) payments need help managing their money. Those ...

When a Social Security beneficiary is unable to manage their own account, they can have a representative payee step in to manage the account for them. This typically happens when the beneficiary is a ...

Millions of people collect Social Security benefits each and every month, and most of them are fully capable of managing the money they receive from the federal government. However, a significant ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Find out about this key aspect of financial protection for your benefits. Millions of people collect Social Security benefits each and every month, and most of them are fully capable of managing the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...