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 ...

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 ...

People who serve as representative payees for individuals who receive Social Security or Supplemental Security Income benefits have more options for their annual reporting of how the funds are used.

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 ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Hans Daniel Jasperson has over a decade of experience in public policy research, with an ...

A payee is a person or business entity receiving a payment. If you're sending an invoice payment, the payee is the vendor, credit card company or government agency to whom you've written the check. If ...

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 ...

People who serve as representative payees for individuals who receive Social Security or Supplemental Security Income benefits now have more options for their annual reporting of how the funds are ...