Having a Social Security benefit in the United States is an entitlement for all citizens with more than 10 years of service. We are talking about the retirement benefit, of course. The other benefits have different characteristics. Each one needs certain mandatory documents and has certain requirements to prevent the Social Security Administration from withdrawing it. If you don’t want to lose your Social Security benefit, don’t do anything to jeopardize it.
Even so, there are times when stopping a Social Security benefit is good news. In this regard, when the SSA stops paying you a disability benefit, it means that your health has improved. So, this is good news. But when we are collecting a retirement, incapacity or other type of benefit, stopping that monthly payment can be problematic. It’s a different thing when the SSA denies your benefit, since you don’t even start collecting it.
How do you lose your Social Security pension?
Keeping your Social Security pension is important for financial stability at home. When you lose your regular income, you can find yourself with unpaid bills, no money for food or clothing, and many other misfortunes. For that reason, follow these requirements to avoid losing your pension:
- Don’t go to prison: If you go to prison for more than 30 days you will automatically lose your pension. It does not matter if it is a retirement pension, disability pension or for any other reason. Going to jail means losing your benefit payment.
- Not working: Work is incompatible with disability or incapacity benefits. If you get a job or are able to work, you will lose your Social Security pension. But this, far from being bad news, is very good news, because you do not need financial benefit and can fend for yourself.
- Not having large sources of income: If you have any other large source of income, you may lose your pension. Financial benefits for retirees combine well with earned income as long as they don’t bring in a large amount of money. If you earn a lot from work, you will lose your Social Security pension.
Help with pension
If you ever find yourself in a situation where your Social Security pension is at risk, you should seek benefit. There are many lawyers who specialize in the subject and also advisors who can give you advice on how to act in these cases. If you lose your Social Security benefit, you will need to find another source of income.
In case you need to have less expenses for a while you can always move to a state where it is cheaper to live. Any benefit is good to be able to face the monthly bills and save some money every day.
