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avebury

(10,953 posts) Sat Mar 30, 2024, 09:08 AM Mar 30

Okay can someone please explain Social Security to me?

I am still new to receiving Social Security. I was balance my bank accounts and observed a one payment for $55.40 (pending). Well okay. So I log into My Social Security and do not see it. What I do see is a one time payment as of March 27th for my normal monthly payment less the 12 % I ask to be withheld for Federal Taxes. What the heck. I don't see it showing up yet in my account.

Does anybody else have stuff like this happen? I can see a minor adjustment because I got one relating back to the COI issued for 2024. But an extra monthly payment (if is ever shows up in my bank account or listed as a payment in My Social Security). I just don't understand this extra stuff that magically appears in my bank account.

I would appreciate any advice shared by those of you who have been dealing the Social Security longer than I have.

12 replies

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Okay can someone please explain Social Security to me? (Original Post) avebury Mar 30 OP

I've never gotten any extra payments and my monthly ones haven't varied from sinkingfeeling Mar 30 #1

I think that I will be calling Social Security on Monday. nt avebury Mar 30 #2

Good luck with that, I have direct Deposit for SS. However, my bank account was hacked into. Had to get all new accounts debm55 Mar 30 #6

They are SO helpful!! Nittersing Mar 30 #7

once I got on the phone to talk to someone they were very nice.And solved the problem. Now the pension payment changing debm55 Mar 30 #8

Same Experience ProfessorGAC Mar 30 #11

Very good experience dealing with SSA BOSSHOG Mar 30 #12

Perhaps it's related to the recent COLA increase EYESORE 9001 Mar 30 #3

In my experience the data online lags Voltaire2 Mar 30 #4

I've been collecting SS for ten years now, PoindexterOglethorpe Mar 30 #5

I also go to Boomer Benefits for information...mine has always the same except for the COLA. Hikerchick57 Mar 30 #9

13 years here, and ditto. soldierant Mar 30 #10

sinkingfeeling

(51,499 posts)

1. I've never gotten any extra payments and my monthly ones haven't varied from

Reply to avebury (Original post)

Sat Mar 30, 2024, 09:17 AM

Mar 30

the amount due in 9 years.

avebury

(10,953 posts)

2. I think that I will be calling Social Security on Monday. nt

Reply to sinkingfeeling (Reply #1)

Sat Mar 30, 2024, 09:18 AM

Mar 30

debm55

(25,783 posts)

6. Good luck with that, I have direct Deposit for SS. However, my bank account was hacked into. Had to get all new accounts

Reply to avebury (Reply #2)

Sat Mar 30, 2024, 11:34 AM

Mar 30

I waited 3 hours on the phone. They do have a system where they will call back or you can go to near by SS office. Good Luck

Nittersing

(6,397 posts)

7. They are SO helpful!!

Reply to avebury (Reply #2)

Sat Mar 30, 2024, 12:29 PM

Mar 30

I've had two occasions to call Social Security and both times the agents were so helpful and pleasant.

Hope you have a similar experience!

debm55

(25,783 posts)

8. once I got on the phone to talk to someone they were very nice.And solved the problem. Now the pension payment changing

Reply to Nittersing (Reply #7)

Sat Mar 30, 2024, 01:03 PM

Mar 30

direct deposit is still going on. TY for asking

ProfessorGAC

(65,456 posts)

11. Same Experience

Reply to Nittersing (Reply #7)

Sat Mar 30, 2024, 05:39 PM

Mar 30

I got a letter saying I owed >$14,000 repayment. My vacation payout (6 weeks) & my final bonus all hit after the first of the year. Because I took SS early, I was limited in what I could earn, to $18,000. But, those added up to around $40k, and my sub pay was around $7k for the year. So, they counted $47k, or $29k too much.
They wanted their 14 grand back.
I got a letter from the company confirming that $40k of that was earned the prior year.
I called them, while on the phone forwarded him the email, and 30 seconds later it was case closed. I only made $7k against my limit, so I owed nothing.
Went way easier & faster than I thought it would.

BOSSHOG

(37,165 posts)

12. Very good experience dealing with SSA

Reply to Nittersing (Reply #7)

Sat Mar 30, 2024, 06:22 PM

Mar 30

and the thrift savings plan personnel. I feel we are in good hands and have been for some time.

EYESORE 9001

(26,038 posts)

3. Perhaps it's related to the recent COLA increase

Reply to avebury (Original post)

Sat Mar 30, 2024, 09:24 AM

Mar 30

I remember getting an extra payment some time late last year.

Voltaire2

(13,289 posts)

4. In my experience the data online lags

Reply to avebury (Original post)

Sat Mar 30, 2024, 09:30 AM

Mar 30

a lot. The adjustment will eventually show up.

PoindexterOglethorpe

(25,930 posts)

5. I've been collecting SS for ten years now,

Reply to avebury (Original post)

Sat Mar 30, 2024, 11:08 AM

Mar 30

never gotten an extra payment, always have gotten the correct amount exactly on the third Wednesday of the month.

Contact your local Social Security office about this.

Hikerchick57

(118 posts)

9. I also go to Boomer Benefits for information...mine has always the same except for the COLA.

Reply to avebury (Original post)

Sat Mar 30, 2024, 03:38 PM

Mar 30

soldierant

(6,966 posts)

10. 13 years here, and ditto.

Reply to Hikerchick57 (Reply #9)

Sat Mar 30, 2024, 05:06 PM

Mar 30

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