Ask Larry

Why Does My Benefit Statement Say That I Was Paid For Prior Years?

Why does my benefit statement say that I was paid 9,450 in 2016 for 2014 and paid 5,250 in 2016 for 2013? Where did those amounts come from?

Hi,

I don't know, but sometimes Social Security pays retroactive benefits that date back for a number of years. This can happen for a number of reasons, such as a successful appeal, or a refund of benefits previously withheld due to the earnings test, etc. You would need to check with Social Security for an explanation.

Best, Jerry

Category: 
Posted: 
Jan 18 2017 - 7:00am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.