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 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 ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

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 ...

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 ...

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 ...