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 ...

A representative payee can be a person or an entity appointed by the Social Security Administration — usually a relative or close friend of the beneficiary. However, the Social Security Administration ...

In July 2025, the Milwaukee Journal Sentinel reported on a Wisconsin woman whose family feared her representative payee might have misused her funds. Representative payees are responsible for aiding ...

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

The concept of a Representative Payee is vital in the realm of Social Security, particularly for those who cannot manage their own financial affairs. This role is designed to ensure that the funds ...

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 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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 ...

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 ...

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 ...