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Without a doubt about Borrowing cash From Social Security Interest-Free

Friday, April 9th, 2021

A loophole that created a “loan” from Social Security had been closed this season

It had been as soon as feasible to start out gathering Social Security advantages at age 62, the first feasible age, after which, during the chronilogical age of 70, repay all of the money you would gotten through the Social protection management (SSA) and refile for advantages just like you’d never gotten a single check.

Since you were now older, the quantity of your month-to-month check could be higher, and all sorts of the money you had received over time through the SSA had been as an interest-free loan from the federal government.

That loophole ended up being closed this season to help you not “borrow” cash through the SSA for the period of time. (more…)