Ask Terry Questions Social Security offset

Social Security offset

By Terry Savage on March 29, 2024 | Financial Planning / Retirement

Why payed in 100 % to ss and only able to collect 40% because of government offset. Something rosenkowski put in effect before he went to prison and finally passed. How can this be justified…

Terry Says

Here’s a good explanation of the Windfall Elimination Provision from AARP:

I wouldn’t blame it all on Dan Rostenkowski!
And there’s a strong group working toward repeal of the WEP. That might only happen as part of a major Social Security reform.

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