Why Your New Social Security Check May Be Less Than You Thought

Watch out, because these three supposed “rules” about Social Security benefits may not actually apply to you.

A man stare straight ahead with a disappointed look on his face.
(Image credit: Getty Images)

Some retirees on Social Security may be disappointed by the deposit amount they see on the first bank statement of 2022. Others who are just starting their Social Security benefits for the first time may also be in for an unwelcome surprise. The amount they’re seeing may not measure up to what they had been expecting.

Why? Perhaps they were counting on some common rules for Social Security benefits … rules that ultimately turned out not to apply to them.


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Steve Parrish, J.D., RICP®
Co-Director, Retirement Income Center, The American College of Financial Services

Steve Parrish, JD, RICP®, CLU®, ChFC®, RHU®, AEP®, is an Adjunct Professor of Advanced Planning and Co-Director of the Retirement Income Center at The American College of Financial Services. His career includes years spent as a financial adviser, attorney and financial service company executive. He focuses on law, estate planning, taxes and financial strategies that can help enable a successful retirement.