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Comment on Links 1/28/2026 by AG
['Yves Smith']
Comments for naked capitalism
Not a single one mentioned these Social Security regulations.
This would screw a lot of expat retirees, many of whom can’t afford to live in the US on Social Security or could not live anywhere near as well.
A decent % also depend on Social Security to provide an adequate income level to meet visa requirements in their new home country.
Getting paid too much in Social Security due to a failure to report = fraud.
From what I have seen here, the foreign recipient bank (only one, Bangkok Bank, receives Social Security payments), is extremely sensitive to potential Social Security fraud and would jump if Social Security asked them to.