Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...

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 ...

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again. Get the AARP Now app. New and improved, it’s the app that makes ...

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 ...

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 ...

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 ...

Managing finances on behalf of someone else can be a significant responsibility — especially when it involves government benefits like Social Security or disability payments. A representative payee ...