3 Ways Social Security Benefits Can Be Garnished

3 Ways Social Security Benefits Can Be Garnished

For tens of millions of Americans, Social Security is an indispensable financial lifeline. A majority of current retirees relies on the program for at least half of their monthly income, and both surveys and saving habits suggest that's unlikely to change as baby boomers move out of the workforce and into retirement.

But this guaranteed source of income (assuming you've earned enough lifetime work credits to qualify for retirement benefits) isn't untouchable. Should you fall behind or default on certain federal loans or civil judgments, it's very possible that a portion of your benefits could be garnished (i.e., seized) by the federal government.

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Source: Fool.com