If You're 62 or Older, You Might Be Able to Get an Interest-Free Loan from Social Security

Americans face an unprecedented economic situation due to the coronavirus and the great lockdown needed to slow the spread of COVID-19. For many, the financial chaos has made it difficult to pay the bills. 

For those 62 or older, a job loss or income cut may be especially damaging right now. But there's one option available that your younger counterparts don't have if you're eligible for Social Security retirement benefits. You could get what amounts to an interest-free loan from Social Security for up to a year.

Unfortunately, taking advantage of it comes with big risks. 

Continue reading

Source Fool.com