can i demand lawful money from social security benefits in bank account
Dave, I have been reading here and there on your site. Lots of good information. I still don’t understand it all very well, especially the Trust section. Presently, I am receiving retirement benefits from Social security. I receive the benefits by law through direct deposit in a bank here in Texas. I know that :
1. The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) Trust Funds.
2. They are managed by Department of Treasury.
3. A Board of Trustees oversees the financial operations of the trust funds. The Board reports annually to the Congress on the financial status of the trust funds.
4. By law trust funds must be invested in securities that guarantee both principal and interest.
5. Would that prevent me from demanding lawful money. I don’t get my check in the mail anymore. Because of new federal law I had to put my check in a bank through direct deposit. This prevents me from signing for non-indorsement on the check. Can I sign for non-indorsement on the withdrawal slip ?
Thank you Franco
p.s. if i posted in wrong place or some other error . i have lots to learn.