Social Security is much more than deciding if you should begin claiming benefits at age 62 or take it at 70, when you reach full retirement age. The Social Security laws include myriad rules and regulations governing everything from death, disability, and marriage and divorce to children and stepchildren and other pension benefits, according to Ted Sarenski, president and CEO of Blue Ocean Strategic Capital. Buried within the thousands of pages of Social Security documents are a few quirky provisions that Sarenski said he likes to call the "criminal's corner."
"Social Security benefits are the backbone of most people's retirement plan," he said. "Stay away from serious trouble with the law if you want to retain your earned benefits." That said, we turn to Sarenski to take us through some of those strange Social Security "criminal" regulations that often bar Americans convicted of serious crimes from accessing benefits.