Ask Larry

If I Win Some Lottery Money Could I Keep My SSI Retirement?

Just have one question. If I won some Lottery money could I keep my SSI retirement , I retired at 62.

Hi,

Lottery proceeds would have no effect on Social Security benefits. However, if you're receiving Supplemental Security Income (SSI) then lottery proceeds could affect your eligibility or benefit rate. SSI is a needs based benefit administered by Social Security, so any changes in a recipient's income or resources can have an impact on those payments.

Best, Jerry

Category: 
Posted: 
Jun 9 2019 - 3:53pm
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