Ask Larry

What Happens To My SS Benefits If I Win The Lottery?

What happens to my SS benefits if I happen to win the lottery or something like that.

Hi,

Social Security benefits aren't needs based, so lottery winnings would have no adverse effect on your benefits. Lottery winnings are not considered to be earned income, so they would also not count for purposes of Social Security's earnings test (https://www.ssa.gov/planners/retire/whileworking.html).

Best, Jerry

Category: 
Posted: 
Apr 20 2020 - 4:33pm
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