It looks like it will impact your social security income for the year in which you get the inheritance if you are at or under your full retirement age.http://www.ssa.gov/retire2/whileworking.htmThe good news is that once you reach your full retirement age the Social Security Administration should recalculate and increase your monthly benefit based on the reduced benefits due to your inheritance.http://www.ssa.gov/retire2/whileworking3.htmEssentially what is happening is that you are suspending your payments and paying back into the social security.Check out this article on the topic:http://community.newretirement.com/blogs/newretirement_news/archive/2008/08/28/10984.aspxYou should call your Social Security office and ask them about this situation.
Inheritance is not earned income. It should have no effect on your social security. You will have to pay an inheritance tax on your inheritance. Sobefore you get the inheritance, the government will have their hand out formoney.Earned income is where you go out to get a job to make more money. Up toa certain age that will affect your social security. I retired at age 60.I could not even draw social security until I was age 62 and then I was notallowed to earn unlimited income until I was age 65 without it affecting mysocial security.
my daughter is on her father social security disability she is 36. He died and he has a case for his cancer. she will given a inheritance from his estate. will she lose her social security benifit.
what will happen when I get my inheritance
