Ask a Social Security Question, Get an Answer ASAP!
I realize you have a question about social security. My goal is to help you better understand your options.
I assume your social security benefit is regular early retirement benefits
If that is the case, the income from the inherited property will NOT impact your benefits
Yes; I have read that royality payments are unearned income and if that is the case would lower my monthly SSI benefit.
What are the royalties for ?
A portion of a natural gas well
Okay...this is unearned income. It will not affect your regular social security retirement, but it can impact low income social security earnings
Thank you for your answer. Should I talk to a CPA or CPA/Financial Advisor about this question?
I am a CPA...but if you feel you would like to discuss your options in your personal circumstance you can go to a local expert