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Ask Megan C Your Own Question
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 16576
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
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If I get a settlement will it effect my ssa

This answer was rated:

If I get a settlement will it effect my ssa

MyVirtualCPA :

I realize you have a question about social security. My goal is to help you better understand your options.

MyVirtualCPA :

Are you on regular benefits, or ssi

MyVirtualCPA :

also are you under full retirement age - and what type of settlement - will it be for lost wages?

Customer:

I get ssa regular and it will be fron death of my child

MyVirtualCPA :

Oh I'm so sorry

MyVirtualCPA :

In this case, no - it will not impact your benefits

MyVirtualCPA :

This is considered "unearned income" so even if you are under full retirement age, it will not affect your benefits

Customer:

Thank you so it want effect me in the long run because my child died

MyVirtualCPA :

No, it will not impact you in the long run. I give you our condolences

Customer:

Thank you

MyVirtualCPA :

You're welcome. Once you have the answer you need, will you please rate my response as "Excellent" so that I may receive credit for assisting you today

Megan C and other Social Security Specialists are ready to help you
Thanks, Kesha for your positive rating. I am very sorry for your loss, but glad that any settlement will not impact your benefits. IT was a pleasure working with you today. IF you have any tax questions, or further social security and finance questions, please contact me.

Thanks again. In a couple of days you may receive a short survey. Your positive feedback on this survey is appreciated as it assists me with my rankings on the site.