Does the Earnings Test Apply to My Assets?

Jun 25 2016 - 7:15pm

If I have money in the bank and I want to collect social security survivor benefits will they take my money under the Earnings Test? I am 64. Thanks, Deborah

Hi Deborah, the Earnings Test based just on money earned from working, including working for yourself. The Earnings Test can depend on royalty income if you engage in promoting your book or other work. But money in the bank? Not a problem. Best, Larry