When you called her last night, your grandmother confided that she is afraid to sell her...
When you called her last night, your grandmother confided that she is afraid to sell her home because doing so will affect her Social Security benefits because she thinks that if she has a lot of wealth her SSB may be adjusted. You told her that you’d call her back as soon as you read Chapter 13. Now that you’ve read it, what will you say to her about how her benefits will change when she sells her house?
Homework Answers
Answer :-
- The value of the social security benifits does not change when changes in the value of assets occur, which is held by the beneficiary.
- There is a formula which is generally used to evaluate the benefits due to social security based on earned income only.
- Therefore, by the sale of your grandmother's house, social security benifits will never be affected.
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