Personal Finance

Lottery Winnings' Impact on Social Security

Social Security benefits

See Also: 5 Better Investments Than Powerball

[ANSWER]Lottery winnings aren't subject to the Social Security earnings test, so your windfall won't reduce your benefits. But like other high-income households, you may have to pay bigger Medicare Part B premiums at age 65. The top premium today is $428 per month.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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