Social Security Recipients

[Lebert Wilson-Harris]

Good morning everyone,

I did a search for this topic, but after going through the first 4-5 pages of search results I decided it would be easier to post this question. I was talking with a friend about investing in real estate, and had mentioned the method of wholesaling to get into the arena and then building from there. He currently works at the social security office, and mentioned to me that he sees recipients of SS benefits who inherit properties from a family member's passing. He also mentioned that inheriting these properties is a strike against their SS benefits, and they have up to a year to either sell the property or keep it while taking the deductions in what they receive monthly. I saw this as a perfect opportunity, but wanted to know how does one go about getting this information in a legit and lawful manner? Also I don't want to put his job in jeopardy.

Thanks for all the advice in advance.

[Frank Adams]

I've never heard of inheritances affecting social security amounts. I receive the same $2900 per month regardless of other income. Also AFAIK local offices have nothing to do with determining benefits, that is all done at the central (Washington?) location. Also they would have no idea about inheritances which are a function of local and state law.

I do know that earning too much, over about $180,000 taxable can affect ones Medicare premium. This happened to us once when my wife was on Medicare and I was still working and my commissions got too high.