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Mon 10 Dec, 2012 11:47 pm
Is there a limit to how much money I have in checking or saving account when receiving SS widow benefits?
@mikidragon,
I'm not clear on what you are asking. Are you asking if there is a maximum dollar limit for your checking or savings account in order to qualify for social security widow benefits?
If so, here's the government website page on survivor benefits.
http://www.ssa.gov/pubs/10084.html
And here is another site that helps explain what the SS government site said:
http://moneyover55.about.com/od/SocialSecuritySurvivorBenefits/a/Social-Security-For-Widows-And-Widowers.htm
No. your deceased SS is determined by his work record. You get the survivors amount whether you make one or a million dollars a year. It is not based on YOUR income, rather it is based on his SS benefit and then the benefit for the survivor.
Now - if you are working, that could reduce the amount of your benefit if it is over the limit.
The SS Administration can answer your questions over the phone.