What would you like to do?

Can you deposit social security benefits into an IRA?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Social security benefits is not qualifying earned income that you can use to contribute to a IRA account.
There are three categories of qualifying income that can be used to make contributions to a IRA account.
Amounts earned as an employee,
Self-employment income, and
Alimony income.
23 people found this useful
Thanks for the feedback!

What are the social security benefits in Wyoming?

Social Security benefits are the same no matter what state you live in. Social Security retirement benefits are based on your earnings record or "credits" and your age.

What is the difference between an IRA and Social Security?

In simplest terms, it is a privately held retirement plan which rewards you for doing something that you should be doing anyway....saving for your old age. . Social Secur

Can Social Security benefits be transferred?

No. Social Security benefits are non-transferable, so they can't be garnished, attached or levied by most creditors. Only the federal government can garnish Social Security ch

Who benefits most from social security?

We all do in the long run. It provides income to those who have worked their lifetime and have contributed (along with their employers) into the program. The beneficiaries are

When are Social Security benefits paid?

If you're talking about retirement benefits, you should receive your first check or deposit in the month following your first month of eligibility; benefits are always paid

What are untaxed Social Security benefits?

The government taxes for most social security benefits. If you make no money, then you don't have to pay taxes for social security.

Can you freeze your social security benefits?

Just don't file for your benefits. They don't come unless you file.

How can I check my social security benefits?

In the United States, Social Security refers to the Old-Age, Survivors, and Disability Insurance (OASDI) federal program.[1] The original Social Security Act (1935)[2] and the
In Uncategorized

What is the portability of social security benefits?

The portability of social security benefits is in regards to the ability of workers to maintain social security rights while in the midst of changes. To learn more, Wikipedia