Let you ? I believe they will insist on it, either before or after serving a short time in a government guest house!
is there a limit as to how much money a person on social security can accumulate
You should receive a letter from the Social Security Administration telling you when to expect the money. Unfortunately, they are sometimes slow in sending the letters out.
No, winning money would not automatically lead to the cutoff of Social Security benefits. However, there are income and asset limits that may affect the Social Security benefits a person receives. If the winnings, plus any other income or assets, exceed these limits, it could result in a reduction or loss of Social Security benefits. It is advised to consult with the Social Security Administration for specific details.
When a person received social security checks, they must file a report as to how they are spending this money. If a person knows of this money being abusively used, they can report it to the Social Security Administration.
employers and employees both have to contribute equal amounts of money into the Social Security Trust Fund
NEVER The money a person has paid into Social Security is already spent. Current benefits are paid from money being put in now. As long as there is money available, a person will get their benefit. Even if they were drawing on the money they had paid in, most people will not live long enough to draw it back out.
No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.
If it is your account, you can do anything you want with it. If you are the custodian for another person's check, the money has to be spent for that person. The guidelines for what benefits another are pretty liberal. If the other person is a minor and you want to use his money to take him and the family to an amusement park, that would be fine. You do have to keep a record of how you spend the money if you are the custodian, but that is pretty simple. Social Security gives you a form. The local Social Security office can provide answers to your specific questions.
The tax is based on the amount of money earned so it depends on what the person earns.
Not likely. Most insurers, if they know that they are on social security benefits, would not loan the money to them.
Yes, social security money can be claimed from a deceased father after one year.
Social Security is not designed to take money from a persons estate unless there is fraud involved