No, not true at all. It depends on how your money is invested and, if it is qualified money, whether you are taking distributions yet. Whether you are taking distribution from qualified money is a function of your age and other investments that may not be producing taxable income. It is not all that different than Obamacare. You can get a subsidy with a very high net worth depending on how your money is invested.
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Originally Posted by OrangeBlossomBaby
Thanks for the clarification on that. I'd forgotten it was reduced over 75k. It does have a limit though - and it's still not likely that someone with a net worth of over a million dollars will get a check, even if they're "living off" their social security. Possible, but not likely because it's based on AGI and not what you're using to pay the bills.
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