Is it illegal to sell your Social Security annuity?

[Maurice]

I certainly hope so. And I assume it is, since I don't see advertisements offering to buy the payment stream.

But does anyone know if it is actually illegal?

[FIRE'd@51]

Quote:

Originally Posted by Maurice I certainly hope so. And I assume it is, since I don't see advertisements offering to buy the payment stream. But does anyone know if it is actually illegal?

I don't know, but if it is, I would certainly like to sell mine to Rustic23 for 28.6 times the annual payment.

[OAG]

Well you can sell your Military Retirement income stream, so why not SS. IMO either one would be a very stupid decision.

[FIRE'd@51]

Quote:

Originally Posted by OAG Well you can sell your Military Retirement income stream, so why not SS. IMO either one would be a very stupid decision.

IMO, whether or not it's a "very stupid decision" would depend upon the sale price.

[Robert the Red]

Social Security Act §207

I suppose you could sell your annuity, but since no one could enforce their right to get the money from you, it might be hard to find a buyer.