bank account limit

Submitted by Anonymous (not verified) on Tue, 08/09/2016 - 12:07

i get ssdi : is there a maximum of $2000 i can keep keep in my checking account ? , before social security starts looking at my closer ? 64 yrs old; thanks

Bryan
Wed, 08/10/2016 - 13:52 Permalink

Hi there,
if you are receiving benefits based on your work record, there are no financial limits for eligibility, so you may be able to keep over $2000 in your account.

anonymous (not verified)
Fri, 11/08/2019 - 12:40 Permalink

i am receiving a workers comp settlement, i receive disability amount $1348.00, the settlement is $19,339 before attorney, etc, my sum i will receive is $13,000, my age is 55, will this affect my disability amount?

mts

In reply to by anonymous (not verified)

Fri, 11/08/2019 - 15:37 Permalink

Hi,

Your disability amount should not be affected by any additional incomes because it is based off of your own earning history.

Nick (not verified)
Wed, 01/15/2020 - 00:17 Permalink

What if you never worked before but plan on working as a electrician because I’m certified in that field how would that work. I’m only 35

mts

In reply to by Nick (not verified)

Fri, 01/17/2020 - 13:54 Permalink

Hi Nick,

If you are on SSI, having an income generally leads to a partial/complete reduction of your benefits. The SSA will decrease benefits by $1 for every $2 made.

Marie (not verified)
Thu, 01/16/2020 - 19:28 Permalink

Hi I just received a disability settlement. And am now on as disability. I have a ira from when I worked . Will this affect my disability and how much I can save now?

mts

In reply to by Marie (not verified)

Fri, 01/17/2020 - 14:14 Permalink

Hi Marie,

Disability benefits are not affected by income, therefore this should not change your benefits. If you would like to give a call to your local SSA office, they will be able to give you a more specific answer based on the details of your case.

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