Income and Assets After Your SSDI or SSI Award

Published on November 21, 2020

Popular reviews highly rated internet income, multiple sources of income, writing tips, best passive income, and Passive Income Ideas for Disabled, Income and Assets After Your SSDI or SSI Award.

What does Social Security say about non-employment income you earn after approval or about assets you may own or acquire? Possible offsets to your disability payment will depend on the type of disability you are receiving.

If you have been approved for SSDI, you do not need to worry much about non-employment income – such as passive income from rental property, long term disability payments, or income from a trust. Your SSDI payment is a function of your earnings record and the law does not call for an offset to your SSDI monthly payment.

Similarly there are no asset limits which apply in an SSDI case. This means that you can own a house, car, boat, paintings or any other asset without any threat of offset.

SSI claimants, however, face different rules. Since SSI is a needs based (welfare) program, there are a variety of income and asset limitations that apply. If you exceed either, your SSI payment will be offset and your monthly payment will be reduced.

The income and asset limits change every year. http://goo.gl/mMyfKm is a good resource for understanding the income limits in an SSI case and http://goo.gl/FmNAdR is a good resource for understanding the asset limitations.

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Passive Income Ideas for Disabled

Passive Income Ideas for Disabled, Income and Assets After Your SSDI or SSI Award.

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