SSD and SSI
Not sure if you can help
Client is receiving SSD. at age 58.
Can she receive income from an IRA that she will get in a divorce?
Thank you
Douglas
Not sure if you can help
Client is receiving SSD. at age 58.
Can she receive income from an IRA that she will get in a divorce?
Thank you
Douglas
Permalink Submitted by Alan - IRA critic on Wed, 2017-11-01 16:44
If she takes IRA distributions, the amounts in excess of $20 per month will count toward her SSI maximum income, but will not affect SSD. Therefore, the IRA distributions will have to be quite small to avoid reducing the SSI amount.
Permalink Submitted by Douglas Bauerband on Wed, 2017-11-01 18:43
if she takes a $1000 per month from the SSD, would that be okay or is their a maximum on the SSD?