Ask Larry

Disability Benefits

Will It Affect My SSDI Benefits If I Purchase Rental Property Or Trade Securities?

Hello, I hope you are well. I currently receive SSDI benefits for myself and also receive SSDI benefits for my dependent children. I'm trying to find ways to increase my income. So I'm considering two things. 1) Buying rental property with a combination of savings and business credit (hoping to file as a single member llc in order to receive the funds). If, I get the funds, the rental will be completely managed by a property manager; and 2) studying in order to be able to swing trade(holding trades for more than 3 days, most likely more than 1 week).

Posted: 
Monday, January 17, 2022 - 08:25

Should I Do Anything If I Own A Business And Receive Disability Benefits?

I went on SSI in 2017 after being diagnosed with absense seizures. 5 years later I am retested and notified that I was misdiagnosed. I purchased a small motel 3 years ago and have staff for daily upkeep. I do not receive income thru payroll or salary but have a net income for the business which is reported . H& R has been doing my taxs which includes net thru corporation and SSI payments. Should I do anything?

Posted: 
Saturday, January 15, 2022 - 11:39

Where On Social Security's Website Does Explain How Monthly Earnings Are Counted?

Larry: "When calculating a person's countable earnings for purposes of the trial work period (TWP) and substantial gainful activity (SGA), Social Security goes by the amount a person earns in a month, not the amount they are paid. However, Social Security will default to using the amount paid in a month unless they have evidence needed to show how much the person actually earned in the month"
Can you please tell me where it states this on the Soc. Sec. Website?

Posted: 
Monday, January 3, 2022 - 17:07

When I File And Start Collecting Benefits Will My Wife Lose Her Disability Check?

My wife is collecting disability and I'm thinking of retirement next year when I file and start collecting SSI does she loose her disability check?

Hi. Assuming that what your wife collects is a Social Security disability benefit, then the answer is no. Your collecting benefits would have no adverse effect on your wife's benefits as long as she's receiving a Social Security benefit and not Supplemental Security Income (SSI).

Posted: 
Thursday, December 23, 2021 - 16:47

Can You Explain Whether Or Not I Should Have Taken Disability?

Sir, I retired at 62 and now I am 70. When I retired, I was found to be disable by the SSA and a letter from the SSA was sent indicating this. I went to my appointment and the agent informed me, it was not necessary to take this benefit and stay at the regular rate. Now I find that maybe I should have take the disable benefit. Can you explain if I should have taken the disable benefit and if it would be worth any more financially to me today.

Posted: 
Tuesday, December 21, 2021 - 11:02

Do You Know Of Anything That Could Help My Situation?

I was awarded SSDI in October . I was also told I would receive no back pay due to the fact that the judge rendered me disabled March 25 2021. One day before I turned 50. My lawyer told me that I would receive back pay for SSI and SSDI from date of filing which was Sept 2019. Why the judge did that is beyond me when I had my NCV'S showing I was chronic since Feb 2020. I been receiving injections in spine and hip since 2018 and was on opioids. I stopped opioids because I became addicted . So the judge acted as if pretty much such I no longer take pain meds I guess I'm good.

Posted: 
Saturday, December 18, 2021 - 11:15

Will I Lose My Disability Benefits When I Inherit My Father's Estate?

Hello,

I’m on disability and am worried about when my Father dies and I inherit his estate ( such as any money, home )will I lose my disability when I have to sell his home and receive that money? I’m worried about what I should do before it happens because I cannot afford to lose my disability! Thank you for your time!

- Jacob

Posted: 
Saturday, December 11, 2021 - 10:54

Will My Friend's Bitcoin Profits Cause Him To Lose His Social Security Disability Check And His Medical Coverage?

a friend bought two bitcoins when they were $7,000 each. Now they are worth nearly $50k each. He's been on social security disability d/t schizophrenia he developed in his 20s. He's now in his 50s. He hasn't taken
any money out of his bitcoin because he's afraid he'll lose his medical coverage and his $800 monthly check.

Posted: 
Thursday, December 9, 2021 - 09:01
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