Ask Larry

Supplemental Security Income

Can Social Security Deduct My Food Stamps From My SSI?

Can social security use my food stamps as other income other then SSI ? Because they short my checks the amount I get in food stamps. My worker told me they don’t hold it against me, yes they obviously do. I am paying for my food stamps dollar for dollar every month. If that’s the case then they should deduct the amount people get in food stamps from the amount of money welfare gives needy families.

Posted: 
Tuesday, December 28, 2021 - 13:01

Will My Son's And His Mother's SSI Checks Be Cut If I Move In With Them?

I own a home outright, I’m on SSDI and collect a small pension..My son and his mom live in the house for cheap rent monthly. They both recieve SSI….I now want my house back but don’t want them in the street, can I rent them rooms in the house basicly for what there paying now but will it cut there checks or my check if I move in?? We were never married…I get between both checks SSDI and Pension 25933 monthly…Thry each get around 820 each monthly..They will pay there own rent share, buy and cook there own food and pay there own expenses…

Posted: 
Sunday, December 19, 2021 - 10:18

Will Investing In Bitcoin Affect My SSI?

I have Supplemental Security Income. If I invest in bitcoin will that effect my SSI?

Hi. It certainly might, especially if you make a profit. Supplemental Security Income (SSI) is needs based and there are limits on how much income and resources a person can have and still be able to qualify for SSI. Therefore, any increase in your income or countable assets can cause your SSI payments to stop or be reduced.

Best, Jerry

Posted: 
Tuesday, November 30, 2021 - 08:38

Do I Have To Apply For Ex-Spouse Benefits At Age 62 Since I Receive SSI?

I receive SSI. I will turn 62 on Jan 27. I am qualified for ex spouse benefits. Do I have to apply for those benefits at 62 since I do receive SSI ?

Hi. If you're drawing Supplemental Security Income (SSI) and if you don't apply for any type of Social Security benefits for which you qualify as soon as you're eligible, then Social Security will stop paying your SSI benefits. SSI is a needs based program, and one of the requirements for eligibility is that you apply for any Social Security benefits for which you're eligible.

Posted: 
Saturday, October 9, 2021 - 18:57

Can I Give Away Assets And Be Safe?

As far as it goes with cryptocurrency and ssi benefits. I bought all my crypto with stimulus checks and wonder how things works regard to that. I don't want to lose my ssi check over some assets that were available at the time. Would i be able to give away the assets and be safe? What should i do in this situation?

Posted: 
Friday, September 10, 2021 - 09:34

If I Receive SSI How Much Time Do I Have After Receiving An Inheritance To Spend It On A Home?

How much time do I have after receiving inheritance on SSI do I have to spend the inheritance on a home?

Hi. To clarify for other readers, an inheritance wouldn't affect Social Security benefits but could affect Supplemental Security Income (SSI) payments. SSI is a needs based benefit administered by the Social Security Administration.

Posted: 
Wednesday, August 18, 2021 - 13:11

What Are My Options?

Hi, Larry, I’m 75 years young in 1993 Iwas working on a traffic detail. I was struck in the head by the cherry picker. I lost everything job security not to mention being disabled at 50. Add constant pain and a complete change in life style. That said when ?I applied for SS I don’t know if the agent was having a bad day or what, but he never offered SSI my tax man told me about a year ago that I should be on SSI. I have not worked ever again. I receive $500. A month minus Medicare payment. Thank God I’m alive. I was left with a brain injury. What are my options? Thanks Ed.

Posted: 
Monday, August 16, 2021 - 14:44
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