Ask Larry

Will My SSDI Payments Be Affected If I Sell My Home And Keep The Funds?

I'm 63 and was wondering if i sell my home and am on ssdi will the equity from the home sales affect my ssdi pmts if i keep the funds

Hi,

No, selling your home and keeping the proceeds would have no effect on your Social Security disability (SSDI) benefits unless you were a realtor and you sold your home in the course of your business.

If you were receiving Supplemental Security Income (SSI), which is a needs based program administered by Social Security, then selling a home and keeping the proceeds could make you ineligible for SSI.

Best, Jerry

Posted: 
Aug 7 2019 - 7:22am
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