Tucson Social Security Disability Blog

Can I Save Money While Collecting Social Security Disability?

Posted by John Kuhnlein | Apr 12, 2018 | 0 Comments

If Social Security has approved you for Supplemental Security Income (SSI) benefits, you will be subject to limitations on what you can have in assets. (Note that this does not apply to those persons getting SSDI benefits: they can save all the money they wish)

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A Penny Saved. . .

This includes savings.  Unfortunately, this means that SSI beneficiaries would have to avoid accumulating money at the peril of losing their SSI benefits. Not having any sort of cushion against the unseen events of life could leave SSI recipients in danger of such adverse outcomes as being homeless.

Four Ways To Save

There are at least four ways, however, for those persons getting SSI to save money. A recent report from Michigan State University explains these four options.   It is worth reading this study to see if you 

Michigan state university

could benefit from such programs as:

ABLE Accounts

Individual Development Accounts

PASS program

Special Needs Trusts

These are complicated financial arrangements that no one should enter into without doing all the necessary research.  But, if you are on SSI and want the comfort of having savings in the bank, it is worth looking into one or more of these.

Have you opened one or more of these accounts? How did it work? Let me know. 

About the Author

John Kuhnlein

Since 1992, I have been helping the people of Southern Arizona get the benefits they are due. Before devoting all my efforts to assisting people with Social Security disability claims, I also handled such complex lawsuits as medical malpractice and products liability. I brought to my Social Security cases all the skills and attention to detail that I developed in the courtroom. I approach each Social Security disability case as if it were a million-dollar lawsuit. For the people trying to get Social Security benefits, their claim is every bit as important. Because I have personally handled so many Social Security cases, I have refined the skills I need to win your case for you. I have helped people win cases for every kind of ailment from arthritis to valley fever. At present, I am focused on helping those persons with neurological and orthopedic disorders. Because claims for people over age fifty bring additional complications, I particularly seek out those cases to work on. I regularly write about back and spine conditions on my blog. I actively seek out the latest information about orthopedic and neurological disorders to ensure I can represent my clients as effectively as possible. Because of my current focus, I regret that I am not able to take any cases for mental disorders. If you are over age fifty and suffer from any orthopedic or neurological disorder, please contact me at once.

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John Kuhnlein has been assisting people with Social Security disability claims for the past 20 years.

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Feel free to call with any questions or concerns you have about Social Security disability. I never charge for a consultation. In fact, there is no charge at all until we win your case. Unlike most lawyers, I never charge extra for things like telephone calls or making copies.