My divorce will soon be finalized and while I will not get any spousal support, I will get a lump sum which I am planning to invest in an IRA. Will my disability benefits be effected by the lump sum ?
Thank you for your help on the matter
Assuming your benefits are indeed SSDI (Social Security disability) and not Supplemental Security Income (SSI) then your benefits are not affected by your other financial resources.
This answer is offered as a public service for general information only and may not be relied upon as legal advice.
If you are on SSI then a lump sum payment will likely be eliminate that benefit. SSDI would not be effected.
answers to questions are for general purposes only and do not establish an attorney-client relationship.
I agree with both answers. What matters is the type of benefits you are receiving. SSI is a needs based program so a lump sum amount is considering income and will make an impact on benefits. SSDI benefits are based on your work history and earnings rather than income you receive from a divorce.
Disclaimer: This post does not constitute legal advice and does not establish an attorney-client relationship.
If you only are receiving SSDI, then the lump sum should not impact your benefits. If you are receiving SSI, it will decrease or likely completely end the SSI benefits.
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