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What happens to my disability payments if I win 10k or so


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#1 ManWitPlan

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Posted 15 May 2012 - 11:14 PM

I get the max but if I somehow won 10,000 gambling does my ssi immediately go away? Gambling winnings are considered different than work income right? So I could count losses as well right? This all seems so complicated to me as far as maintaining ssi if I win a decent chunk of cash. Cause I know that if you generate a certain amount of income working part time for instance they take away maybe half of your ssi check. But gambling is different I would say.


#2 bpladybug

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Posted 16 May 2012 - 12:29 AM

It is not earned income. You need to ask a lawyer, an SSDI lawyer this question.
It might have no effect because SSD is not based on needs, they don't ask you
how much you have in savings or in an IRA. It is based on what you deserve
from your past earned income.

Ask a lawyer.

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#3 gizmo

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Posted 16 May 2012 - 08:39 AM

SSI is based on income. If your cash net worth changes, such as having money in the bank, then your benefits can and probably will change. They make you spend down the money.

A lawyer or someone on SSI could give you more detailed info. But my advice is to deal with now rather than wait for your annual review.

Please don't spend the money gambling. It is one of the most common addictions in my state, and I've learned through hard lessons like blowing my rent money gambling (while manic) that it only ends up hurting you.
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#4 scatty

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Posted 16 May 2012 - 01:39 PM

Please take gizmo's advice and not gamble with your SSI money. The government gives you that just to survive, not to lose it in a casino. You would have to pay taxes on your winnings as well. Just. Don't. Do. It.

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#5 Antigone

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Posted 16 May 2012 - 03:59 PM

SSDI (Social Security Disability Income) is what you have earned through working and receive from the federal government (which is only affected by work income you may receive). It is not based upon your resources. If you are also receiving SSI benefits (Supplement Security Income), however, those are based upon your additional resources or lack thereof (for instance, I can't get it because my husband works full time as an officer plus overtime), so that would probably be affected by any windfall you receive (lottery, gambling, inheritance, etc.).

Do not gamble. It is no different than spending sprees (my weakness) in bipolars. It will cost you big time.

Go see your pdoc. You may need a medication adjustment.

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#6 AirMarshall

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Posted 16 May 2012 - 04:03 PM

Don't try to cheat the Social Security folks. They have deep data bases and plenty of investigators. It's better to be honest and report your income, accept the few months loss of eligibility, than to be discovered as a cheat, forced to pay reimbursement and be barred from any further benefits!

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