Sign in to follow this  
Followers 0

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

6 posts in this topic

Posted

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.

Share this post


Link to post
Share on other sites

Posted

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.

Share this post


Link to post
Share on other sites

Posted

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.

Share this post


Link to post
Share on other sites

Posted

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.

Share this post


Link to post
Share on other sites

Posted

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.

Share this post


Link to post
Share on other sites

Posted

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!

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0