[nfb-talk] SSDI AND INHAIRTENCE

[David Evans]

Dear All,


SSDI should not be effected as the money was not earned income, but Medicaid 
may be.
You could place the money in several CD's, that are staggered to come due at 
different times of the year, so you can cash them in slowly, over time, as 
needed or just treat them as some kind of IRA account that will earn 
interest and wait until you are 65 years old to use them when SSDI ends.
Everyone who reaches the age of 65 years goes on to SSA as all disability 
ends at age 65.
Then you would be old enough to cash them in without paying a penalty as you 
will be in a better tax bracket.
If you invest the money in some kind of eneuities, they should be tax free 
and you can let the interest grow over the years.
Investing in some form of insurance policies will be tax free and could 
provide you with some long term income in your old age.

Talk to a tax or financial advisor about the best way to handle it.

David Evans, NFBF
----- Original Message ----- 
From: "Cathy Shirley" <buttons46825 at yahoo.com>
To: "NFB Talk Mailing List" <nfb-talk at nfbnet.org>
Sent: Sunday, February 04, 2007 2:07 PM
Subject: Re: [nfb-talk] SSDI AND INHAIRTENCE


> Hi Lynn.
>
>       Yes, I am talking about my Social Security Disability not S.S.I. So, 
> I do not have to worry? Is ther a limit as to what we get? We will be 
> receiving just a little over $ 5,000.00 a peice. Thank You so much for 
> your time and answers.
>
> 
> Cathy
>
>
> BMW <lynnwhite51 at sbcglobal.net> wrote:
>  Hi Cathy,
>
> Let's make sure that we are on the same page. I am assuming that you are
> talking about Social Security disability income rather than SSI
> (Supplemental Security income).
>
> If my assumption is correct, the inheritance will not affect the SSDI.
> However, if you are speaking of SSI, then there is a limit that a person 
> can
> have in assets.
>
> Hope this helps.
>
> -----Original Message-----
> From: nfb-talk-bounces at nfbnet.org [mailto:nfb-talk-bounces at nfbnet.org] On
> Behalf Of Cathy Shirley
> Sent: Sunday, February 04, 2007 11:07 AM
> To: nfb-talk at nfbnet.org
> Subject: [nfb-talk] SSDI AND INHAIRTENCE
>
>
> Good day.
>
> I hope you can answer a question for me. My father died on January
> 24, of this year. He left my three sisters and myself a small inhairtence.
> How will this impact my SSDI?
>
> Thank you for your time
> Cathy
>
>
> ---------------------------------
> Access over 1 million songs - Yahoo! Music Unlimited.
>
>
> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://www.nfbnet.org/mailman/listinfo/nfb-talk
>
>
>
> ---------------------------------
> Bored stiff? Loosen up...
> Download and play hundreds of games for free on Yahoo! Games.


--------------------------------------------------------------------------------


> _______________________________________________
> nfb-talk mailing list
> nfb-talk at nfbnet.org
> http://www.nfbnet.org/mailman/listinfo/nfb-talk
>