View Full Version : Will pulling money out of my 401k affect my social security disability
Timothy Ford
Feb 16, 2010, 10:04 AM
Pulled $2600 out of my 401k, which netted me $2028 after witholdings for state and federal taxes. Will this affect my social security disability benefits? I have been working part-time since December 2009 earning $564 per month also. How much can I withdraw from my 401k without affecting my SSD benefits?
ebaines
Feb 16, 2010, 11:14 AM
Only earned income counts against your social securiity benefit, and withdrawals from an IRA or 401(k) are not considered to be "earned." So no - it will not affect your SSD benefit. Same thing with other possible sources of unearned income such as pensions, interest, dividends, capital gains, inheritances, etc.
chris1947
Jul 24, 2012, 09:44 PM
Will pulling money out of my 401k count against my social security retirement benfits
ebaines
Jul 25, 2012, 05:38 AM
will pulling money out of my 401k count against my social security retirement benfits
No.