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-   -   Will Social Security withhold benefits from me if I have money in the Bank? (https://www.askmehelpdesk.com/showthread.php?t=270401)

  • Oct 17, 2008, 09:42 AM
    Oliver_Twisted
    Will Social Security withhold benefits from me if I have money in the Bank?
    Recently I was found to be disable under Social Security Admininstration rules, and am having my benefits directly deposited in my bank.

    Due to the amount of my benefits, I am unfortunately forced to sell my home. I am no longer able to pay my mortgage and other expenses. The benefit amount just isn't enough..

    Because of my condition, I am also moving in with my sister. I need company, due to psychiatric issues.

    I plan on investing the moneis provenient from my home sale. That would help me with a little more income for health care, and medicine, since I am not yet elegible to Medicare.

    My questions is...

    Will Social Security come after the money from my home sale? Will they find out I have that money, once I deposite it in a bank, and stop my benefit, assuming that I have enough money already?

    I am so concerned about it. Will I in the end, have no home, no benefits, and possibly no money in the bank?

    Thank you!
  • Oct 17, 2008, 10:13 AM
    twinkiedooter

    Am surprised that you were awarded Disability without having a lump sum settlement for back benefits owed.
  • Oct 17, 2008, 10:36 AM
    Oliver_Twisted
    I was awarded benefits very, very fast. Less than two months from beginning to end.
  • Oct 17, 2008, 12:09 PM
    twinkiedooter

    Am very surprised that you didn't have to wait for months and/or years for your benefits that is why I asked the question as most cases are not accepted until the claimant has been denied a few times. And no, it was not off topic either as you didn't specify how long you were collecting and/or had to wait.

    Yes, you will have to disclose your proceeds from your home. I know they will ding you but I don't know for how long or how much.
  • Oct 17, 2008, 01:50 PM
    Oliver_Twisted

    Madam.

    I don't mean to be rude. But you seem to know very little about the subject.

    This is people lives we are talking about here.

    You must be careful with the advice you dispense.

    Yes... Your first response was very much off the topic. The second response was even worse, and show how much you understand of the matter.

    The amount of waiting is directly related to the gravity of your condition. Nothing more, nothing less.

    Unfortunately, I have a very serious psychiatric condition. Don't get me wrong. I am not crazy or anything, but I have been in situations where my life has been in danger, due to my condition.

    The only reason I did not want to ask Social Security this question directly, is because I get very nervous, when speaking with any Government Agency, and any Government Official.

    I think that is a mistake. No one should be so nervous about anything, that it would prevent them from asking questions, after all, they are there to serve us.

    I have learned that there is a lot of misconceptions about the Social Security Administration. I mean... A lot!

    If you have nothing to fear, and your medical condition is real, and valid, your case will be reviewed and approved just as fast as mine was. If mine wasn't approved any faster, was because of the lawyer I had contracted, was asleep at the wheel, otherwise, my case would have been approved a month, maybe even sooner.

    My question, was about financial matters, and not about claim approval.

    I have read all that I could find on the subject in the Social Security sites I have come across, including it's official site, and still, I was not able to find the answer I was looking for, and that is what brought me here.

    I see now! That was a mistake. Thank you however for your willingness to help. I am not against that.

    Thank you.

    Oliver.
  • Oct 17, 2008, 04:52 PM
    twinkiedooter

    You said: "If you have nothing to fear, and your medical condition is real, and valid, your case will be reviewed and approved just as fast as mine was. If mine wasn't approved any faster, was because of the lawyer I had contracted, was asleep at the wheel, otherwise, my case would have been approved a month, maybe even sooner."

    I worked for a disability insurance attorney for several years. The only way he could legally represent anyone was only AFTER they had been turned down at least once by disability. I have no idea how you had an attorney represent you and have you approved that quick. You state "if your medical condition is real" - the attorney I worked for had clients who had real physical problems and they were not instantly approved like you were. Even a lady who had full blown AIDS her case took over 1 1/2 years to be approved!

    I already answered your question - I said that you must report/disclose your proceeds of your home sale to disability. I have no clue as to how much they will penalize you monetarily as I don't know how much you receive each month, nor do I know what your proceeds of your home will be. If you truly want an answer to this question, why don't you ask your lawyer? He should know.
  • Oct 17, 2008, 06:02 PM
    Fr_Chuck

    Sorry Oliver but it is you that knows nothing, The advice you got was perfectly correct.

    In the US is it almost never heard of to get your disability that fast, people who have obvious needs are more than 30 percent denied on the first request and others have to hire an attorney to ever get it.

    Waiting 6 months to get a first payment is more normal and even longer in a large amount of cases.

    So what you had happen to you almost never happens, is so unheard of that one could have to wonder how it happened so fast.

    But if you want to be rude to people trying to help you, you don't need help, saying thank you to some experts that know their business should be done,

    I would expect you to tell them you are sorry.
  • Oct 17, 2008, 06:25 PM
    Oliver_Twisted
    Quote:

    I worked for a disability insurance attorney for several years. The only way he could legally represent anyone was only AFTER they had been turned down at least once by disability.
    Non-sense! Anyone, at the instant they have a doctor recommend they to go on disability, can retain the services of a laywer that specialises on such service. You don't have be denied first, to them retain the services of an attorney.

    Quote:

    I have no idea how you had an attorney represent you and have you approved that quick.
    It's easy. I looked at the Yellow Pages, and searched for an attorney that represents clients with Disabilities Cases. Try it!
    And I will tell you one more thing. That jerk, charged me $1,500.00 and did nothing. Nothing at all. He didn't even file the claim. I had to go myself to The Social Security Admininstration Office, and do it personally. Had I known Social Security Employees would be so helpful, kind, and willing to help, I would never had retained the services of that blood sucking attorney.
    Lady, please. Don't say you worked for one. That explains why people can't get their Disabilities Claims approved. Its because of people like you, representing them, and not knowing what they are doing.
    You people just don't know what you are doing. There is just not any other possible explanation.

    Quote:

    I already answered your question.
    No you haven't madam. All you've done so far, was to distract any possible person that comes along with a real answer, from actually responding to my question. Just tell me... "I don't know!", and I will be just as grateful.


    Quote:

    I said that you must report/disclose your proceeds of your home sale to disability.
    Please guide me! Tell me where there information is publish, so I can read it, and find out for myself. I have searched the Net for days now, and no one has that info, including the laywers I have asked, and consulted with.

    Now... If you have enough money, so much so, that you are willing to part with so easy, please, don't let me stop you. Or is that the sort of advice you give your clients. Does one have to be rich in this country, in order to get good advice on how to save his or her money?
    Please post a link with that info. Where is that posted. Which case law, which book, where did you obtain that information. If it is a matter of going to Social Security in person, and asking, I can do that myself. However, I already explained the reasons of why I don't like to do that. I am someone extremely anxious, and I get sick, pass out, and have to be taken to a hospital, every time I get into stressfull situations, and that is why I try to avoid them. That is why I came here. I thought this was a serious site, with serious people, giving serious advice.

    Quote:

    I have no clue as to how much they will penalize you monetarily as I don't know how much you receive each month, nor do I know what your proceeds of your home will be.
    This has nothing to do with penaties. No one is penalised for selling a home. I would have to pay Federal Taxes, but even that is irrelevant in my case, for I have lived in my home for more than 5 years. So I am exempt from filing taxes in this case. Plus the sale price of my home is under a certain amount, which again, frees me from that obligation. Now if you expect me to come here and disclose my private affairs just so you can answer my question, forget it! I am not going to do that, and I don't know of anyone that would, unless they are really crazy. Which in this case, would entitle them to all the Social Security they need.

    Quote:

    If you truly want an answer to this question, why don't you ask your lawyer? He should know.
    That is your first sensible piece of advice. I guess I will have to do that, since this site was completely inadequate as far as obtaining any real good ones.

    I am not so certain that I am the one that knows "nothing".

    This reminds me of my Immigration case. By the time I was done with mine, I knew more than those working for that department. I even had the lady that interviewed me, tell me that I would never be able to become an American Citizen, because I had failed to enlist with the armed forces. What she failed to recognise, is that I had entered the country as a student, and remained as such, up to the age of 26, by which time, I was excused from doing so.

    Do you know what is wrong with this country? People don't read anymore, unless the books have pictures. And that is why the poor is getting poor, and the rich, getting richer.
    I guess I will have to find out for myself, and them I will come back, and let you folks know. You are obviously just like every one else. You just don't know what you are talking about.

    You should try doing some reading by yourself. It is really not that diffucult. Stop depending so much on the bloody laywers. All they want, is to make money at your expenses. Now if I could have found something about it by myself - which I have been unable to do - and which leads me to the conclusion that there is simply nothing about it written down (which I doubt myself), I would have done so. Believe me, I am not lazy.

    You like percentages, Mr. Fr_Chuck?

    Here is another percentage for you. 80% of people filling for Social Security Disability Benefits wouldn't need a laywer, if they were willing to do a little of the work themselves.

    If it makes you feel better!

    I am sorry!

    Oliver
  • Oct 17, 2008, 07:38 PM
    Fr_Chuck

    Poster seems to know everything and needs no help, thread closed.

    By the way, no most people wait months if not years. I know people completely disabled and they have been denined at least 3 times. Your case is really the exception to the rule.

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