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!