Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Retirement (https://www.askmehelpdesk.com/forumdisplay.php?f=281)
-   -   Will pulling money out of my 401k affect my social security disability (https://www.askmehelpdesk.com/showthread.php?t=447770)

  • Feb 16, 2010, 10:04 AM
    Timothy Ford
    Will pulling money out of my 401k affect my social security disability
    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?
  • Feb 16, 2010, 11:14 AM
    ebaines

    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.
  • Jul 24, 2012, 09:44 PM
    chris1947
    Will pulling money out of my 401k count against my social security retirement benfits
  • Jul 25, 2012, 05:38 AM
    ebaines
    Quote:

    Originally Posted by chris1947 View Post
    will pulling money out of my 401k count against my social security retirement benfits

    No.

  • All times are GMT -7. The time now is 12:16 PM.