I realize you have a question about social security. My goal is to provide you with excellent service, and help you better understand your options.
How are you today?
I'm sorry to hear about the death of your father.
Your wife's social security disability will NOT be impacted by the sale of this house.
However, your SSI will be impacted because your financial resources will go up over $3,000 when you sell the house
Your benefit will be suspended until you spend that money. You can purchase exempt assets such as another primary residence or one vehicle.
My birthday is XXXXX 24, 1952, I will turn 62 this Jan. I have been told that I must apply for regular Social Security benefits but my medical will stay under the SSI guidelines until I reach 65 then will go to medicare.
Would waiting till I am 62 help?
No, you will stay on social security disability until you are full retirement age and then it will change to retirement automatically
Oh you mean your SSI?
If you get a retirement benefit, then your assets won't matter
so, waiting until you are 62 would make sense
I thought you were on disability and your spouse was on disability
She is but I am on SSI
Yes, you would have to apply for retirement to get off of SSI
So, I would have to be on Full SSD to not be affected by the Capital Gains tax?
Correct, you would have to be on SSD or regular retirement, not SSI
Is there anything else I can assist you with today?
If not, please rate as "excellent" so that I may receive credit for assisting you today
No Thanks, XXXXX XXXXX an appointment with an attorney.