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PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 4475
Experience:  35 years tax and professional advice in all matters money
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I was previously on SSDI but turned 65 in April of this

Customer Question

I was previously on SSDI but turned 65 in April of this year. My mother died in July and my inheritance is going into a trust with an amount coming to me each month. My brother thinks this will have an effect on the amount I get. I don't think so because it is not earned income?? Am I right are there things I should look out for??
JA: The retirement accountant will know how to help. Is there anything else the retirement accountant should be aware of?
Customer: I don't have any idea what amount it is going to be. I also am on Section 8 assistance and don't want that taken away. I only have $45,000 in a retirement account of my own, I rent, and have negligible property. 2005 vehicle, 2012 Like scooter. Thank you I thought I was making a paragraph.
Submitted: 7 months ago.
Category: Social Security
Expert:  PDtax replied 7 months ago.
Hi from just answer. I'mCustomer I'll assist.
Expert:  PDtax replied 7 months ago.
Your SSDI benefit will change to regular social security once you reach full retirement age, or FRA. You reach that at age 66, so your question concerns SSDI benefits.
Expert:  PDtax replied 7 months ago.
SSDI benefits are not affected by inheritance or unearned income benefits. Your SSDI will not be impacted.Other benefits, like section 8 or other income based benefits, may be affected. Different states have different income requirements. How your trust is established also will have impact.Thanks for asking at just answer. Followup questions are welcome. If my response covered things, please rate with positive feedback to close out your inquiry. I'mCustomer