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Q: HOW CAN I PROTECT IT AND CONTINUE my SSI bennifits?
A: Unfortunately, there is not a way that you can protect it and continue receiving SSI benefits. SEE BELOW:
Supplemental Security Income: big impact
By contrast, the Supplemental Security Income program is designed for low-income individuals with little or no financial resources. If you have access to an IRA in your own name, then the SSA can treat it as a financial resource that's available to you, and it can require that you spend down your IRA funds before you can become eligible to receive SSI disability benefits.
In addition, even if the IRA itself isn't treated as your financial resource, any income you receive from it can count as a financial resource on its own. For example, if you inherit an IRA and it distributes money to you, then the SSA can reduce or suspend benefits accordingly as long as that money is available to you.
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