The rules for SSI state that I can't have any more than $2000 in my bank account. Its very difficult for me to keep my bank account in the 0 to $2000 range while paying rent, business expenses and receiving checks for work. I want to work more but if the checks get bigger it makes it impossible to keep my bank account below $2,000 when the check hits my account. My employer pay bi-weekly. Can anyone think of a way I can better handle this? It seems like I need the ability to overdraft my account to below a 0 balance. Is this a feature BofA could add to my account? Can anyone think of other solutions?
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Have you looked into a PASS account? You should be able to get help with this from your local center for independent living:
https://www.ssa.gov/disabilityresearch/wi/pass.htm
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If you were injured before age 26, you can open yourself an ABLE account. The first $100,000 you accumulate doesn’t count toward the SSI asset limit. It has to be used for certain things, but the categories are pretty broad (food, shelter, transportation, etc). You can deposit up to $16,000 a year.Comment
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From what I can see the ABLE account looks pretty good. When I wasn't working I was on SSDI and only had to be concerned with "Trial work periods" and "substantial gainful activity" when reentering the workforce. For people on SSI, there were enormous disincentives to trying to work.Originally posted by funklab View Post
I hope the ABLE account is enabling folks to work.
https://www.ablenrc.org/what-is-able...-able-acounts/
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