Originally Posted by cybermember
How much money are you able to have in the bank with SSD? I understand SSI has a $2000 limit before red flags get thrown up, but what about SSD? Are there red flags to how much you can have in the bank with SSD?
SSI has a $2000 resource limit that includes the cash in your pocket or in your safe deposit box or hidden in your home safe as well as your second or third car, your investments, the cash value of some life insurance policies, all of your non-home real estate, oh, and the money in the bank.
Being over the resource limit for SSI is not a red flag; it means you are ineligible for SSI benefits for as money months as you are over the resource limit and can create tremendously large overpayments.