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Home > Reader Questions > I’ve Been on Social Security Disability for a Social Anxiety Disorder. – Robert

I’ve Been on Social Security Disability for a Social Anxiety Disorder. – Robert

I have been on SS disability due to socaila anxiety disorder since 2008. Before and since my disability I have traded/invested in the stock market mostly losing money. But lately I have been making money on one particualr investment. I bought 2 million shares of a sub-penny stock and it’s doing very well. Some think it could go to 25 cents to a dollar a share over the next few years. It’s about a penny and a half now. If it does hit$0.25 per share or higher I will make a substantial amount of money for which I will have to pay hefy Federal and state taxes on, I’m fine with that.

But am concerned if I make several hundred thousand dollars or more after taxes my SS disability will be cut off. Will it be cut off?

This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments section below.

I've Been on Social Security Disability for a Social Anxiety Disorder. - Robert by

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  • David

    Seems like you should get some advice as you will want to maintain the benefit as the money you get from the investment will not last a lifetime.

  • Montique47150

    SSI is income contingent,  Social security disability is different.  Either way, Social security would have to be informed of the income and what it is from.  I would personally try to get legal advice from legal aid and find out if that is considered earned income because I wouldn’t consider that you are doing a job by trading online,  but it is safer to report it. 
    You will have to pay taxes on any money you recieve so Social Security will know about it anyway. 

  • Msullivan

    Robert,

    it would appear that a windfall would put you over the normal $2,000 resource limit for SSI eligibility. There are exceptions and limits as described at http://www.ssa.gov/ssi/text-resources-ussi.htm.

    if you have serious doubts, don’t hesitate to ask the SSA. It is better to ask than make a serious mistake.

    Good Luck!

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