Can One Make Any Money After Getting Iu?

[griffcher]

Can I make any money if I am on IU?

[john999]

IU is concerned with "earned income" and not "passive income" like form investing. If the income you get involves a W-2 form it is earned income, or if you pay SSA on it then avoid that kind of income.

[jerrbilly]

That's a good point. W-2 form would only come from an employer. I get a different form from my broker every year.

MERRY XMAS! Jerr

IU is concerned with "earned income" and not "passive income" like form investing. If the income you get involves a W-2 form it is earned income, or if you pay SSA on it then avoid that kind of income.

[lowe124]

See 38 CFR 4.16a which says marginal employment shall not be considered substantially gainful employment. For purposes of this section, marginal employment generally shall be deemed to exist when a veteran's earned annual income does not exceed the amount established by the U.S. Department of Commerce, Bureau of the Census, as the poverty threshold for one person.

The current poverty limit is something over 10,000. So you can earn up to this amount and it is not considered substantially gainful employment. As long as you do not earn over this limit, you can work at a job and get IU at the same time.

[jerrbilly]

I saw this reg too but you have to remember unemployability means unemployable as far as definition goes.

But hey, if you feel you can work and aren't IU anymore then by all means go for it. Just know the risks.

HAPPY HOLIDAYS!

jerr

See 38 CFR 4.16a which says marginal employment shall not be considered substantially gainful employment. For purposes of this section, marginal employment generally shall be deemed to exist when a veteran's earned annual income does not exceed the amount established by the U.S. Department of Commerce, Bureau of the Census, as the poverty threshold for one person.

The current poverty limit is something over 10,000. So you can earn up to this amount and it is not considered substantially gainful employment. As long as you do not earn over this limit, you can work at a job and get IU at the same time.

[LarryJ]

I saw this reg too but you have to remember unemployability means unemployable as far as definition goes.

But hey, if you feel you can work and aren't IU anymore then by all means go for it. Just know the risks.

HAPPY HOLIDAYS!

jerr

Just as I said, "do what you deem is in your best interest.....", and be prepared to suffer quietly if your action was not (in your best interest, that is). :)

[john999]

If you get investment money from real estate that is fine. If you actively manage real estate for someone else and get a paycheck that is not fine for IU. If you make 100$ more than the very minimum poverty level and the VA starts to investigate then you may have a big problem. When you have IU and fly under the radar you become invisible to the VA. That is where you want to stay.