Jump to content
Using an Ad Blocker? Consider adding HadIt.com as an exception. Hadit.com is funded through advertising, ad free memberships, contributions and out of pocket. ×
  • 0

SSDI and 401K withdrawl?



3 answers to this question

Recommended Posts

  • 0
  • Moderator

freedomisntfree I am sure that your social security office should be able to provide that info. Word of caution when talking to those people; call back again and speak to another person to see if both their info jive. If you use an income tax preparer instead of doing taxes yourself, the should also provide that info (at no charge.) You want to be careful that it is accurate info certainly. You have until you are 70 1/2 to start withdrawing mandatory withdrawls from the 401 (k), so do the math going out 15 years. You don't want to exceed the income limit on your ssdi max limit. Maybe it makes sense to see your income tax expert and see if your situation would warrant going over the max one year, or, if you can, take out more than you need but keep it under the max limit. It is a moving target though because they can change those tax laws and leave you hanging.

  • Like 1
Link to comment
Share on other sites

  • 0

I agree with everything GBArmy says, I just want to add that you should be able to withdraw from your 401K without paying some of the fees since you are disabled.  Make sure your plan administrator knows you are SSDI so they can save you those monies.

  • Like 1
Link to comment
Share on other sites

  • 0
  • Moderator

While I suggest you check with YOUR accountant, my unsubstantiated lay opinion is go ahead and draw money from your 401k.  Here is why:

VA...   VA compensation is not related to how much you have in the bank.  I dont know how much Senator Mc Cain had, but my guess is that he is worth at least a million dollars.  He was on Veterans disability.  Ditto for congressman Tammy Duckworth.  The VA does not have a right to take away benefits because you earned money in the past, contributed to a 401k, and now want to draw it out.  Its also not a crime to be disabled by VA, and earn money, especially off investments.  You can even work, but dont try that if you get tdiu..instead report to VA how much you earned in the last 12 months, as required.  

Social Security disability...Its not a crime to earn money and contribute to a IRA or 401k for retirement, then get disabled later.    I personally have taken money as a withdrawal from an IRA, even tho Im P and T and also get social security disabilility.  

SSI is a different story.  This is essentially welfare.  It is a crime to deceive the government into thinking you need welfare or food stamps, when, in fact, you have money you have hidden from them.  You could get caught.  I never suggest you lie to anyone to get benefits.  You risk getting caught.  Dont do that.  

The differences between SSI and Social Security disability are explained here.  

You indicated yours was social security disability, not SSI.  




Edited by broncovet
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Ads

  • Ads

  • Ads

  • Our picks

    • I found this quiet Interesting supreme court decison
      click the link to read about this.


      From the Article

        • Thanks
        • Like
      • 16 replies
    • A VA Compensation and Pension Examiners Perspective
      A VA Compensation and Pension Examiners Perspective

      This person is going to judge you. It’s their job, and that is why you are there. To be adjudicated fairly. How would you like to be remembered? A scuzzy stereotypical veteran? Or a troubled one who is doing the best they can?

      Do not talk about alcohol or drug-related issues. You are not there to be assessed for those problems. You are there to be evaluated for your psychiatric functioning as today relates to your service history. If the examiner asks about alcohol or drugs, politely remind them that you are not there for those issues if you’ve ever had them, but for how impaired you are in your daily functioning. It’s best to avoid even talking about them. Got a VA horror story? I can tell you a worse one. Don’t waste your time with how badly you believe you’ve been mistreated. The examiner only has a short time to figure out how impaired you are, and they need the facts, concise sentences, and not rambling rants that lead nowhere.
      • 0 replies
    • VA Math, Confusing, Right? Calculate Your Final Rating Percentage!
      10 + 50 = 50 and other VA math mysteries explained.

      VA Math It’s Not Your Mother’s Arithmetic 

      “VA Math” is the way that the VA computes combined impairment ratings for multiple conditions in a Veteran’s compensation benefits claim – and it requires that you unlearn real math. When a Veteran has multiple medical conditions that are service-connected and the Veterans Affairs rates each at a different percentage, it would seem that they should just add up your percentages to get to a total body impairment rating.
      • 2 replies
    • VA will propose adding rare cancers to the presumed service-connected list as related to military environmental exposure
    • Post in I need some help, please
      If you are looking for help taking care of him something like a home health aide that comes in during the week and helps with what he needs help with. For this I would contact your local VA hospital and ask to speak to the Social Worker, explain your situation, ask for help and how to proceed.

      If you are looking for additional compensation in the form of Special Monthly Compensation check out this video from CCK Law I think it will give you a good idea what it is and how to go about applying for it.

      For example there is a Special Monthly Compensation Rate for TBI try reading this article from The Veterans Law Blog on SMC T It is a subscription site but it allows you to view 3 articles for free a month.

      Special Monthly Compensation (SMC)

      I hope this helps.

  • Ads

  • Popular Contributors

  • Ad

  • Latest News
  • veteranscrisisline-badge-chat-1.gif

  • Advertisemnt

  • How to get your questions answered...


    All VA Claims questions should be posted on our forums. Read the forums without registering, to post you must register it’s free. Register for a free account.

    Tips on posting on the forums.

    1. Post a clear title like ‘Need help preparing PTSD claim’ or “VA med center won’t schedule my surgery” instead of ‘I have a question’.
    2. Knowledgable people who don’t have time to read all posts may skip yours if your need isn’t clear in the title. I don’t read all posts every login and will gravitate towards those I have more info on.
    3. Use paragraphs instead of one huge, rambling introduction or story. Again – You want to make it easy for others to help. If your question is buried in a monster paragraph there are fewer who will investigate to dig it out.

    Leading to:

    Post clear questions and then give background info on them.


    • A. I was previously denied for apnea – Should I refile a claim?
      • was diagnosed with apnea in service and received a CPAP machine but claim was denied in 2008. Should I refile?
    • B. I may have PTSD- how can I be sure?
      • I was involved in traumatic incident on base in 1974 and have had nightmares ever since, but I did not go to mental health while enlisted. How can I get help?

    This gives members a starting point to ask clarifying questions like “Can you post the Reasons for Denial from your claim?” etc.


    Your firsts posts on the board may be delayed before they show up, as they are reviewed, this process does not take long and the review requirement will be removed usually by the 6th post, though we reserve the right to keep anyone on moderator preview.

    This process allows us to remove spam and other junk posts before they hit the board. We want to keep the focus on VA Claims and this helps us do that.

  • Most Common VA Disabilities Claimed for Compensation:   


  • Advertisemnt

  • VA Watchdog

  • Advertisemnt

  • Ads

  • Can a 100 percent Disabled Veteran Work and Earn an Income?

    employment 2.jpeg

    You’ve just been rated 100% disabled by the Veterans Affairs. After the excitement of finally having the rating you deserve wears off, you start asking questions. One of the first questions that you might ask is this: It’s a legitimate question – rare is the Veteran that finds themselves sitting on the couch eating bon-bons … Continue reading

  • Create New...

Important Information

{terms] and Guidelines