[NABS-L] Advice on saving money while receiving Social Security and working

[Kendra Schaber]

Hi Maria!
Have you ever heard of the ABLE account? I know it’s another account but it’s the only legal and real way that anyone on SSI can actually save money beyond the unfair limits that we’re held down low under by the outdated laws that govern the whole entire Social Security Administration. I think the website with info about these accounts is found at able.gov, but you can also google up the search term, ABLE account as well. I hope this helps!
Kendra


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________________________________
From: NABS-L <nabs-l-bounces at nfbnet.org> on behalf of Mariya Vasileva via NABS-L <nabs-l at nfbnet.org>
Sent: Tuesday, February 20, 2024 11:25:54 AM
To: NABS-L at nfbnet.org <NABS-L at nfbnet.org>
Cc: Mariya Vasileva <mkvnfb94 at gmail.com>
Subject: [NABS-L] Advice on saving money while receiving Social Security and working


Sent from my iPhone
Hi All, I am in need of advice on a very important topic. I am currently working for the lighthouse, and I absolutely love what I do. At the same time, I am receiving Social Security, because I am under the monthly cap for recipients who are employed. This puts me in a very odd predicament because I am not able to save money because of Social Security‘s monthly limits on how much money should be in one account at a time per month. Therefore, I am in need of advice from anyone on this list as to how to go about saving money for any future situations while still receiving Social Security. I know that saving cash is not the safest route because of not many people doing that nowadays, and it’s not very safe. I also know that I can’t have too many accounts, because of Social Security‘s income limits. If you guys know of any alternative ways to save money in this type of situation, I would greatly appreciate all the help that I can get.
Sincerely,
Mariya Vasileva
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