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

[Joshua Hendrickson]

In California, its called the stable account.  I like Kendra have an
able account.  Check them out.  You can save money with an able or
stable account and not have to worry about getting penalized by social
security.  Good luck.

On 2/20/24, Kendra Schaber via NABS-L <nabs-l at nfbnet.org> wrote:
> 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 beyond the unfair limits that we’re held down low under by the outdated laws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
>
>
> Get Outlook for iOS<https://aka.ms/o0ukef>
> ________________________________
> 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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-- 
Joshua Hendrickson

Joshua Hendrickson