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Avoid losing benefits with SSDI, SSI

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What is the name of your state? IL

Would a no penalty CD or CD at a credit union be the way to go to avoid SSI benefits being cut.

I was told by an Avvo attorney a college 529 savings account or ABLE or Trust would be acceptable for saving without losing benefits. But I want to get away from long distant firms that offer that junk. I get federal benefits.


Senior Member
The best place for the answers to your questions is the Social Security Administration's website.

The United States Social Security Administration | SSA

Or a sit-down at your local SSA office.

There is a big difference between SSDI and SSI.

SSDI is "earnings" related. SSDI benefits are not affected unless you exceed the allowable earnings limit.

SSI is needs based. You can lose benefits if income from many sources and assets exceed a certain amount.

A CD is a cash asset. Over a certain amount would result in a loss of SSI benefits.

As for a 529, ABLE, or Trust, I have no idea. You'll have to find that out at the SSA.

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