Twitist Forums / General Social Media & Marketing Forums / Social Marketing v / Is someone allowed to invest in the stock market if they are on disability? (social security)?



This Forum has been archived there is no more new posts or threads ... use this link to report any abusive content
==> Report abusive content in this page <==
Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Is someone allowed to invest in the stock market if they are on disability? (social security)?
10-12-2012, 08:52 AM
Post: #2
A Nobody Offline
Newbie
*
 		Posts: 0
Joined: May 2012
Reputation: 0
 
Income or the lack of it is not a criteria for investing in the stock market. Therefore it is not illegal for someone on SSI to have a brokerage account.
When opening an account you will have to disclose your source of income.

However, you may have to report andy income that you receive from your investments if SSI sends you a questionnaire or does a periodic review on your sources of income. This review could effect your SSI payments

Bottom line - it's not illegal for someone on SSI to have an investment/trading account but SSI may have problems with your investment income.
Ads
Find all posts by this user
Quote this message in a reply
Post Reply 


Messages In This Thread
[] - A nobody - 10-12-2012 08:52 AM
[] - Common Sense - 10-12-2012, 08:52 AM
[] - hay - 10-12-2012, 08:52 AM
[] - Scott1120 - 10-12-2012, 08:52 AM
[] - Caveat Emptor - 10-12-2012, 08:52 AM
[] - zuma - 10-12-2012, 08:52 AM

Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | Twitist Forums | Return to Top | Return to Content | Lite (Archive) Mode | RSS Syndication