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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Social Security Disability with IRA

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If in doubt, please send a new question or ask for an update.

Q: While collecting Social Security Disability Income, do I have the right to take out some money from IRA retirement fund without affecting the amount of disability income?

A: Yes, IRA withdrawals are not entered into the calculation and therefore have no effect on the benefits. In fact, the IRS gives special favorable tax treatment to early IRA withdrawals taken while disabled that are used to cover the cost of health insurance premiums.

Summary

More resources:

Social Security Online