2022 tax return Regarding RMD from my deceased father/Social Security Disability/Long Term Disability

[bethadornetto]

I live in the state of Pennsylvania. I am currently disabled and collecting SSD and Long Term Disability from the company I use to work for. Which I purchased when I was an employee, related to me having Multiple Sclerosis. My father past away October 2019 and his financials were closed last year. This year I am going to recieve RMD's, approximately $900.00, and I wanted to know if this will affect my monthly Social Security payment and my Long Term Disability payment.

I do not want to have to pay overpayment to the LTD company if this is the case.

[rferreira 1]

You did not specify if the RMD is $900.00 annually or $900.00 monthly.  Either way, this will not affect your Social Security benefits.  As far as the LTD payments, I would contact the company that is handling your account and ask them directly.  Each company has their own parameters, so it is impossible for me to comment on that.

[pmurphy3]

The RMD from your father's pension/IRA will have no effect on your Social Security.   Not sure about the LTD that is from your former employer.   What does the contract say?   Do they take into account other sources of income when you receive the payment for the LTD?  Are you required to make payment to the LTD company if you exceed a certain income level?

Hope this was helpful, but we are here if you clarify the circumstances of the payments.