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Lump sum back payment

Submitted by Anonymous (not verified) on
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Social Security Disability Insurance (SSDI)

I received two lump sum payments, but I have not spent all of the funds. I want to make a funeral arrangement and buy a car. How soon must I spend the lump sum payment.

carol (not verified)

I receive ssi, my back payment will be a lot of money and they have to give it to me in 3 installments 6 months apart. My question is how long do i have to spend my last installment been that it will be more then the first 2 installment

Mon, 04/04/2016 - 16:21 Permalink
Deanna

Hi Timothy,
I am not sure what you are asking here. If you are getting a lump sum payment, you can indeed always use it for purchasing a new car so long as you don't have two cars on SSI benefits.

Fri, 04/08/2016 - 09:15 Permalink
bresha brown (not verified)

My son is due for another installment payment which is due every six months. They said they released the payment into my account today which is Thursday but its not showing up in my account. How long does ssi installment payments take to post in your account?

Thu, 04/07/2016 - 20:31 Permalink
Bryan

Hi Meme,
Back pay is usually done with installments six months apart. If you haven't gotten your back pay some time in the coming month, I would contact the SSA to find out if there are any problems with your back pay.

Fri, 04/08/2016 - 15:33 Permalink
Bryan

Hi Nikki,
We're not affiliated with the SSA so we would not be able to say why it is late. I would contact them at 1-800-772-1213, they would be better able to help you with this.

Mon, 04/11/2016 - 16:56 Permalink
Peter Langiewicz (not verified)

Hello I have recieved 10,000 in back payment and only have gotten two 2,000 payments 6 months apart I had to pay these to my care takers and retro rent. I am about to get married and really need an early release of my remainder back pay what can I do to get this ?

Tue, 04/12/2016 - 01:52 Permalink
Bryan

Hi Peter,
I'm not sure if they would be able to give you your last lump sum early, but if you call 1-800-772-1213 the SSA may be able to help you further with that.

Tue, 04/12/2016 - 10:08 Permalink
Lyndda (not verified)

I am a rep payee for someone who just received $40k in retroactive back pay due her
What do I do with the money and how long to spend it.Can I put it in a separate bank account?She already has one savings account that she receives her monthly ssi payment direct deposited into.2k is the most she can have in an account.I guess I can always call Social Security.I am new at this.

Tue, 04/12/2016 - 22:50 Permalink
Bryan

Hi Lynda,
If you are a representative payee for someone getting SSI, you have nine months to spend the lump sum money, after that it gets counted as a resource. Generally people spend that money for housing, transportation,paying off any debts, ect. I would definitely contact the SSA, they would be able to give you guidance as to what you can do with that back payment.

Wed, 04/13/2016 - 09:52 Permalink
Laura (not verified)

I was wondering if i could get an advancement on my backpay so i could move back home to Texas. I won my case in Wisconsin but i want to go back home

Sun, 04/17/2016 - 20:51 Permalink

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