Series I bonds
hi Terry
if someone is on SSI income only and they want to try and better themselves by buying an I bond. their question is will this affect the SSI money there currently getting.
thank you
Terry Says
There are asset limits to qualify for SSI.
If you are single, you can have only $2,000 worth of resources to be eligible for SSI benefits. If you are married, you can have up to $3,000 worth of resources.
That includes money in the bank or Savings Bonds. And remember, Savings Bonds should be held for 5 years. So I don’t think this is a good idea even with the higher current rates.
