Will rolling over $20k from Traditional IRA to Roth IRA reduce my SSDI benefits?

I've been down this road before. Here's what you need to know: • SSDI itself isn't affected by unearned income like IRA distributions • BUT, your benefits might be taxed if your total income exceeds certain thresholds • For 2023, if you're single and your income is over $25,000, up to 50% of your benefits may be taxable • If your income exceeds $34,000, up to 85% may be taxable • For couples filing jointly, the thresholds are $32,000 and $44,000 So, while your SSDI won't be reduced, you might end up owing more in taxes. Definitely talk to a tax pro before making any moves.

I found a way to actually get someone on the phone at SSA. I used this site's (claimyr.com) calling tool that dials the phone menu, stays on hold, waits for a live agent to pick up, then sends the call to my phone. It does cost $20, but it works. Here's the link: https://www.claimyr.com

OP, have you considered just leaving your money where it is? Sometimes its better to leave well enough alone, ya know?

I'm in the same boat as you, OP. The whole system is so confusing. I've been trying to figure out how to maximize my retirement savings without screwing up my benefits. It's like trying to solve a Rubik's cube blindfolded. 🤯

Whatever you do, make sure you keep detailed records of everything. The SSA can be a real pain if they think you've messed up, even if it's their fault. Trust me, I learned the hard way. 😓

Has anyone tried using one of those ABLE accounts? I heard they don't count against SSDI limits, but idk if that helps with IRA rollovers.

yall are overthinking this. just do the rollover and deal with the consequences later. YOLO 😎

Have you thought about talking to a financial advisor who specializes in disability benefits? They might be able to give you a more personalized strategy.

I've heard rumors that the SSA is planning to change some rules about retirement accounts and SSDI. Might be worth waiting to see if anything changes before making a move.