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Ssi questions regarding my child
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<blockquote data-quote="AppleCori" data-source="post: 703796" data-attributes="member: 16024"><p>My daughter receives SSDI, because of her dad's disability (not my current hubby) and they recommended that I put the money in an interest-bearing account, CD, or something that draws interest. </p><p></p><p>Try a credit union. I have one for the SSDI, in both mine and my daughter's name that draws interest on the checking (2 1/4 % I think). That way there is a record of expenditures, and it's easy to fill out the yearly forms.</p><p></p><p> I can't say enough about credit unions. I use them for all my banking. Mine only needs a direct deposit, I get interest, must use the card twelve times per month, even reimburses for any ATM charges from any machine (though I rarely use ATMs). </p><p></p><p>The money can be used for your child's direct expenses, so all clothing, personal needs, activities, even a portion can go toward food and housing/utilities, I believe (though I don't use it for those things). </p><p></p><p>The more you can save of it, the better, to be used for his future needs. </p><p></p><p>Hopefully, someone will come along with direct SSI experience, but I wanted to throw my experience out there, too.</p><p></p><p>Apple</p></blockquote><p></p>
[QUOTE="AppleCori, post: 703796, member: 16024"] My daughter receives SSDI, because of her dad's disability (not my current hubby) and they recommended that I put the money in an interest-bearing account, CD, or something that draws interest. Try a credit union. I have one for the SSDI, in both mine and my daughter's name that draws interest on the checking (2 1/4 % I think). That way there is a record of expenditures, and it's easy to fill out the yearly forms. I can't say enough about credit unions. I use them for all my banking. Mine only needs a direct deposit, I get interest, must use the card twelve times per month, even reimburses for any ATM charges from any machine (though I rarely use ATMs). The money can be used for your child's direct expenses, so all clothing, personal needs, activities, even a portion can go toward food and housing/utilities, I believe (though I don't use it for those things). The more you can save of it, the better, to be used for his future needs. Hopefully, someone will come along with direct SSI experience, but I wanted to throw my experience out there, too. Apple [/QUOTE]
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