can you use 401k for income requirement ?

[karvee2005 0]

I actually have two questions,

1. Can you use 401k to supplement income reqiurement ? If so, how much would it count for ?

2. Can you use Social Security disabilty benefits to supplement as well ?

Thanks

[zyggy 9]

I actually have two questions,

1. Can you use 401k to supplement income reqiurement ? If so, how much would it count for ?

2. Can you use Social Security disabilty benefits to supplement as well ?

Thanks

1) No, but you may be able to use it as an asset. THe general guideline is 5 x the required income requirements... but the CO's have large discretion in determining what is suitable means of support.

2) I don't see why not.. it is income...

Edited March 2, 2006 by zyggy

[karvee2005 0]

I actually have two questions,

1. Can you use 401k to supplement income reqiurement ? If so, how much would it count for ?

2. Can you use Social Security disabilty benefits to supplement as well ?

Thanks

1) No, but you may be able to use it as an asset. THe general guideline is 5 x the required income requirements... but the CO's have large discretion in determining what is suitable means of support.

2) I don't see why not.. it is income...

Ok thanks for your reply