A retired co-sponsor

[CommittedBirds 0]

Our co-sponsor got retired last year but his annual household income of 2012, 2011 & 2010 is very good ($90,000.00) , currently his income is from his retirement and social security.

- What's the most important thing for the consulate: the annual income from the last 3 years or the current income?

- On the I-864 form, Part 7 "Use of assets to supplement income. (Optional). If your income, or the total income for you and your household, from line 24c exceeds the Federal Poverty Guidelines for your household size, YOU ARE NOT REQUIRED to complete this Part. Skip to Part 8."

- Do you think it doesn't hurt to fill out part 7 by the co-sponsor, as his current income may or may not be sufficient? does his need to provide proofs of his assets only or attach other proofs that show the ease of converting the assets into cash?

Please help, thank you

[pushbrk 12,824]

The current income is most important in that if that isn't enough, nothing else from the past will matter.

[CommittedBirds 0]

The current income is most important in that if that isn't enough, nothing else from the past will matter.

Thanks, i see, but why do they care about the annual income of the last 3 years since all that matters is the current income? if he made over $90,000.00 each year the last 3 years which is way above %125 of the poverty line but now he makes only $1,000.00 / month, and vice versa, if someone has made under %125 of the poverty level the last three years but currently they're making a monthly income that by the end of 2013 will have been above 125% of the poverty level, how do you explain that?

I got denied last year because my wife didn't make enough in 2011,2010,2009, i explained to the CO that if my wife continues making the same monthly income ( entire 2012) then, by the end of 2012 she will have made enough to be above the poverty level, but the CO said that they care about the last 3 years not the current year. In addition, this is confusing: they can't judge the sponsor/co-sponsor based on the current income that is stable whether from employment or retirement , because the sponsor/co-sponsor is able to increase their income by taking another job or doing other activities so by the end of the current year they will have made enough, plz explain to me if you can, thanks.

Edited July 26, 2013 by CommittedBirds

[pushbrk 12,824]

For example. If you make 90,000 a year for ten past years and 40,000 already this year, then lose your job a month before filing the affidavit, you don't qualify because you have no income. If you made too little the past three years and just got a job a couple months ago, it's a judgement call where the totality of circumstances are considered. Manila tends to put more importance on the past than some other IV units.

I did not answer your question "in general". I answered it in the context in which it was asked, that of somebody with good past income but now retired. If the current income isn't enough the past will not save you. If the current income is NOT enough, the past could hurt you because it's a judgment call. Make sense now?