ssi and able accounts part 2
this is scary because i found out able is some kind of bank for social security
able is a savings account that provides up to 5% interest on investments and savings, and sometimes bonds, and i found out you can have an able savings card, which is a credit card type thing
meaning, you can completely sidestep a bank completely, and social security - builds interest on your ssi, and work, and provides additionial credit boosts, and some extra money, and ability to invest in stocks and bonds
so heres what you can do, lets say you get 700$ in ssi, and youre not a drug addict, your employed or in a safe place, and youre responsible, especially in terms of finance, investing, stocks, bonds, etc, you can transfer your ssa money directly into ssa and it’ll accrue intersest, and you can actually use that money, in a card to purchase goods, and i believe theres some kind of program for stuff you need for research, school, goods, work, etc
the reason im shocked is thats mother fucking genius, fucking, didnt know ssi was stocked full of finance gurus, i thought they were, well, federal agents, and yeah united states secret service does infact have a finance department, yeah, they investigate financial stuff, but man is that a good deal
unidef
remember, this is a risky deal, you can lose money in your savings account if you dont invest well. i believe fdic investments are the safest, but thats jut a guess.. time to call around lol