I. Own a small house, and have a pooled trust.
Each is a worth a somewhat modest sum.
I want to move out of state.
Will i be able to keep the money from
Selling the house and transfer it in the fund, or will i be penalized for this. I am
65. Have Ssi . Ss. Medicaid . Medicare.
Hi,
Selling your house and moving to another state wouldn't have any effect on your Social Security benefits or Medicare coverage. It could affect the amount of your Medicare premiums, though, depending on how much taxable income the sale produces (https://www.cms.gov/newsroom/fact-sheets/2020-medicare-parts-b-premiums-...).
Supplemental Security Income (SSI) and Medicaid are needs based benefits, though, so those benefits could potentially be adversely affected by the sale of your house and/or a change in your place of residence. How the sale would affect your benefits specifically would depend on a number of different factors, though, so you'll probably want to discuss this with someone from Social Security who has access to your records.
Best, Jerry