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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

Does Investment Income Affect a Disability Annuity?

(Posted March 17, 2012)

Question 861: Can I re-classify my IRA as a Limited Liability Company (LLC) for a special investment vehicle? I have read that one cannot be an officer of a corporation while collecting an RRB disability.

Answer: Income from investments such as a 401(k) is considered "passive" so it usually will not affect a Railroad Retirement Disability Annuity.

Converting an investment to an LLC should not affect your disability payments.

But you should verify this with the Railroad Retirement Board. Their toll-free number is (877) 772-5772.


Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


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