Investopedia

Continue to Site »

Substantial Gainful Activity - SGA

Filed Under »
Dictionary Says

Definition of 'Substantial Gainful Activity - SGA'

The threshold prescribed by the Social Security Administration (SSA) for determining eligibility for Social Security benefits. Substantial gainful activity (SGA) is a specified dollar amount. It is updated each year to reflect inflation, and it represents the minimum level of employability which will render a person productive and, therefore, ineligible for Social Security benefits. The SSA employs higher threshold levels of SGA for persons with specific disabilities, such as blindness.
Investopedia Says

Investopedia explains 'Substantial Gainful Activity - SGA'

For the year 2006, the SSA has set the SGA amount for individuals at $860 per month. This means that any individual who is able to engage in employment earning more than $860 per month will be ineligible for benefits. For blind persons, a higher SGA amount of $1,450 was set for 2006.

Once the SSA approves disability benefits for a given citizen, it allows that person to continue to receive benefits for a brief period even if he or she is successfully able to re-enter the workforce and earn more than the SGA amount each month. This is intended to provide an incentive for disabled people to seek gainful employment and re-enter the workforce in a different capacity for the long term.

Articles Of Interest

  1.

    Building An Emergency Fund

    Do you have enough savings to cover the costs of unforeseen crises? We show you how to plan ahead.

  2. Choosing The Best Disability Insurance

    Social Security benefits can be hard to collect. Find out why you need disability insurance to protect your income, and learn how to choose the right policy for you.

  3. Enough Money To Not Worry

    Our retirement goals have not changed. We still want enough money to not have to worry about it. How we go about getting there, however, has been changed dramatically.

  4. Retirement: The One Thing Couples Shouldn't Do Together

    Staggering retirement can have both financial and emotional benefits for married couples.

  5. 5 Ways To Stretch Your Retirement Budget

    Living comfortably can be easy if you follow a simple plan.

  6. Immediate Annuities: More Income and Lower Taxes

    These instruments may shed their bad rap to bring you a hefty tax break.

  7. The Benefits Of Retiring Later

    Not only does retiring later give you more time to build your retirement nest eggs, but it may also keep you healthy.

  8. 7 Counterintuitive Retirement Strategies That Work

    We address seven investment misconceptions, and how you can make your retirement plan make sense.

  9. Retirement Saving Tips For 65-Year-Olds And Over

    Find out how to save smarter after 65.

  10. 5 Safety Net Services Available To Americans

    Here's a look at the different services available, the numbers of people they serve and how much money is used to support them.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  2. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  3. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  4. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  5. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  6. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
Trading Center
Array ( )
taggroups(for debug only):
Array ( [0] => Retirement [1] => Health And Home [2] => SEG (Head Of Households) ) time:15ms