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Diane and Chris

Savings as income requirement

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My fiancé and I are waiting for his K1 approval. We are both retired. How much money do we need in savings and investments to prove income eligible?

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Filed: AOS (pnd) Country: Mexico
Timeline

Do you get any kind of income?

 

If no income at all, it will be 5 times the 125% poverty line.

 

If some income, the difference of income and poverty line times 5.

AOS from h2a visa, marriage based.

 

Filed I 130, I 485, I 131 and I 765 concurrently,

 

5/11/2018 Priority date; sent to Missouri, MSCxxxxxxxxx

6/15/2018 Biometrics appointment, Houston TX

7/11/2018 RFE for Birth Certificate

7/23/2018 Sent BC in response to RFE

7/31/2018 Confirmation of receipt of the BC

8/3/2018 received courtesy letter for medical 

8/6/2018 Case is ready to be scheduled for interview

9/19/2018 EAD/AP approved

9/20/2018 EAD/AP card in production 

9/24/2018 EAD/AP card is ready to be mailed

9/25/2018 EAD/AP card is mailed, usps tracking included in online update

9/27/2018 EAD/AP card picked up at post office

 

I-130 for 2 husband's daughters (my step daughters) 10 and 17

5/11/2018 Priority Date; sent to Nebraska Service Center, LINxxxxxxxxx


Waiting game for ALL cases!

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Filed: K-1 Visa Country: United Kingdom
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Yep, Blue_angel is correct. 

 

If you have an income from retirement you do not require as much in your savings but if you have no income at all and there is only you and your fiance (no dependants) you are looking at needing over $100,000 in savings. 

 

If you have an income then you take that from the poverty guide line amount and work out what your shortfall is. The amount required in savings must be 5 x that of your short fall :) so if you were getting $18000 say for arguments sake your short fall is $2,025. You would need to have just over $10,000 in savings.

 

I am not sure if the poverty guidelines have changed so excuse me if those numbers are slightly different now, I am just going on what is was at the time we filed.

 

Best of luck :thumbs: 

 

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Thank you so much for this information.  We have an attorney, but, he never returns calls. We should have done this K1 ourselves and saved $2000.  

Edited by Diane and Chris
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Filed: K-1 Visa Country: United Kingdom
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Yes, I agree with that too. Don't bother with lawyers unless you have really complicated case. You basically have to do everything yourself anyway 

 

I'm sorry that your calls have been ignored and you have no been supported by them :( 

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