Posts Tagged ‘Social Security’
If Your Child Is Disabled, Social Security Benefits Will Help
It’s taxing enough being a full-time working parent with young kids but imagine having to raise a disabled child. Thankfully, there are a slew of government programs that relieve the financial strains when it comes to raising a child with special needs. Social Security provides two types of disability coverage: Supplemental Security Income (SSI) and Social Security Disability…
Read MoreHiring an SSDI Lawyer: What You Should Know
Applying for benefits from the Social Security Disability Insurance (SSDI) program can be a long and frustrating process. It isn’t unheard of for applicants to wait several months before getting a response from the Social Security Administration. This is where an SSDI attorney can help but choosing the right one is important. Having an experienced…
Read More2017 Social Security Changes You Need to Know!
A few years before the first Baby Boomers were born, the Social Security Administration was one of several governmental programs designed to assist the population. For decades, these funds have benefited retirees and disabled folks, with 60 percent of seniors relying on the SSA for half or more of their income. Annually, the SSA, like…
Read MoreSeniors May Be Seeing Insufficient Increases in Social Security Benefits
Social Security is essential income for many senior citizens. As part of the program, cost-of-living adjustments (COLAs) are made on an annual basis. Each year, the COLA for Social Security benefits is calculated using the Consumer Price Index (CPI). However, some recipients feel that the CPI doesn’t accurately reflect the cost-of-living increases they deal with every year.…
Read MoreDisability Benefits: Do I Need to File My Taxes?
Dealing with the various taxing regulations can be challenging under any circumstance but even more so when receiving disability benefits. Even the best answer to the question of “Do I need to file my taxes?” is a resounding “maybe!” For those who are getting disability benefits, the question becomes even more convoluted as regulations in…
Read MoreDisability Claims in America: Mapping the Growth
The Social Security Disability Insurance Trust Fund was developed for people who are injured or sick, and who can no longer earn an amount in excess of $1,130 per month. During 1990 less than 2.5 percent of Americans above the age to work were collecting from this pool. During 2015, that number rose to 5.2 percent. This…
Read More10 Social Security Disability Insurance Myths Debunked
Social security disability insurance (SSDI) is a readily available program that offers ongoing financial help for those suffering from long-term disabilities. Unfortunately, not nearly as many people take advantage of the assistance this program can provide due to belief in several common SSDI myths, including these ten: Myth #1: Denial is almost certain. The two grains…
Read MoreHow to Qualify For Social Security Disability In California
Unlike most states, California has a short-term paid disability program. It works by taking an amount of your paycheck every week and if you get hurt your employee contributions will pay a portion of your usual wages. If you meet the requirements, you’ll receive Short-Term Disability. Make sure you fill out the necessary documents and…
Read More2017 Brings A 0.3% Increase For Social Security Benefits
With days left to the National Elections, the topic of Social Security has entered further into the national consciousness. This was further enhanced by the recent announcement of a 0.3 percent increase for those receiving Social Security Benefits. This planned increase does not take place until 2017 but estimates of its impact on recipients are already…
Read MoreWhere Should You Get Your Retirement Income?
One of the simplest investment truths is to not put all your eggs in one basket. Diversity is the key to having a financially successful retirement. There’s always a certain degree of risk you are taking when investing, so make sure you invest your retirement funds in multiple areas. Here are the optimal investment options…
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