Tag Archives: Social Security
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 […]
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 […]
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.
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 […]
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 […]
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 […]
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 a number of common SSDI myths, including these ten: