SSDI
Must I Pay Income Tax on Social Security Disability Benefits?
As with most Social Security questions, the answer is “it depends.” Social Security has an earnings test which affects anyone who is collecting Social Security benefits before they have reached their full retirement age, and that includes those collecting Social…
SOAR Programs and Social Security
(Source – blog.ssa.gov) National Network for Youth (NN4Y) is dedicated to transforming systems so that no young person in America experiences homelessness. In the United States, roughly 4.2 million young people— one in 10 young adults ages 18 to 25…
New Limits for ABLE Accounts Now in Effect
Amid the slew of changes for 2024, the IRS announced new limits on the amount of savings available to holders of Achieving a Better Life Experience (ABLE) accounts. ABLA accounts allow states to create tax-advantaged savings programs for eligible people…
Ask Rusty – Can Someone Work While Collecting Social Security Disability?
Dear Rusty: If a person is collecting Social Security disability benefits, can they, at any point, work at all? If they can, what is the maximum they can earn and still keep the disability benefit? I am asking because my…
Social Security Benefits Can be Reduced in Several Ways…It’s Important to Know the Rules!
Once the decision to file for Social Security benefits has been made, most folks weave the amount of their monthly payment into their financial picture and sit back for the long haul. That’s fine, but you need to understand that…
The Timing of Initial Disability Benefits Explained
Once approved, initial claims for Social Security Disability Insurance (SSDI) benefits still have a time period to wait through until monthly payments begin to flow. As explained in a post on en.as.com by researcher Maite Knorr-Evans, this five-month delay is…
Origin of “Ticket to Work” Program Celebrates 50 Years of Progress
Social Security’s Ticket to Work (Ticket) Program, the portion of the Rehabilitation Act of 1973, “supports career development for people ages 18 through 64 who receive Social Security disability benefits (SSDI/SSI) and want to work.” As the Social Security Administration celebrates 50…
Ask Rusty – Social Security Disability vs. Spouse Benefits vs. Survivor Benefits (and COLA)
Dear Rusty: I retired from working in June but will not sign up for Social Security until age 70 and, to do that, I plan to draw from my IRA for the next 3 years. My wife is receiving Social…
More than 1 million are waiting for their Social Security Disability determination
During last week’s House Ways and Means Social Security subcommittee meeting, it revealed that more than 1 million individuals are waiting for Social Security to process their initial disability claim. Rep. Drew Ferguson, R-GA., chair of the House Ways and…
Ask Rusty – How Do Disability Programs Affect Social Security’s Budget?
Dear Rusty: I read with interest an analysis of the history, reasons, and financial costs of the SSI (Supplemental Security Income) and SSDI (Social Security Disability Insurance) programs. My question is, specifically, what portion of the Social Security budget goes…