Ask Larry

Disability Benefits

If My Wife Applies For SSDI Now Will It Reduce Later SS Benefits For Her Or Me?

I am 67, retired, and planning to start SS retirement benefits (substantial) when I turn 70 in January 2025 (per your book and MaxiFi). My wife is 63 and will qualify for her own small SS retirement benefits plus spousal benefits. BUT: she was just diagnosed with ALS. I believe that she can apply now for SSDI benefits, which may be automatic, and that she can then get Medicare, which will help enormously. My question: if she does this (apply for SSDI now), will that goof up or reduce later SS benefits for her or for me?

Posted: 
Thursday, November 24, 2022 - 12:38

Can I Keep My Disability And Medicare Benefits If I Need To Sell My Home?

Im 61 and on disability fighting cancer. I'm also on Medicare for my medical benefits . If I need to sell my home to make ends meet, can I keep my disability/medicare benefits ? Or will capital gains wipe that out?

Hi. I'm sorry to hear about your illness. Selling your home would have no adverse effect on your Medicare eligibility, nor would it affect your Social Security disability (SSDI) benefit eligibility or benefit rate. So, yes, you could keep those benefits even if you have to sell your home.

Best, Jerry

Posted: 
Wednesday, November 23, 2022 - 12:14

How Does The Social Security Administration Evaluate Earnings Paid Vs. Earned?

I'm curious about how SSA evaluates earning paid vs earned. I am paid biweekly, so a lot of pay periods fall over two months. Also, I never work a set schedule, so sometimes some months and weeks have more than others. There's really no way of knowing short of a daily breakdown when wages were earned, which I don't have. The paychecks contain the period covered, but again, it often spans two months. How is that handled? Thank you!

Posted: 
Thursday, October 27, 2022 - 18:08

If My Workers Compensation Settlement Is For My Lifetime Will My SSDI Benefits Be Affected?

I am going to receive a $44,000 scheduled loss lump sum payment from workmen's comp for bilateral hearing loss. I never received any other workmen's comp benefits. i was told because it was a scheduled award that my SSDI would not be affected, I am waiting to get my settlement contract. if my settlement contract language says the settlement award is for my life time will my SSDI benefits be affected?

Posted: 
Monday, October 24, 2022 - 15:26

How Do I Know If I Have SSI OR SSDI?

How do I know if I have SSI or SSDI and If I invest some of my SSI payments in stocks; will I have to pay it back to the Social Security Administration?

Hi. Supplemental Security Income (SSI) is a needs based benefit that's administered by Social Security. However, the SSI program is funded by general tax revenues, not Social Security taxes. In order to qualify for SSI benefits, a person must be either blind, disabled, or at least age 65, and they must have little or no other income or assets.

Posted: 
Monday, October 17, 2022 - 17:14

Now That I Have Some Money In The Bank Will I Lose My Disability?

I am on Disability, I sold my house to move closer to my family in another state after the passing of my husband.
My question is now that I have some money in the bank will I loose my Disability

Hi. The answer depends in part on what type of disability benefits you receive. If you receive Social Security disability (SSDI) benefits based on your past earnings, then selling a home won't affect your benefits no matter how much money you have in the bank.

Posted: 
Thursday, October 6, 2022 - 08:18

What Date Is Used To Determine Whether Or Not I'm Eligible To Withdraw My Application For SSDI Benefits?

Hi Larry,

I am on SSDI and wish to file a SSA-521 Request for Withdrawal of Application to stop benefits (and go back to work). I understand I will have to repay all benefits received to date to get this approved. I am very confused as to which date Social Security uses for starting the 12 month clock for approving an SSA-521. My original application for SSDI was received by Social Security in August 2021. My first benefit payment was issued in Nov. 2021. I am not sure of my date of entitlement, as it is confusing to determine what Social Security means by that.

Posted: 
Tuesday, October 4, 2022 - 13:23
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.