If I receive an inheritance from my parents will this affect
If I receive an inheritance from my parents will this affect my SSDI?JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.Customer: Each of my parents is expecting to leave me and my siblings a large amount of money when they die. Will this affect my SSDI?JA: Is there anything else important you think the Retirement Accountant should know?Customer: Not millions but maybe $50,000 each for a total of $100,000 but I do not know for sure.
Vocational, Technical or Trade School
I am 64 years old and have been a Type 1 insulin dependent
I am 64 years old and have been a Type 1 insulin dependent diabetic for 51 years (since age 13). My job is very stressful and I was thinking of applying for Social Security Disability now. Can I also get Medicare before I turn 65 in April 27, 2017?JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else important you think the Retirement Accountant should know?Customer: How much is taken out of Social Security every month? Are you allowed to work if you are on Social Security Disability?
JD, MBA, CFP, CRPS
STORY: I am currently receiving SSDI, based on my own work
HISTORY:I am currently receiving SSDI, based on my own work history/credits.I became 100% disabled at the age of 39, due to a medical illness contracted while on assignment in Asia. Upon return to the States, my income was sufficient enough to provide me with roughly $2200.00 monthly in SSDIbenefits, less Medicare part A& B premiums.Due to my medical assessment, I was diagnosed under 12.02 due to cognitive loss from viral meningitis, inclusive of severe depression. I have a Masters Degree in International Business, and have severe difficulty on recall and short term memory functions, making my ability to perform in my prior occupation of an International Consultant impossible. My ability to transfer skill sets to another job, or retrain due to my cognitive loss, is also impossible.At the time of my diagnosis, and treatment, the SSDI appointed Doctor, recommended that I have a Representative Payee,( who is my significant other.) We never contested this issue, however there is a concern there, as My significant other is 23 years my senior.CONCERN:I have the SSA form to remove a Representative payee, and have an upcoming appointment with my doctor. I have been utilizing an excel spreadsheet to assist in tracking monthly bills, to assure financial responsibility, as well as the timely monthly payment of bills.QUESTION:While the SSA Form stipulates it will not affect payment of benefits, and there is much discussion on the web of IF removal of a Representative Payee will spark a revisit of my medical history, What is the Official "unspoken " process that occurs in an adult who requests the removal of a rep payee?Also, as my medical , cognitive condition has not, nor is expected to get better I am on the 7 year revisit plan with SSA, which just occurred in Jan of 2016. Will this have any impact, ?. Neither my spouse nor i really want to spark an ugly issue or risk the loss of benefits due to this, but we are also trying to protect my future and freedoms of choice, as there are no other rep payees we could appoint in the event of my spouses death, as he is over 70 at this point with medical conditions himself, (no family nor children)Please advise
JD, MBA, CFP, CRPS