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I am drawing Social security disability and compensation. If…

Customer Question
I am drawing Social...

I am drawing Social security disability and compensation . If I settle the compensation case will my social security payment go up.

Accountant's Assistant: 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. Please tell me more, so we can help you best.

I draw 1056.00 from social security disability each month. I receive $821.00 compensation from NYS. If I settle for a payoff from the state will my SSD go up.

Accountant's Assistant: Is there anything else the Retirement Accountant should be aware of?

I don't think so.

Submitted: 4 months ago.Category: Social Security
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Answered in 17 hours by:
3/14/2018
Social Security Expert: Lane, JD,CFP, MBA, CRPS replied 4 months ago
Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 14,677
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
Verified

Hi. My name’s Lane.

...

I hold a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA in finance, a BBA, and CFP & CRPS (Chartered Retirement Plans Specialist) designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986.

Bear with me just a moment.

I'm reviewing your question now and typing up my reply.

...

I'll post that in just a few moments. Then, let me know if you have further questions on this.

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