Tag Archives: DisabilityBenefits

What Do Retirement Advisors Need to Know About Disability Benefits?

Do you have a retirement advisor? If not, you might need to consider getting one. Having such a financial advisor could prove useful to you down the line, but there’s something you need to know about them. When it comes to counselling people with disabilities, advisors of this sort may be a bit out of their depth. Can Retirement Advisors Help When It Comes to Disability Benefits? A retirement advisor was trying to help his client apply for Medicare at the age of 65 when he made a startling discovery. His client should have been on Social Security Disability Insurance for years before this application. That’s because the client had experienced a severe car crash that left him paralyzed over most of his body. Neither the advisor, the person who was paralyzed, nor that victim’s family thought about applying for benefits until it was practically too late. Now, there’s a…
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Could I Be Forced to Pay Taxes on My Disability Benefits?

It can often take a long time to get approval for Social Security disability insurance benefits. If your initial application is denied, you could wind up on a waitlist for an average of 600 days. If you manage to get approval after that, then you may be due back pay on the benefits you should have received during the application process. However, it might surprise you to learn that this sum could be taxable, and planning appropriately is essential. Will I Have to Pay Taxes on My Disability Benefits? Just like Social Security retirement benefits, disability benefits are taxable depending on your yearly income, your marital status, and other factors. That means your SSDI back-payment could be taxable, depending on how much you made while waiting for approval. For many, this isn’t a problem because they made little while waiting for benefits. However, some individuals who rely on private pay…
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Do Disability Simulations Give People an Improper Understanding of Persons with Disabilities?

Recently, ScienceDaily, a website that covers news regarding scientific research studies, reported on new research on the impact disability simulations have on how people relate to persons with disabilities. Disability simulations are role-playing exercises where people without disabilities experience what it is like to live with a disability. An example would be a person with sight wearing a blindfold to simulate blindness while completing a set of tasks. How Are Disability Simulations Impacting the Way People Relate to Persons with Disabilities? Unfortunately, per the results of the research, disability simulations may be doing more harm than good. According to the ScienceDaily article, following disability simulations people are often left with negative feelings regarding persons with disabilities, including: Fear Pity Apprehension Reportedly, the researchers behind the study believe that the reason for the negative feelings could be a simple one. They think that since the study participants only step into the…
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