Social security benefits for seniors are an essential safety net for many, but it's also crucial to plan ahead and invest wisely for your retirement. Diversifying your investments across can help build wealth over time. It's never too early to start saving and investing for a comfortable retirement. I’m 63 and my husband 65 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income. 😊
Alright phyllis, speaking in general terms, investing requires a good amount of knowledge. That's why it's essential to have a solid support system like a financial counselor, especially when picking out assets. I've been working with Regina Louise Collaro, who is an investment advisor at a registered wealth management company. I can't recommend her enough; my financial journey has been fantastic thanks to her. She's quite well-known for her services, and she helped me achieve financial stability through investments. Now, I benefit from her passive income strategies every month. So, I'd strongly suggest finding a reliable investment advisor for yourself😊
Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information about her, you can conduct a search online
personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does..😊
Thanks Stephanie.I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me
Thanks Stephanie.I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me
It was soo great to see you recommend Jonathan Ginsberg’s videos here. In my opinion, you, Ginsberg, and Brian from Disability Digest are the top 3 most helpful people on RU-vid for SSDI matters.
I am on SSDI currently we’re on SSDI in 2007. I never received my backpay. Is it too late to pursue it? I got SSDI approval on the first try myself no attorney needed!
@Devon Carroll Can you tell us how the SSDI benefit converts to a retirement benefit when the disabled person reaches retirement age? Does it stay the same? Does it happen at age 62? Is it automatic or does the disabled person have to file?
2 months after u turn 66. SSDI turns to regular Social Security. I was informed that u still get the same amount of money, but u can work as much as u want without being penalized
Great video! How do you know how much money you will get? Is it the same amount for everyone? Is this what you pay into it? I heard they go off the last quarter of your earnings for that year for SSI/SSDI?
I have a question. I retired at 62 due to me not being able to hold out to work. I'm now 64 and applied for help through social services to get on Medicaid. My social worker wants me to file for disability. Will that be less than what I'm receiving now through social security? My fear is that if I sign the papers she sent me to apply for disability that my monthly income will decrease. I see a specialist for some of my chronic diseases but for the main reason why I stopped working I have not been to a doctor, mainly due to cost. I'm a nurse and know what I can and cannot do. Please respond. Thank you in advance.
I've been on SSI all my adult life. I am 30 years old. I finally have enough credits and just gotta proved my average incomes were between Between $9000 $14000 during those 5 years with one year of 17000 will I get more than I was getting on SSI they? Have to at least give you the minimum SSI rate even though you are on SSDII still work part time so I don't know. How that works?
Hello sir, Can you please help me I am in my sixties I have a terminally ill son he is on ssi he was born with heart disease he had his second heart attack in December he is 38 year's old what I like to know can I put him under my social security I desperately need the medical part for him under ssi he gets Medicaid not Medicare I can not get the medicine he needs without paying for some of them some I can not even afford I just need to know if he can be put on mine he does live with me after the heart attack he is now in a wheelchair he can not walk anymore 😔😔😔😔😔😔😔😔😔 Please if you can help 😔
I had been working since I was 18 and it was 1993 when I turned 22. I became disabled at 31 years old, in late 2002. I've been receiving SSDI for over 21 years now with a check at just over $2800. I imagine my disability will continue until I am 67. I heard that you automatically switch over to Social Secuirty from SSDI at 67. I also heard that I'd be getting the same check. But this confuses me, no one talks about the formula which is used at 67 for SSDi recipients. Will it be top 35 years AIME (I only worked 13 years) or will I really continue to get the same $2800 check at 67?
@@42042O Clarification... you can have income from other sources without impacting SSDI benefits except for income from any kind of work unless you are in the work trial program, but that is temporary and results in you either moving off of SSDI and returning to work or having the work trial fail and ending but keeping your SSDI
Been on disability now for some time. When I hit 62 what happens? Can the amount I get go down? It's not very much now so I hope not. When I hit 62 will it switch from SSDI to just SS and like I'm retired?
I'm pretty sure you can stay on ssdi until 67 and I think your benefit stays the same but double check with social security or a lawyer because I'm not 100% sure.
It's not 10 years they go back it's only five, I wasn't able to work a legit job for 5 years prior to being approved if they just went one more year back I'd probably be getting way more than $943 a month try living on that
What happens if you've been on SSDI for a long time and you turn 65 do you lose it and if they turn it to social security will the amount of money I get be lower
You will continue to get the same disability amount, which is higher than your regular retirement amount. But they just won't call it disability, anymore.
If I’m divorced and remarried and disabled. What do i get i was married 18 years and now 15 the second time so far. Do i get anything from my first marriage
You should as long as the marriage lasted at least 10 years. My mother in law got off my father in law after he died and she had been remarried but was married to him for 12 or 13 yrs and divorced from him for 30 years or more I’m not exactly sure how it works if you are disabled but I would think it would at least be similar my mother in law is still working now I think she plans on retiring after this year since she will be 69 in September
Actually you should be automatically enrolled in Medicare within two years of when you started receiving SSDI. It varies depending on your established onset date. You will be receiving notification from Medicare prior to your automatic enrollment.
And make sure you make your Part B and Part D choices when you sign up fot Medicare or you will be penalized when you do sign up for them. This is true for both SS and SSDI
I'm 59, 59-22=37. 37-7 (5 goes into 37 7 times) = 30. So if I'm not mistaken, my SSDI computation number is 30. What do I do with this number now? I'm trying to get a ball park figure of a monthly benefit amount. I'm not familiar with the formula.
The thing about calculating how much you're going to get the biggest issue is you need to plan 5 to 10 years ahead because really it don't matter it's going to take you 5 to 10 years you're going to live in the street eat out of trash cans for 5 to 10 years before you even get close to collecting any money and you should know that right up front 5 to 10 years you have to predict 10 years in the future of whether you're going to be disabled or not so go ahead and file now it don't matter if you're 14 file now because in 10 years you don't know where in the hell you're going to be
No you get one or the other but not both however, if you receive disability benefits it converts over to retirement benefits once you reach retirement age
If you mean Social Security retirement benefits, then no, and Samantha is correct. Any other benefits outside the social security system, like a pension (remember those?), then those are irrelevant and I believe you can receive those without affecting SSDI.
Oh boy. THIS I have never heard. I don't recall my attorney asking me about yrs off for child care. But I'm not sure if there was a full year...other than piecemeal. I think mine was pretty much right tho. It was done on 30yrs minus whatever you said haha. What I need to know is what happens when I turn 62? I'm pushing 61 now. Can you help me understand and prepare? Thank you very much for all your help Devin. Have a safe lovely day sir!🙏🌄🙋🏼♀️ Or you know do a follow-up to this vid?😏
If I am receiving disability benefits, and I reach my retirement age will my disability benefit stop once I file for retirement benefits or will I still receive both benefits
what i would like to know is how they only count your LAST 10 yrs..of imput to calculate your check...but all the border jumping foriegners get the FULL MONTY!!!
