How Social Security Disability Insurance Works

Most people think of Social Security as a retirement benefit, and that’s understandable. Among the 61 million Americans receiving Social Security at the end of 2016, 68%–44.3 million people–were retired. But Social Security’s broad aim is to protect against the risk of lost income from work. The income loss might be due to retirement, disability, […]

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Retirement planning for special needs families

The financial planning challenges for parents of special needs children are myriad and complex–and retirement planning presents one of the toughest challenges. The core challenge is balancing the financial needs of retirement with long-term needs of a child with a disability–needs that usually outlive the parents. “If we aren’t asking the right questions, we’re going […]

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Why White House disability insurance fix makes sense

Advocates for disabled Americans got some welcome news today in the White House budget for 2016: The plan asks Congress to keep the 11 million disabled Americans now receiving Social Security disability insurance out of a looming brawl over broader Social Security reform (for more, see my column today at Reuters Money). The budget plan […]

Disability is the other Social Security fight we need to have now

The year 2035 is far off in the future – and that’s one reason Congress has kicked the can down the road so many times when it comes to Social Security reform. The program’s retirement trust fund is projected to be depleted that year, requiring sharp cuts in benefits if nothing is done. Closing the […]