Guest guest Posted August 24, 2009 Report Share Posted August 24, 2009 Tamara, Once you are considered disabled, you can take your 401K money out without paying any penalties. You still have to pay taxes on it, but you don't have to pay the 10% penalty. Income doesn't matter with SSDI. Since you are in TX, check out the unemployment benefits in TX. If you doctor writes a note indicating that you can no longer do waitressing, you can quit and get unemployment while you try to get a more suitable job. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted August 24, 2009 Report Share Posted August 24, 2009 Geri, No there isn't. My brother lives with him and they live on my dad's SS. It's a mess! Tamara > > Tamara, > > Is there a program in your state that pays you to take care of your dad?rather than a rest home? Call a social worker or senior linkage line, senior center, can you move in with your dad and become his care giver? There is a program here that pays relatives for caring for relatives. > > Geri > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted August 24, 2009 Report Share Posted August 24, 2009 If you have to resort to your 401(k) there are many instances you can use the money without penalty. I think one is illness/disabilityTalk to a financial expert where your 401 is help. SSI would count it as an asset (more than $2000 and you are not eligible) SSDI will not consider it. > > Hi Geri! > > Nobody that can help me or that I can move in with! I am divorced. My kids can't help and I don't have a boyfriend. I just work and live in pain and also trying to help care for my sick father.I live in Fort Worth,TX. I have friends but nobody has offered help. They just don't get it. The pain I go through. I got on anti-depressants and have helped some. I have money in a 401 but if I take it out I have to loose about a third of it and I have already lost alot of it. I could possibly live for about 9 months if I had to take it out and pay taxes, penalties,etc. But would they consider that income. The SS people? > > Tamara > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted August 24, 2009 Report Share Posted August 24, 2009 Some states requite that your employer cover you wit state disability insurance. check if you have that first. Then talk to your doctors and see if the will support you on a state or SS disability case. Without their support, a case wull be difficult. SSDI doesn't start until the 6th month after you had to stop work. You can apply earlier, but even if they find you diabled they will not pay until the 6th month. About 40% of SSDI claims get approved on first application withing 90 days. The other 50% have to go through a hearing process that could take years. The disability criteria is that you must be unabke to perform any substantial gainful work because of your disabiliy and that is expected to last at least 1 year. They can say you can do other jobs, but that has to be based on your past education, work experience and age. They can't expect you, for instance, to become an accountant if you have had no training or experience. They figure it's less likely that a person over 50 can make a transition to a different career, so will not purse that hard unless it's something you recently had experience with. Sheck the SS bluebook: http://www.ssa.gov/disability/professionals/bluebook/11.00-Neurological-Adult.ht\ m this explains teh medical criteria for neurological diseases. Fitting the criteria is only one parrt. You still cannot be able to perform SGA (any work earning more than $940 a month) > > I still work as a waitress but I live in pain from CMT,knee problems,back problems. I want to leave but then I won't have money to live on. Can I get unemployment if I have to leave because of medical reasons. I have been there 13 years and have worked my whole life. I am 51 and have never needed help until now. So I don't knwo what else to do to support myself. I live on pain meds and think it will be hard to find another job. How do I get SSDI? I have heard that you can't work for a year and have no money. How does someone live that year. I am alone with no help. PLEASE DOES ANYONE HAVE THE ANSWER??? > > Tamara > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted August 26, 2009 Report Share Posted August 26, 2009 I want to clarify the SSDI and SSI assett issue. SSDI (Social Security Disability Insurance) is for employess/workers who are have been disabled by illness/medical condition that * does not allow them to work again.* Assetts (stocks, bonds, 401's, savings, etc) are * not * an issue when applying for SSDI benefits. Read all about it at http://www.socialsecurity.gov/pgm/links_disability.htm SSI (Suplementary Security Income) is for disabled children and disabled adults with * NO ASSETTS * - AND low/no income. Read all about it at http://www.socialsecurity.gov/pgm/links_ssi.htm Quote Link to comment Share on other sites More sharing options...
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