February 16, 2013
Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that we now feature "Ask Larry" every week.
Dear Larry,
You told me recently about the nuances of disability benefits. A lot of questions on this page come from people on SSDI -- Social Security Disability Insurance. Furthermore, as I was amazed to discover when responding to a question about the minimum wage reducing the welfare rolls, some 14 million Americans depend on disability payments from SS, which dwarfs the 4.3 million getting welfare checks.
Would you please share your discoveries about details of disability benefits that may escape notice?
Larry Kotlikoff: Paul, Social Security has a separate set of equally Byzantine provisions governing disabled workers as it does non-disabled workers.
I want to point out a couple of features of Social Security's treatment of disabled workers once they reach age 62. I'm answering your question in order to assist those who have a hard enough time as it is. (Full disclosure: I've been helped enormously on this column by Jerry Lutz, a former technical expert on Social Security.)
Let me illustrate the options available only to the disabled by considering a disabled worker I'll call "Joe," about to turn 62.
Continue at:
http://www.pbs.org/newshour/businessdesk/2013/02/how-the-disabled-can-maximize.html
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