Ask Larry

Disability Benefits

What Will Happen When I Turn 62?

Hello Larry!
I am a 100 % disabled vet, drawing full disability.
Also a retired postal employee drawing FERs retirement along with the FERs supplement. I retired at 56 having reached my minimum retirement age. PROBABLY should have been medical retirement from post office but was not.
I understand that my Supplement or "Gap" payment will stop at 62. What will happen then?
Will my FERs annuity convert to SSA?
Does any of this have any impact on my SSDI monthly award also?
Awaiting your reply.
Thank you in advance.

Posted: 
Friday, April 23, 2021 - 10:20

If An SSDI Recipient Has Rental Properties, Will Transferring Them To An LLC Convert The Rental Income To Earned Income?

If someone who receives SSDI has rental properties transfers them to individual LLCs for better liability protection, will the rental income from the properties, now paid to the LLC, and then transferred to the SSDI recipient as the owner of the LLC, somehow convert from being passive income to earned income for the SSDI recipient?

Posted: 
Friday, April 16, 2021 - 12:25

What Will Happen To My SSDI If I Get A Settlement From My Former Employer?

Hi Jerry,

Quick question. I will use easy numbers/dates for sample.

Let’s say I am terminated on 4/15/18 and I earned $50,000 per year. I
received SSDI as of 4/16/18 to present.

Now three years after receiving SSDI, my employers consider a settlement. I
request three years back pay (until 4/15/21) and two years front pay (until
4/15/23) for a total of five years for $250,000.

Posted: 
Wednesday, April 14, 2021 - 09:37

Are There Strategies To Consider Regarding The Conversion Of Disability Benefits To Retirement Benefits?

Correct me if I'm wrong, but I believe your software is for SSA retirement benefits and does not deal with SSA disability benefits. I'm trying to find someone who can explain the process of converting from disability to retirement benefits. All the SSA says is this happens automatically at FRA. But, prior to becoming disabled, I was planning to wait until age 70 to claim retirement as, among other things, my wife is 8 years younger then me.

Posted: 
Monday, April 12, 2021 - 10:38
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