How Social Security Disability is Calculated

Рет қаралды 50,798

Күн бұрын

In this video I’m going to tell you how a Social Security disability benefit is calculated. When we're finished here, you won’t have to just take the word of the Social Security Administration, you’ll know how to do the calculation for yourself so you can double-check their numbers and be certain that your estimate is correct. And this video isn’t just for those who are disabled either. I think that anyone’s plan for retirement should always include a piece for the unexpected “what ifs” of life. So this video is really for anyone who is planning for retirement and wants to understand how a disability benefit is calculated so you can plan your future, whatever it may hold.
Resources related to this video:
My course www.devincarroll.com/enroll
My Video: You Can’t Trust Your Social Security Statement • You Can't Trust Your S...
My Video: How Social Security Retirement Benefits Are Calculated [3 Easy Steps]
• How Social Security Re...
SSA Page on SSDI dropout years secure.ssa.gov/poms.nsf/lnx/0...
Jonathan Ginsberg: Social Security Disability Videos / ginsbergssd
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➡️ Want to hire Devin and his team? -- www.carrolladvisory.com
Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn:
✔The Most Important Factors to Consider BEFORE You File for Benefits
✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy
✔Why This Is The Biggest Decision of Your Retirement
Access the workshop today at this link
www.devincarroll.com/SSessent...
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➡️ Social Security Questions? Join my FREE Facebook Group! / 428684237572614
📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media Properties) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.
⭐⚠️⭐Please read this⭐⚠️⭐
⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
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Пікірлер: 135

@stephaniefythm 10 ай бұрын

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. 😊

@stephaniefythm 10 ай бұрын

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😊

@stephaniefythm 10 ай бұрын

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

@ugojazzy7812 10 ай бұрын

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..😊

@Alexedmartin. 10 ай бұрын

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

@Alexedmartin. 10 ай бұрын

@visaghanbhaskaran1527 2 ай бұрын

Thank you for sharing the information.

@deedeepartlow1318 2 ай бұрын

I watch all of MrGinsbergs videos. Very informative.

@cynthiakneisler4003 2 жыл бұрын

Hello, my son is on ssd. This is grateful topic

@therichgamblinglifestyleof3433 3 жыл бұрын

Thanks.

@flacodanny7369 3 жыл бұрын

Thank you, keep up the good work.

@mainemermaid6596 Жыл бұрын

Thank you! ❤

@mikeappignani4383 Жыл бұрын

I'm Totally Confused 😕😐😅🙃

@richardturner7664 28 күн бұрын

You not a U.S. citizen ? 🤔

@brettduffy1992 Жыл бұрын

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?

@sharonp4446 3 жыл бұрын

Disability just flows into Soc Sec. No change

@jamesbutler2596 3 жыл бұрын

So if I'm disabled and getting SSDI the Retirement benefit will be added to the SSDI???

@bluize567 3 жыл бұрын

@@jamesbutler2596 from my understanding, the amount stays same. Just no longer called disability, just changes to reg Social Security

@pamelaneibuhr6959 3 жыл бұрын

@@jamesbutler2596 o, just changes over to regular social security

@terryr_zappa8193 Жыл бұрын

You are permanently marked as disabled. How else do people get handicapped placards or license plates?

@wa210 Жыл бұрын

@@bluize567 When you hit FRA. For me FRA is 67. I receive SSDI now. Just hit 62 last year. So yes SSDI rolls into SS at for me 67. Pays the same.

@jenniferw8963 6 ай бұрын

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?

@59phonebone 3 жыл бұрын

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 KZfaq for SSDI matters.

@DevinCarroll 3 жыл бұрын

Thanks!

@lindajedeon9441 3 жыл бұрын

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 😔

@cynthiahammett8484 3 жыл бұрын

At what age will my ss disability status change to ss retirement. I'm 63 now. My friend's flipped over at 63 but not mines.

@pamelaneibuhr6959 3 жыл бұрын

You can file early or wait for full retirement age

@davidcarbery2388 3 жыл бұрын

I did not even know I needed this information. Thanks a lot.

@timothycoleman8916 11 ай бұрын

SSDI caculation seems off. It gave me $3668

@jeffdo9195 Ай бұрын

So full retirement age pays more then SDI?

@donnarasp3738 3 жыл бұрын

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

@Scorpio_Love_11 3 жыл бұрын

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

@Daniel-uo8ee Ай бұрын

Please tell me what is the qualifications for your disability pay.

@carmenfigueroa9500 3 жыл бұрын

Thank you so much for this great information. Excellent research

@loylssouthernacres9890 3 жыл бұрын

I have a question about Medicare. If I am reserving SS checks before I turn 65 will I automatically be in rolled in to Medicare when I turn 65?

@59phonebone 3 жыл бұрын

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.

@inmyimage1081 3 жыл бұрын

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

@magyarpropertymanagement3209 3 жыл бұрын

If you have a pension that also have disability benefit how does that impact Social Security Disability?

@42042O 3 жыл бұрын

No only ssi cares about income you just can’t work or ssdi so you can own apartments invest ect

@inmyimage1081 3 жыл бұрын

@@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

@eddiekulp1241 11 ай бұрын

Most people are not approved the first time , usually takes 3. I was within 5 months , i thought am i that screwed up ?

@NoOneCaresAnyway1234 10 ай бұрын

😮 might I ask what you were approved for? Congrats it didn't take longer!

@EmmaDee Жыл бұрын

Is this information not available on the social security website?

@sheilacollum4530 3 жыл бұрын

I've been on disability since 2011 how do I find if are what I'm going to be getting

@richardturner7664 28 күн бұрын

What you get now, is all you Will get, even at FRA. If cola is given, you will receive it, that's it.👁️

@russiandoll5858 9 ай бұрын

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?

@richardturner7664 28 күн бұрын

Apply...they will tell you. NOBODY knows but them😊😊

@kb9liq 7 ай бұрын

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?

@bellacutie25 6 ай бұрын

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.

@richardturner7664 28 күн бұрын

You will receive the same amount...you only receive Cost of living...cola if they give it..the goverment

@ronaldcash8492 2 жыл бұрын

Must know your situation when you retire and then all the knowledge you can so you don't get cheated out of any benefits.

@debraparks7498 3 жыл бұрын

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

@candicosens8178 3 жыл бұрын

I was told nothing changes you will only increase on annual cost of living.

@imxploring 3 жыл бұрын

Converts to ordinary SS at your full retirement age. The amount should remain the same.

@OhJodi69 3 жыл бұрын

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.

@SandfordSmythe 2 жыл бұрын

@@OhJodi69 It comes out of the SS Retirment Fund rather than SSD Fund

@romeysiamese6662 4 ай бұрын

If you filed for ssdi due to blindness or loss of vision, for that case the math is entirely different.

@bettyjeanheinsohn9945 3 жыл бұрын

What happens when you were a stay at home and did not work how do they determine your SSD for payment

@pamelaneibuhr6959 3 жыл бұрын

Lowest is 39.00 a month and goes up from there depending on if you worked at all. My daughter was disabled at 18 and got 494.00 a month

@SandfordSmythe 3 жыл бұрын

You may not get any Disability if you haven't paid in recently.

@inmyimage1081 3 жыл бұрын

You may be looking at SSI vs SSDI.

@bettyjeanheinsohn9945 3 жыл бұрын

My Daughter was to file for SSD she has a lot of health problems and can't work now but she was a stay at home mother and she never worked

@richardturner7664 28 күн бұрын

640.00 if you lucky

@amenditman 3 жыл бұрын

@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?

@daaimahaleem2442 3 жыл бұрын

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

@59phonebone 3 жыл бұрын

@@daaimahaleem2442 it’s 66 and 10 months for people like me born in 1959. For people born in 1960 or later it’s age 67.

@amenditman 2 жыл бұрын

Thank you all for the replies.

@donnawoodford6641 3 жыл бұрын

If you become disabled after retirement, there are no extra benefits???

@SandfordSmythe Жыл бұрын

You are not a disabled worker.

@sandrataylor2323 3 жыл бұрын

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.

@tealatata 2 жыл бұрын

Disability is usually more then ss

@richardturner7664 28 күн бұрын

@@tealatataIt is...👁️

@ddmore4me 3 жыл бұрын

Need to know social security medication savings program and how it's calculated.

@pamelaneibuhr6959 3 жыл бұрын

It sucks

@laurametheny1008 3 жыл бұрын

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?😏

@anonymous9304 Жыл бұрын

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.

@richardturner7664 28 күн бұрын

It's why you need to ask them. Brain 🧠 wizard 🪄

@JCinLapel 2 жыл бұрын

If you were seeking out help with vocational rehab does that count against the SSDI benefit amount

@JoAnnCarpenter815 3 жыл бұрын

I became disabled in 2005, I was 38 years old. Since that time both my parents died. Can this change the way my benefits are calculated?

@pamelaneibuhr6959 3 жыл бұрын

@imxploring 3 жыл бұрын

Are you receiving SSI or SSDI?

@inmyimage1081 3 жыл бұрын

A parents work record only applies to adult children who were totally and permanently disabled prior to their 22nd birthday.

@richardturner7664 28 күн бұрын

Nope.

@Inferno5150 3 жыл бұрын

The more I watch these videos, the more I hope I don't live much longer,

@Mr.GreenThumb44 Жыл бұрын

Praying for you.

@tanyatimms2951 Жыл бұрын

Praying for you

@BeverlyWilliams-eb8bv 11 ай бұрын

What I use to get from social security

@richardturner7664 28 күн бұрын

GoodLuck

@user-dn9wl9up7x 3 ай бұрын

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

@alberthernandez5650 3 жыл бұрын

I BECOME DISABLED WHEN I WAS 50 YEARS OLD SO HOW MUCH WILL GET WHEN I TURN 65 YEARS OLD THIS YEAR?????

@candicosens8178 3 жыл бұрын

I understand your amount stays the same.

@pamelaneibuhr6959 3 жыл бұрын

It revert to regular social security at full retirement

@alberthernandez5650 3 жыл бұрын

@@candicosens8178 so I'm still going to get the same amount of $438.00 each month and that's sucks

@imxploring 3 жыл бұрын

@@alberthernandez5650 Are you getting SSI or SSDI? The amount seems rather low.

@tealatata 2 жыл бұрын

@@alberthernandez5650 depends on how much you made while working .. you get a percentage of what you made

@jamesbutler2596 3 жыл бұрын

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

@maryrobbins5714 3 жыл бұрын

And I was like yeah but she had an appointment on

@conniepitts8392 3 жыл бұрын

Excellent question

@pamelaneibuhr6959 3 жыл бұрын

It will covert to just regular social security

@imxploring 3 жыл бұрын

Amount stays the same and just converts to ordinary SS when you reach your full retirement age.

@SandfordSmythe 3 жыл бұрын

They stop taking it out of the SS Disability Fund and take it out of Retirement Fund.

@lasparklecovington1238 3 жыл бұрын

Can i still get retirement benefits while getting social security disability.

@Scorpio_Love_11 3 жыл бұрын

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

@lasparklecovington1238 3 жыл бұрын

@@Scorpio_Love_11 Thank you

@59phonebone 3 жыл бұрын

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.

@richardturner7664 28 күн бұрын

Nope

@DeviantMotives Жыл бұрын

I had to get disability in my 40’s

@garykeating2074 Жыл бұрын

What about covid everyone closed down..can't justify 60 percent on those years

@freddigreen5143 5 ай бұрын

😵

@BeverlyWilliams-eb8bv 11 ай бұрын

What I use to get from ssi.

@BeverlyWilliams-eb8bv 11 ай бұрын

Still waiting on repliey.

@BeverlyWilliams-eb8bv 11 ай бұрын

Oid benfits,how much.

@SandfordSmythe 3 ай бұрын

Visit your local SS office.

@eddiekulp1241 11 ай бұрын

Cant follow this , you dont know what the indexed adjustments are , worthless to try to figure out

@l.daniels 3 жыл бұрын

Have you lost weight?

@DevinCarroll 3 жыл бұрын

Yes. And then gained it back. And then lost it again. And then gained it back. And then... Ahhhhh!!! This desk is killing me!

@bzscck4496 Жыл бұрын

听证会，一次不行，两次，三次，四次，既然背后里能捣鬼，还怕我们光明正大的说出来吗！

@bzscck4496 Жыл бұрын

正如油管小人捣鬼一样，到处有人在背后捣鬼，不敢公开站出来，到处盗用别人的名字，自己玩吧！

@maneevent1508 Жыл бұрын

Wuhan

@billflatt1 3 жыл бұрын

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!!!

@bzscck4496 6 ай бұрын

不会再结婚，要前夫的一半，要豁免权