What is social security tax for?

🎙️ In this throwback episode of “Money Talk With Tiff,” we took a deep dive into Social Security Disability with expert Spencer Bishins 🎧

In this insightful episode, Spencer shares vital information on navigating the complexities of Social Security benefits.

Here are three key takeaways you won’t want to miss:

👉🏾 Impact of Returning to Work: Learn how earning income or having assets above certain limits can lead to the termination of benefits for SSI and SSDI, and what changes occur when SSDI benefits convert to retirement benefits at retirement age.

👉🏾 Importance of Notification: Understand why it’s crucial to notify Social Security immediately about any changes, including the passing of a beneficiary, to avoid overpayment issues and large debts.

👉🏾 Application Challenges: Discover the significant barriers to accessing Social Security benefits due to strict criteria, complex documentation systems, and high initial denial rates, with over 70% of applications being rejected initially.

Tune in to Episode 175 of the podcast now on moneytalkwitht.com and gain valuable knowledge that can help you or your loved ones navigate the intricacies of Social Security Disability benefits.

🎙️ Listen here: https://loom.ly/plDNp7s

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