Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Financial Analysis Help Needed Re Social Security Disability
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="DDD" data-source="post: 555154" data-attributes="member: 35"><p>I'm going nuts. difficult child#1 (aka easy child/difficult child) has been approved for Disability retroactive to 2008. I am his Representative Payee. I am not a dumb bunny but I am having a hard time figuring out which way to jump. Here are the relavent facts: He will get over $30,000 retroactive within the next couple of months. Part of it is arriving now. His "past" payments can only be spent on something big for his benefit.</p><p></p><p>This week I find out he will be receiving over a grand a month, plus medical coverage, and food stamps. He has to "account" for how he spends not only the back pay but the upcoming monthly income. Sigh. SO I am trying to find a house for him to buy (the one I "thought" we had was lost) so we will know he has a home in the future after we are gone.</p><p></p><p>IF I spend all his backpay to buy a house with a small mortage then his expenses will not qualify him to receive the generous monthly income of a grand. It seems like a catche twentytwo situation. Really I don't know whether to zig or to zag. Should I find a house with a mortgage that justifies him keeping his monthly income? OR should I have him spend prox twenty for a house and the other ten for a new used car with a monthly payment?</p><p></p><p>Then, to complicate matters, he has a SO who cooks/cleans/accomodates him etc.. She also gets food stamps and once he has a home she will be sharing that home. As a result his income will be reduced and likely she will also lose her food stamp support.</p><p></p><p>This is one of those times where there is no much to be considered (and I have NO experience with government methods!) and I'm waffling...not my usual. If you have input I'll feed it into my old brain.</p><p>DDD</p></blockquote><p></p>
[QUOTE="DDD, post: 555154, member: 35"] I'm going nuts. difficult child#1 (aka easy child/difficult child) has been approved for Disability retroactive to 2008. I am his Representative Payee. I am not a dumb bunny but I am having a hard time figuring out which way to jump. Here are the relavent facts: He will get over $30,000 retroactive within the next couple of months. Part of it is arriving now. His "past" payments can only be spent on something big for his benefit. This week I find out he will be receiving over a grand a month, plus medical coverage, and food stamps. He has to "account" for how he spends not only the back pay but the upcoming monthly income. Sigh. SO I am trying to find a house for him to buy (the one I "thought" we had was lost) so we will know he has a home in the future after we are gone. IF I spend all his backpay to buy a house with a small mortage then his expenses will not qualify him to receive the generous monthly income of a grand. It seems like a catche twentytwo situation. Really I don't know whether to zig or to zag. Should I find a house with a mortgage that justifies him keeping his monthly income? OR should I have him spend prox twenty for a house and the other ten for a new used car with a monthly payment? Then, to complicate matters, he has a SO who cooks/cleans/accomodates him etc.. She also gets food stamps and once he has a home she will be sharing that home. As a result his income will be reduced and likely she will also lose her food stamp support. This is one of those times where there is no much to be considered (and I have NO experience with government methods!) and I'm waffling...not my usual. If you have input I'll feed it into my old brain. DDD [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Financial Analysis Help Needed Re Social Security Disability
Top