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What other benefits come with SSD

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Old 03-15-2011, 03:04 PM #11
Mz Migraine Mz Migraine is offline
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Originally Posted by Babyboomer15 View Post
What about 401k's? Does the 10 percent penalty for early withdrawl get waived if you are on SSDI?
Yes it does.
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Old 03-15-2011, 03:23 PM #12
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Yes it does.
What if it's your 401k and your spouse is disabled. Do they still waive the 10%?
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Old 03-15-2011, 04:14 PM #13
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Not sure about 401 plans, but I have an IRA with New York Life and they say I can arrange to get money early with no penalties.

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Originally Posted by Babyboomer15 View Post
What about 401k's? Does the 10 percent penalty for early withdrawl get waived if you are on SSDI?
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Old 03-15-2011, 04:17 PM #14
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Thanks for many other ideas listed. Also you may want to just ask around at places. For example when I was just at my dentist I got an extra 10% off just for asking if they had any deductions allowed for those on Social Security Disability.
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Old 03-15-2011, 06:00 PM #15
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Originally Posted by Mz Migraine View Post
Yes it does.
I got mine the other day and it was for such a small amount I thought they wouldn't bother with the penalty because there won't be anything leftover. They did tax it for some reason.
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Old 03-16-2011, 12:52 PM #16
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I got mine the other day and it was for such a small amount I thought they wouldn't bother with the penalty because there won't be anything leftover. They did tax it for some reason.
You have to provide proof/documents that you are disabled to the 401k withdrawal paperwork in order to be waived from paying the penalty for early withdrawal. At least that is what I had to do.
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Old 03-17-2011, 03:45 PM #17
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Default Property taxes
I did not read the first page so if this has been brought up I am sorry. But here in Indiana if you take your awards letters to the county office they reduce your property taxes by 20%. Instead of paying 1,000 in property taxes we now pay $800. Every little bit helps.
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