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Old 06-07-2009, 09:27 PM #1
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Default How much would a quadrapligic get with 2 young kids?

I have been working and making 85K per year but everyday it gets harder due to more and more complications... I am able to get around via manual chair but of late might not be able to meet what they need me to do around the office to keep my job...

A little more info... I was on SS when this first happend back in 2001 but got back to it... Now I am 34 and have made over 100k for the last 5 years so the amount I might get would put me out of my life style....

Ball parks would be a huge help... Say 2200 per month???
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Old 06-08-2009, 10:13 AM #2
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Do you get a Social Security Statement each year? Since you had a prior claim, you might not, but you can ask SSA to send you an estimate. Or you can try to compute it yourself, but that is EXTREMELY complicated. Here is the Wiki link on computation of the Primary Insurance Amount (PIA).
http://en.wikipedia.org/wiki/Primary_Insurance_Amount

The PIA is the basis for all benefit computations. Also, the Disability Family Maximum (DFMAX) may also come into play for the children's benefits because you are young and do not have a large number of lifetime credits. The children may not get as much as they would if you were 62 and retiring.

Whatever the amount, remember that Social Security was designed to be only a 1/3 part of retirement income and you will absolutely have significantly less income on Social Security than when working. Also, there are diminishing returns on increased wages since the replacement rates in the PIA comp are a smaller percentage as you earn more money. This is the tier system, like a wedding cake.

Call SSA. 1-800-772-1213. Ask for a benefit estimate. Now, generally the employees who answer the phone are the lower level service reps who do not process claims and don't know all the nuances of complicated computations.
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Old 06-09-2009, 09:57 AM #3
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I tried that... they want me to move forward....

Can anyone guess within 500 bucks? I was thinking 2200.00 but then I hear of some people only getting 350 bucks.

Thanks for the help.
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Old 06-09-2009, 11:42 AM #4
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If you want a guess, you can't ask for the guess to be within $500 of the correct amount.

I'll guess $1500. Plus or minus $1000.

I think relying on the source (SSA) is a better choice than anonymous Internet strangers. This is an important decision.
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Old 06-09-2009, 12:42 PM #5
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at least 2200 a month perhaps more.
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Old 06-09-2009, 09:50 PM #6
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thanks for the feedback.... this is what I thought.
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Old 06-10-2009, 09:07 AM #7
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Okay, I did a quick and loose computation with the limited information you provided.

Computation years would be 12 (34-22). You worked 5 of those 12 years earning either $100,000 (which is over the FICA cap) or $85,000. Not sure you even paid FICA on all those earnings. Dropping out the low five gives you 7 years to average to come up with the AIME. I computed AIME to be around $6000 (rounded down to nearest $1000 for ease of math). Did not index the years. Did not factor in your prior period of DIB which would change the computation years since that data was not provided. Using 2009 bendpoints, a rough estimate of the PIA is $1900.

Did not even begin to compute the family max since this was tiring enough.
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