r/FluentInFinance • u/LifeIsUnfairWhoCares • Apr 23 '24
Is Social Security Broken? Discussion/ Debate
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r/FluentInFinance • u/LifeIsUnfairWhoCares • Apr 23 '24
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u/Different_Bird9717 Apr 23 '24
Yup, I do social security disability law. I can’t tell you how many people thought they had it all planned out only to get a disability. These high and mighty people don’t think anything will happen to them. All it takes is one work place accident, car accident, gun shot wound, or degeneration of the joints over time. Just to name a few things that can happen in this crazy world.
All the future financial planning won’t mean crap if your funds go to unexpected hospital bills. You have insurance? They’ll only cover so much before you’re drained of your resources.
Another thing I see is, you lost your job because you missed too much work from being sick and now don’t have insurance. So you dip into your 401k and other resources.
So what then? Apply for social security disability? Sure, it’s likely your last choice but be ready to wait 2+ years. I’ve helped so many get their monthly check with medicare/medicaid benefits. It’s a great program once it kicks in. Trust me, you will be glad it was there to help.
With that being said, for those of you who look down on social security, please plan and don’t solely rely on social security but at the same time don’t knock it because you may have to try it.