Recs

0

Why the Social Security Disability System Is Broken

Most people think of Social Security as being a retirement-income program, but it also helps those with disabilities make ends meet. Unfortunately, controversy and allegations of abuse have plagued the Social Security Disability Income system for years, and proposed fixes haven't been enough to resolve the real problem.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at the way decisions about disability benefits are made. Dan notes that new Social Security Administration rules would clamp down on the requirement of those seeking benefits to provide all relevant information, even if it goes against their own interest. Lawyers for applicants, however, note that they have a duty to help their clients win. Dan suggests that the better answer is to have the court appoint an impartial third party, similar to a trustee in bankruptcy, to gather information impartially and let the adversarial system work. Otherwise, the ethical quandries are too difficult to navigate.

Learn everything you need about Social Security
Disability benefits are just part of the big picture for your finances. You also have to know how to maximize your retirement benefits as well. In our brand-new free report, "Make Social Security Work Harder for You," our retirement experts give their insight on making the key decisions that will help ensure a more comfortable retirement for you and your family. Click here to get your copy today.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 15, 2014, at 9:13 AM, jfnics wrote:

    A better alternative for fools is to purchase an individual income protection plan (disability insurance) from the private market - it provides broader coverage, more benefits and easier claims process. www.drgdi.com for educational information.

    For my disability story - www.johnfnichols.com

    Fool on - healthy, wealthy and protected!

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2877110, ~/Articles/ArticleHandler.aspx, 12/22/2014 8:42:45 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Dan Caplinger
TMFGalagan

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

Today's Market

updated Moments ago Sponsored by:
DOW 17,959.44 154.64 0.87%
S&P 500 2,078.54 7.89 0.38%
NASD 4,781.42 16.04 0.34%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes


Advertisement