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""How Legally To Make A Pile Of Money And Keep
Your Disability Benefits!"
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Hi
In the previous
lesson
Get All The Benefits You Are Entitled To, we covered how much you can
make and keep your benefits and how to determine if you are getting all
the benefits you are entitled to.
These tips are pretty straight forward if you
are earning a salary
and receiving a W-2 at the end of the year. The good news is
the
rules provide some real flexibility if you are self-employed or own a
business.
The key to understanding the rules and how the
self-employed can Make A Pile Of Money And Keep their Benefits lies in
Social Security’s Trial Work period (TWP).
Here is the condensed version of TWP.
The
Trial Work Period starts the month you make over $720 in 2011 and lasts
for nine months. The TWP months do not have to be consecutive.
The real benefit is you can make as much money as you can during the
nine months of working and still receive your full disability check.
I repeat ...you can make as much money as you can during the nine months
of working and still receive your full disability check.
Once you have used up your nine TWP months, then any month thereafter
where you earn over $1,000 in 2011, you will not receive your disability
check.
Step-by-Step strategy to Make
A Pile Of Money And Keep Your Benefits.
1. Always report your earnings activity to SSA and pay all
your taxes.
2. If
you are self-employed and don't run your business through a corporation
it is
recommended that you do. Learn
all the details here.
3.
Keep your personal earnings below $720.00 per month with checks from
your corporation to you, individually.
4.
Deduct all your expenses. SSA allows deductions for the cost of any item
or service you need to work, even if it is
a service to assist you or is beneficial
to your daily living. Examples
include prescription drugs, transportation to and from work (under
certain conditions), a personal attendant or job coach, a wheelchair, or
any specialized work equipment.
5. Then, use one of your trial work months once a year to
pay out the mother lode of income to yourself.
Because
your trial work period is 60 months
and with this strategy you only use one
TWP a year you will have more Trial Work Months than
you need.
So you can Make A Pile Of Money And Keep Your Benefits.
To learn the details about the TWP, extended period of eligibility,
expedited reinstatement, continuation of Medicare, work expenses related
to your disability, and the nitty-gritty details so you have an in-depth
understanding of the guidelines, visit this SSA website: http://www.ssa.gov/pubs/10095.html
Sincerely,
Brian Therrien
P.s. All Lessons About Maximizing Your Benefits Are Right Here!
Introduction|
Lesson 1 | Lesson 2 |
Lesson
3
| Lesson
4
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