When Will Social Security Run Out? Here Is the Truth About SSI

Social security is the most prominent social insurance program in the US, but is it really here to stay?

While the Social Security Administration (SSA) provided more than $1 trillion USD in benefits in 2018, the funds will not last forever, right? 

Well…maybe?

So, when will Social Security run out? Let’s attempt to clear the air a little and talk about the future of SSI benefits as they stand today.

Social Security Explained

Social security hails back to the 1930s. Back then, President Franklin D. Roosevelt launched a social insurance program to support retired workers with a continuing income. The original aim of social security was to help workers fund their benefits through their income taxes.

In 1939, social security extended to include dependents and survivors of people who originally earned social security benefits. Coincidentally, this enabled blue-collar workers to also do some estate planning and take care of their loved ones.

Social Security Today

According to the Social Security Administration (SSA), there is a cash deficit in the social security insurance program. In order to cover that deficit and keep paying out benefits to current retirees, the SSA has been withdrawing money from trust funds to cover the deficit.

However, this is probably not a sustainable condition. Experts estimate that the trust funds will be exhausted by 2037 or earlier without some sort of structural change. Some analysts expect the funds to run out as early as 2029. Until then, current retirees will continue to receive their full social security benefits, but the future is currently, uncertain.

The Future of Social Security

So, what will happen after the trust funds run out? After that time, the SSA may have to either increase the payroll tax rate or reduce the social security benefits.

Initially, the current taxation could be enough to cover ~76% of all expected benefits due. This means that social security benefits would be less while the income tax would remain the same or even increase. To amend this, Congress must adjust the funding of SSA.

What Does This Mean For People Who Are Currently in the Work Force?

If you are currently employed but will hit retirement age close to 2037, you need to plan your future carefully. While social security will not go away, it could represent less actual income compared to what it is today.

Right now, social security cannot keep up with the spending needs of seniors, and this trend will only grow as time goes by. That is why it is a good plan not to rely solely on social security.

When Will Social Security Run Out? Now You Know!

Now that you know the future of social security is unclear, it is time to take steps to get ahead of that uncertain future.  Perhaps the biggest step you can take is starting to establish a great estate plan. 

Here at Lilac City Law, we have the experience and the legal know-how to help you plan your estate with efficiency and compassion. We work with great financial planners too!

Contact us today and we will gladly help you craft an estate plan that will save your loved ones from an expensive and time-consuming court process during their time of grief.

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Do SSI Lawyers Really Help With Your Disability Claim?

If you find yourself in need of assistance for a social security disability case, it is important to get help from an expert.

Many people make the error of representing themselves. While you may know your rights, it is always advantageous to reach out to one, or several social security disability law firms to increase your overall chance of success.

Follow the tips below to learn more about the importance of hiring the right SSI lawyer for your situation.

SSI Lawyers Increase Your Chance of Success

When you need a payout for your social security disability case, the last thing you want to deal with is personal doubt and uncertainty at each step of your claim. Hiring a competent disability lawyer will help you wipe away a lot of this doubt since you will have professional advocates on the case for you.

A great team of SSI advocates will work to clarify any questions the SSA has about your medical condition, employment status, medication and treatment, and any other concerns that arise. They will be there every step of the way working on your behalf to convince the Social Security Administration (SSA) that your claim is appropriate and should be granted.

A Great Team of SSI Lawyers Can Speak For Your and Explain the Details of Your Case

Knowing the law is one thing, but you also need a professional that can articulate it on your behalf.

When you start shopping around for various SSI lawyers, gauge how each one of them explains your situation to you. You want a lawyer that will explain everything about your claim, and the work they will do for you clearly, and also answers all your questions.

Remember, your lawyer will argue on your behalf that your condition meets the standards of a disability as defined by the SSA. They will further prove that your state hinders your ability to work and earn a living. It is vital that you can communicate with your lawyer if you ever expect them to be able to convey your situation accurately and compellingly for you.

SSI Attorneys Ease the Application Process

With social security disability cases, you are always subject to lulls in claim turnaround time. One of the best things you can do to get your claim approved as fast as possible is to retain a good SSI lawyer. Hiring a lawyer improves your chance of getting accepted in the first wave of the application process – which can help you get your claim approved in months rather than fighting for years over why it was not accepted in the first place.

You will also get another set of eyes on your initial disability application.

You Will Get Paid What You Deserve

In most cases, you can expect your social security lawyer to take up to 25% of your payout (up to $6k). This rate is the maximum rate an SSI lawyer can charge to assist you as an advocate. But there are some ways that firms can slip other fees by you. Even though it seems like everyone charges the same thing, you can still find there is a difference at the end of the day (in your bank account) if you don’t shop around.

Get the Professional Help You Need

We have years of experience and would love to hear from you. We’re passionate about helping you to know more about your claim – you can see this by visiting our blog.

But we can also show you by meaningfully connecting with you beyond this article. Contact us and get advice and help on your disability claim today!

Contact Lilac City Law For Disability Help Today

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Top 5 Tips on Filing a Disability Claim for Pseudoclaudication

Living with back pain can be immensely hard and, at times, all but impossible. For those who suffer from pseudoclaudication, dealing with extreme back pain is a daily struggle.

The cramping in the lower back, hips, and legs can lead to individuals having to cause you to put your entire life on hold to deal with your symptoms.

Fortunately, if you are living with this disorder, you can get financial help in the form of a Social Security Disability Claim.

Here are five tips on filing a disability claim for your pseudoclaudication.

Start Your Disability Claim as Soon as You Can

The time between filing a disability claim and receiving benefits can be anywhere from 3 months to 3 years.

If you suffer from pseudoclaudication and you think you may qualify for benefits, it is vital that you begin the process as soon as you possibly can.

The sooner you file, the sooner you can receive the help you need.

Get a Formal Diagnosis and a Second Opinion

You may be sure of your pseudoclaudication — but, without a licensed doctor’s report, it can be difficult to prove you’re deserving of the help you need.

If you’re considering filing a disability claim, the entire process will run a lot smoother if you have an official diagnosis on file.

Visit your doctor and talk to them about your concerns and about receiving a diagnosis for your condition.

Also, you should keep in mind that getting a second opinion is always an option and that you should never be afraid to seek out extra help.

Have Your Medical Records On Hand

The process of filing a disability claim is tedious and time-consuming, because of that, it helps to stay organized.

Even if you are only thinking about filing a claim, you should always keep a copy of any and all your medical records on hand. At any point during the claims process, you may need to provide evidence of treatments, procedures, or even of an official diagnosis. A good disability lawyer will do this for you!

Stay Organized

Filing a disability claim can feel a bit like jumping through bureaucratic hoops sometimes.

To help stave off the inevitable frustration and confusion you must remain organized. Keep all your records that pertain to your case in the same place and make sure you have everything clearly and concisely labeled.

By staying organized you’ll be able to better keep your wits about you no matter what hoops the Social Security Administration throws your way.

Hire a Lawyer

Finally, trying to take on something as complex as a disability claim all by yourself can be both daunting and trying. On top of that, by going it alone, you’re on one hand telling SSA that you cannot work, and on the other hand, showing you can successfully pursue work like activity (representing people – aka yourself – in a disability claim).

If you’re suffering from Pseudoclaudication or other back pains, you already have enough to deal with — let a trained professional handle the rest.

How to File a Disability Claim for Pseudoclaudication

If you suffer from pseudoclaudication and would like to file a disability claim, but aren’t sure where to begin, we can help.

Contact us today for more information, or to get started filing your claim today.

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SSI Lawyers Fees, How Much Will You Pay?

SSI Lawyers Fees, How Much Will You Pay?

When you are filing for Social Security, it is recommended that you start connecting with SSI and SSDI lawyers to assist you in the process.

Just having the connection and being informed will help increase your odds of being approved on your first go-round. 

However, if you have already applied and been denied, then it not just important to hire and SSI Lawyer, it is critical!

The costs for SSI lawyers can be a concern for many seeking help.  Costs are often cited as the biggest fear of people in this situation, but the good news is that fees are designed so that the cost of a great SSI Lawyer isn’t your barrier to ultimate success.

Read below to see how you can hire a great SSI Lawyer, risk-free!

How SSI Lawyers Can Help

As a brief primer, we should cover what Social security lawyers will do to help you once you retain their services. You will receive support, and even hands-on work on your application to social security as well as meeting required deadlines and collecting enough evidence to successfully represent you so that you may be approved to receive your benefits.  In short, retaining a good lawyer will make sure your claim and appeal get done… and done well!

Contingency Fee

SSI lawyers charge a contingency fee for representing you in your Social Security claim.  When you first meet your Social Security lawyer, you will go over a contingency fee agreement. Once this is signed, it will allow the Social Security Administration to pay your attorney from your past-due benefits, when they have been approved.

SSI lawyers only get paid for representing you if you win your appeal, and they will only receive payment from your back pay.

Keep in mind that although you are not paying for the lawyers’ services out of pocket, there are other costs involved that might require your payment. A disability attorney needs to have access to and collect all kinds of records including medical, work and school. This process can be pricey, and some attorneys will require you to be the one responsible for your lawyers’ access to them. Any mailing or copying charges could also be your responsibility. It is a good idea when meeting your attorney to ask what costs you will be responsible for and whether those costs are expected to be covered at the time or after you begin receiving benefits.

Back Pay

Lawyers’ fees are paid through your back pay. This is the money you would be receiving if you were to get benefits during the time you were disabled but not yet approved for benefits. Social security lawyers get a maximum of twenty-five percent of the back pay you are awarded up to a maximum of six thousand dollars. In the rare case you are not awarded back pay, your lawyer might then submit a fee petition. This could allow your lawyer to still receive a fee for their services. This does not mean you necessarily have to pay out of pocket. However, the fee would then typically come out of your awarded amount.

Again, make sure you go over this with any prospective SSI Lawyer you intend to work with.

Exceptions

There are a few situations where Social Security Lawyers may ask for more than the typical max of six thousand from your back pay and submit a fee petition. These conditions typically require for you to :

  1. Hire a new, different attorney than who you started with, or fire your previous attorney. This particular case can be confusing. If the first lawyer you worked with did a significant amount of work and did not waive their fee, then the two lawyers will have to share the percentage of your back pay. This may end in your current lawyer asking for a higher fee to make up the difference.
  2. You are still denied benefits after the appeal hearing and need to further your case to federal court.

If you have questions about your Social Security claim or need assistance filling out your claim, contact us today!

I’d Like To Talk to Lilac City Law About SSI Help & Go Over the Contingency Agreement
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Can You Win a Disability Claim for Meniere Disease in Spokane, WA?

Can You Win a Disability Claim for Meniere Disease in Spokane, WA?

If you have Meniere Disease and are finding it hard to work, you may qualify for Meniere Disease Disability Benefits.

In fact, depending on the severity of your symptoms and if you meet the SSA requirements, you may automatically qualify.

What Meniere Disease is

Meniere Disease is a disorder of the inner ear (vestibular labyrinth) which is the area that controls your balance and positional awareness.  If you have Meniere Disease, you do not constantly have symptoms, but rather attacks that come on quickly and without warning.  These attacks include extreme vertigo, hearing loss, and a full feeling in your ear.  Because of vertigo, you are at risk of falling and causing injuries.  With hearing loss, you may be unable to use the phone or verbally communicate because you cannot hear what is being said to you.  These attacks may happen in a short period of time, or they may be isolated incidents that happen every few years.  Most attacks are very debilitating and take several hours to recover from.

How to Automatically Qualify for Meniere Disease Disability Benefits

Meniere Disease is listed in the SSA blue book under SSA listing 2.07– disturbance of labyrinthine-vestibular function as a disability that automatically qualifies you for Social Security disability benefits.  However, to automatically qualify you must:

  1. Have both, disturbed function of vestibular labyrinth demonstrated by caloric or other vestibular tests; and hearing loss established by audiometry.
  2. Be earning less than $1180 per month (unable to engage in Substantial Gainful Activity)
  3. Have symptoms that last or are expected to last at least 12 consecutive months. Because Meniere Disease’s symptoms come and go, it is important to provide medical records from each time your symptoms occur from your primary doctor (or any other doctor that has treated your Meniere Disease) and your audiologist.

What to do if You Do Not Meet the Automatic Qualifications

Even if you do not meet the qualifications to receive Meniere Disease Benefits automatically, you should still apply for Social Security Disability.

SSA will create a residual capacity assessment (RFC) that will detail your ability to perform certain work-related activities.  Additionally, SSA will use the medical evidence that you submit and possibly ask you to see a doctor or audiologist hired by the SSA.

The RFC will look at your ability to perform basic work activities such as:

  • Walking, standing, sitting, lifting, pushing, pulling, reaching, carrying or handling
  • Seeing, hearing and speaking
  • Understanding/carrying out and remembering simple instructions
  • Responding appropriately to supervision, co-workers and usual work situations
  • Dealing with changes in a routine work setting

SSA should take into consideration side effects caused by the medications you take for your Meniere Disease.

For example, your medications may cause sleepiness and fatigue.  This could impact your ability to work around or with heavy machinery.  It may also affect your reliability and productivity.  If you can prove that your productivity is ~20% less than what it was before your Meniere Disease diagnosis, then you may be found disabled.

After your RFC is created, the SSA will use a formula to decide whether your RFC and your vocational factors put you in the disabled category.

You Can Get Help!

If you have Meniere Disease and are not sure if you should apply for Social Security Disability, please contact us.  We want to help!  If you have been denied, you should file an appeal, asap.  We will show you how.

Get Help With Meniere Disease Disability Claims!

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FAQ: How Much Can I Work & Still Be Eligible for Disability?

FAQ: How Long Will The Social Security Disability Process Take In Spokane?

This is not an easy question to answer, but it is one of the most important ones to consider when you contemplate your path to recovery. 

Here is our outstanding founding attorney, Randi L. Johnson, breaking down the answer:

 

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FAQ: What’s the Difference Between SSI & SSDI?

SSI vs SSDI - what's the difference?

Are you stuck trying to figure out the difference between SSI & SSDI? 

Here is our outstanding founding attorney, Randi L. Johnson, breaking down the answer:

 

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FAQ: How Long Will The Social Security Disability Process Take In Spokane?

FAQ: How Long Will The Social Security Disability Process Take In Spokane?

Initial Application, Reconsideration, Hearing Level, Appeals Council Level, Federal District Court Level…how long will it take to get your claim approved in Spokane, WA?  

Here is our outstanding founding attorney, Randi L. Johnson, breaking down the answer:

 

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FAQ: Should I Bring in ALL of My Medical Records for My Case?

SSI vs SSDI - what's the difference?

The answer to this one is all about communication and timing.   Is that vague – watch this short video and it will make more sense.

Here is our outstanding founding attorney, Randi L. Johnson, breaking down the answer:

 

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Do I Need a Disability Lawyer When Working With Social Security?

Do I Need a Disability Lawyer When Working With Social Security?

Do I Need a Disability Lawyer When Working With Social Security?

 

Do you need to file for disability through Social Security?

Have you already filed disability and been denied?

Maybe we can help!

Hiring a disability lawyer is both helpful for new disability claimants and critical for those who have been denied.

Here’s how & why hiring a disability lawyer is a great idea in your Social Security claim.

 

Success Rate When Using a Disability Lawyer

Did you know that those who are filing for disability increase their chances significantly when hiring a lawyer? Nearly three times more successful to be exact.  We wrote about this in depth in our article, The Odds: Getting Your Social Security Claim Approved.

 

Cost of a Disability Lawyer

For most, the biggest concern comes with how a disability lawyer is paid. You may worry that you cannot afford a lawyer and therefore will not be able to receive the help. The truth is that a disability lawyer is only paid if you are approved for social security disability. When you are approved for disability social security will owe you back pay for the time that you suffered from your disability, but were not yet receiving benefits. Once your case is approved your lawyer fee will be taken from your back pay (up to twenty-five percent or $6,000).

Here’s more information on how you can afford a disability lawyer.

 

Best Time to Contact a Disability Lawyer

When is a good time to contact a disability lawyer? That depends on how comfortable and confident you are with filling out all of the necessary paperwork for disability applications.

Remember the chances of getting your initial claim approved hover around 20%, for a variety of reasons.  With a lawyer involved at this stage, chances increase by almost 10 percent, and if you stick with them through your appeal, your chances of success grow to well over 50%.

A disability lawyer comes in handy later on when going through the rigamarole of Social Security.

 

Advantages of Hiring a Disability Lawyer

Here are some clear-cut advantages to hiring a disability lawyer:

  • You will not have to keep going to the social security office and spend so much time waiting
  • The paperwork alone is easily more than forty pages long. An attorney can help to gather all the paperwork needed.
  • Disability Lawyers know the language. Social security and courts are very wordy and hard to understand at times. Your lawyer will know all the terms and appropriate ways of responding.
  • An experienced attorney knows the system like the back of their hand. This means that the whole process will be a lot faster and no guesswork for you!
  • You will never miss a deadline. The social security administration is very serious about their deadlines, and if one is missed, you may have to start the whole application process over again. A lawyer can be there for you and stay on top of the mundane things such as this.
  • When appealing a claim that has already been denied your attorney may be able to send in a brief that compels the judge to not need a hearing and approve your benefits then and there.
  • Rest assured that your attorney will be professional and ethical; it’s the law and rules of conduct for the social security administration
  • No upfront payments needed. No payments until you start receiving back pay and only then will your lawyer receive payment from your backpay before you even receive your first check.

 

We Help Disability Claimants In Spokane, Eastern Washington, & Northern Idaho

No matter where you are in the process, we can help.  Contact us today!

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