Finance

Eliminating Debt

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Are you overwhelmed by debt? If so, you need to read this article. It will help you get back on the road to financial freedom. Regardless of how far you’ve gone off the rail, you can get yourself out of debt with the right plan.

Below are a few strategies to reduce your debt:

1. Buy what you need and what you can afford. To keep from accumulating mounds of debt, purchase what you need only and what you can afford. Don’t ...

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Can Prisoners get Social Security or Supplemental Security Income (SSI) Payments?

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Both programs prohibit payments to most prisoners. 

Social Security will suspend your Social Security benefits if you are confined to a jail, prison, or other penal institution for more than 30 continuous days due to a criminal conviction. Although you cannot get monthly Social Security benefits while you are confined, the SSA will continue to pay benefits to your dependent spouse or children if they remain eligible.

If you get SSI, the SSA will stop your payments after you are imprisoned for a ...

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Impairment-Related Work Expenses

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BECAUSE OF MY DISABLING IMPAIRMENT, I HAVE TO PAY FOR CERTAIN ITEMS SO I CAN WORK. HOW DO THESE EXPENSES AFFECT MY SSI?

In most cases, you can deduct the out-of-pocket costs of these items, which are called impairment related work expenses (IRWE), from the amount of earnings used to figure your SSI benefit.

This means that SSA does not reduce your SSI benefit as much because they do not count all of your earnings.

WHAT ARE SOME EXAMPLES OF IRWE THAT CAN ...

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Disability Benefits and the Application Process

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The Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) programs help people with disabilities. The SSA provides detailed information to help you understand what to expect from Social Security during the application process.

Before you apply, please review the basics to make sure you understand the process. Also, gather the information and documents you’ll need to complete an application.

The Basics About Disability Benefits

The SSDI program pays benefits to you and certain family members if you are “insured.” This benefit means ...

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10 Side Hustles of 2021

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Want to make a little extra money? Here are 10 side hustles you can start at any time:

Selling your old stuff online.
Whether it is clothing sitting in the back of your closet or furniture collecting dust, you can sell almost any used item online. Given the numerous platforms, such as eBay, Poshmark, or Craigslist, there is a massive market for used items like clothing, collectibles, furniture, etc. It is an easy way to make ...

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Applying for Expedited Reinstatement

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Expedited reinstatement allows prior entitled beneficiaries whose entitlement ended due to work requiring a benefit reinstatement without filing a new application. If you collected SSDI benefits previously, expedited reinstatement speeds up the process of “restarting” your monthly benefits without having to endure the long wait of a new application.

Who is Eligible?

The Social Security Administration states the eligibility requirements on their website. You are eligible if you meet all of the following criteria:

• Is “not able” or “becomes unable” to work ...

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The Road to Becoming Financially Self-Sufficient

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The Ticket To Work program’s primary goal is to support Social Security Beneficiaries, also know as ticket holders, to become financially self-sufficient. Once achieved, recipients are no longer dependent on benefits.

The Ticket to Work Program gives SSDI recipients a safety net to work without losing their benefits. Beneficiaries can keep their benefits while working towards gainful employment during a 9-month trial work period. In 2021, your earnings must be over $940 each month for it to be considered a trial ...

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