A disease like Parkinson’s can greatly impact personal finances

Posted: 04/30/2012

The financial impact of a disease such as Parkinson’s can be huge.  Such diseases may render you unable to work, according to Patch.

Most of us know to work and save for college for our kids and to save for retirement for ourselves, but few of us plan for a disabling disease or for a disability that makes us unable to work.

The sudden loss of income and mounting medical bills associated with such diseases could lead to home foreclosure or bankruptcy. Read more »

Social Security numbers almost leaked

Posted: 04/27/2012

Copies of disks including records for 13 million Texas voters were handed over to the opposing lawyers in the Texas voter ID case, reports My San Antonio. Half of these records inadvertently contained full Social Security numbers.

The voter ID case is a pending law that would require Texas voters to show government-issued photo identification before casting ballots.

Texas was ordered to give the lawyers challenging the voter ID law a voter database for analysis, and that is when the Social Security numbers’ slip occurred. Read more »

Part 2: 4 steps to handling personal finances when a disability occurs

Posted: 04/25/2012

Today nearly 153 million workers are insured by Social Security Disability (SSD). If you are one of them, Market Watch cites these two (of four) steps that you should take to prepare:

(3) Consider your income sources, including SSD and long-term disability. If you have long-term disability coverage, the benefits usually begin three to six months after the onset of a disability.

Through the FICA taxes that you have paid, you may be eligible for SSD benefits. Read more »

Terre Haute Man Faces Charges After Crashing Stolen Car

Posted: 04/25/2012

April 25, 2012

The Centers for Disease Control and Prevention claims that 68 percent of U.S. children killed in alcohol-related crashes between 1997 and 2002 were passengers of the drunk driver. Also, 68 percent of the drunken drivers involved in these crashes survived, which suggests that some of the children might also have survived if they were wearing a seatbelt.

For instance, a 44-year-old Terre Haute, Indiana man was arrested Friday for DUI after crashing a stolen vehicle into a parked car while driving with two young girls in the vehicle with him. Read more »

Part 1: 4 steps to handling personal finances when a disability occurs

Posted: 04/23/2012

Planning for a life-altering disability isn’t always at the top of the priority list. But, when you’re diagnosed with a disabling condition, you just might need a plan.

According to Market Watch, here are the first two of four steps that people with serious health conditions should take:

(1) Develop a financial plan. Establish a budget and prioritize expenses. Figure out how to spend down your assets in the least harmful ways because using retirement income may trigger penalties, and charging to credit cards ultimately adds financial charges. Read more »

Part 2–10 things to prevent identity theft

Posted: 04/20/2012

The news is that Social Security benefit deposits are going totally electronic by March 2013, so you need to know that Social Security direct deposit theft is on the rise, according to Market Watch. Let’s not make it easy for thieves to steal our identities!

Here are five more tips for you to use to avoid identity theft and Social Security benefit theft specifically:

(6) Use a credit monitoring service. Read more »

Part 1: 10 ways to prevent identity and Social Security theft

Posted: 04/18/2012

Even though Social Security Administration is going completely electronic, you still need to be careful and know that Social Security direct deposit theft is on the rise.

Here are the first five things that Market Watch says you can do to prevent identity theft and to prevent a stolen Social Security deposit:

(1) Keep your purse and wallet with you always. Do not leave them in the car to allow thieves to break in and steal your important information. Read more »

Reports Find Causes For Indiana State Fair August Stage Collapse

Posted: 04/18/2012

April 18, 2012

Reports from two separate firms hired to investigate the August 13 stage collapse at the Indiana State Fairgrounds site have been released. According to WTHITV 10 News, both reports found that the structural integrity of the stage was inadequate for the conditions that evening.

The reports said the stage was built to withstand wind gusts of 25 to 43 mph. Scott Nacheman, vice president for engineering company Thornton Tomasetti, stated that experts estimated that a maximum wind gust of 59 mph was experienced the night the stage and the rigging above it collapsed. Read more »

No more checks in the mail!

Posted: 04/16/2012

Staring next year by March 2013, checks will no longer be issued and mailed to the millions of people who receive government benefits, reports RecordPub.com. This action is mandated by a Treasury rule issued in December 2010, which affecting people who get Social Security and federal disability payments.

To save the government about $120 million a year, the federal government is phasing out its paper checks for all benefits programs and requiring people to get payments electronically. Read more »

Planning and preparing for a possible disability

Posted: 04/13/2012

The Social Security Administration (SSA) tells us that a 20-year-old worker has about three in 10 chances of suffering a disability before reaching retirement age. That’s why it’s important for people to plan financially for a disability while they are still working, according to The Wall Street Journal.

The Journal suggests that, ideally:

(1) Consider long-term disability (LTD) coverage. “If your employer offers long-term disability coverage, consider enrolling,” a personal financial planning director advised. Read more »