Billy, a similar thing happened to me. My tie-down malfunctioned and the van drove itself into a tree. Like you, I was awarded $250K but received only 100k. It seemed like everybody I ever met had a claim to it. That was still the most money I have ever seen......before or since! Sigh. Poor, broke, and pitiful.
Sent from my iPad Begin forwarded message: > From: Billy Yahoo <blan...@verizon.net> > Date: October 29, 2014 at 10:23:28 AM EDT > To: "ntpgrn...@aol.com" <ntpgrn...@aol.com> > Cc: Larry Willis <lwillis82...@gmail.com>, "quad-list@eskimo.com" > <quad-list@eskimo.com> > Subject: Re: [QUAD-L] Question > > Guys, > > I'm retired (65) this year. Since I left work in 2000 on disability at 70% > tax free pay. My Insurance was paid with after tax dollars which made the > payments to me tax free. So, if my pay was $100,000 I receive $70,000 tax > free, for example. > > You can take any 401k money without penalty as long as you file as disabled. > You will still be subjected to regular tax on the money as income. Your Soc. > Sec. Also is taxed as income if it falls beyond the threshold for the tax > year. > You are disabled automatically if you are receiving SSD. You can save into a > 401K anytime. By gov't do you mean state? Do they want money back from you > from an award or settlement from a lawsuit? That they can and will do. > > I received a settlement from a suit brought against property owners of the > pier I got hurt on. At that time I worked for Chase Manhattan bank. It took > five years to bring the suit to fruition. I used $250k in medical expenses > from insurance. The bank was self insured for their employees ergo it was my > employer who wanted the $250k back. I argued that they were not part of the > suit, had no steak in arguing the suit nor any downside if I had lost in > court. Nope, by law they were entitled to that money back. Now, through > arduous debate back and forth ( they knocked it down to $100k) > > > > Sent from my iPad > >> On Oct 24, 2014, at 19:23, ntpgrn...@aol.com wrote: >> >> Anyone have luck saving in a 401k without the government declaring it an >> assist. For services/care. Although not accessible until a certain age. >> Please advise... >> >> >> Nancy Pritchard >> 802-355-3449 >> Pall Spera Company Realtors, LLC >> PO Box 507 >> Morrisville, Vermont 05661 >> nancy.pritch...@pallspera.com >> >> >> >>> On Oct 24, 2014, at 7:19 PM, Larry Willis <lwillis82...@gmail.com> wrote: >>> >>> Yes, but I am not classified as disabled as long as I qualify for regular >>> retirement. Crazy, I know, but true. >>> >>> Sent from my iPad >>> >>> Begin forwarded message: >>> >>>> Resent-From: quad-list@eskimo.com >>>> From: jume9...@comcast.net >>>> Date: October 24, 2014 at 6:35:43 PM EDT >>>> To: Larry Willis <lwillis82...@gmail.com>, quad-list <quad-list@eskimo.com> >>>> Subject: Re: [QUAD-L] Question >>>> >>>> You qualify for Medicare no matter your age if you are disabled. >>>> >>>> Meredith >>>> >>>> From: "Larry Willis" <lwillis82...@gmail.com> >>>> To: "quad-list" <quad-list@eskimo.com> >>>> Sent: Friday, October 24, 2014 3:29:03 PM >>>> Subject: [QUAD-L] Question >>>> >>>> I have a serious insurance question for you guys. I have private health >>>> insurance through the Kentucky Retired Teachers Assoc. I just learned that >>>> it will pay only 70% for 2015. That leaves a whopping 30% to come from me. >>>> Is it possible or even worthwhile to get a supplemental policy to cover >>>> the 30%? Or do those only apply to Medicare? At age 65 I will switch to >>>> Medicare automatically. I am 62 now. My peeps got any wisdom on this? >>>>
