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?
