• Submit a Job OPENING
  • Job Board
  • Submit a Press Release
  • Top 40 Law Firms AWARDS
  • Contact
TOP 40 Law Firms
NextGen Leaderboard-728×90-1f
NextGen Leaderboard-728×90-1a
  • Antitrust Law
    • Civil Rights Law
    • Environmental Law
    • Securities Law
  • Business Law
    • Bankruptcy Law
    • Corporate Tax Law
    • Corporation Filings Law
    • Contract Law
    • Entertainment Law
    • International Business Law
    • Mergers and Acquisitions Law
    • Technology Law
  • Bankruptcy Law
    • Business Bankruptcy Law
    • Personal Bankruptcy Law
  • Criminal Law
    • Criminal Defense Law
    • Dui and Dwi Law
    • Federal Criminal Defense Law
  • Employment Law
    • Discrimination Law
    • Harassment Law
    • Social Security Law
    • Social Security and Disability Law
  • Family Law
    • Adoption Law
    • Custody Law
    • Divorce Law
    • Elder Law
    • Nursing Home Abuse Law
  • General Litigation
    • Consumer Protection Law
    • Health Care Law
    • Immigration Law
  • Insurance Law
    • Auto Accident Law
    • Aviation Law
    • Brain Injury Law
    • Disability Law
    • Medical Malpractice Law
    • Motorcycle Accident Law
    • Personal Injury
    • Product Liability Law
    • Special Needs Law
    • Truck Accident Law
    • Work Injury Law
    • Wrongful Death
  • Intellectual Property
    • Copyright Law
    • Patent and Trademark Law
  • Law Guide
    • Arbitration and Mediation Law
    • Estate Planning Law
    • Law Firm Marketing
    • Legal Malpractice Law
    • Wills And Trusts Law
  • Real Estate Law
    • Commercial Real Estate Law
  • SUBMIT A JOB OPENING
  • Job Board
  • Submit a Press Release
  • Display Advertising
  • Contact
  • Become a Law Forum Moderator
  • Top 40 Law Firms AWARDS
Headlines
  • [ April 17, 2021 ] AXEL Announces Joining with The Florida Bar and Launch of AXEL Go… Law
  • [ April 17, 2021 ] Greenberg Traurig Adds Business Litigator Joe Mamounas to Miami Trial… Law General Litigation
  • [ April 16, 2021 ] Opportunity Solutions Project Calls for Democrats to End Unlawful… Law
  • [ April 16, 2021 ] Well-Respected Attorney Dwayne L. Brown Recognized as one of America’s… Law
  • [ April 16, 2021 ] Greenberg Traurig Sponsors Bisnow Digital Summit and Shareholder… Law
HomeSocial Security and Disability LawFlorida Social Security Disability Attorney David W. Magann Discusses Reliance on Social Security Disability for Retirement

Florida Social Security Disability Attorney David W. Magann Discusses Reliance on Social Security Disability for Retirement

March 29, 2017 myadminsite Social Security and Disability Law Comments Off on Florida Social Security Disability Attorney David W. Magann Discusses Reliance on Social Security Disability for Retirement

Tampa, FL (Law Firm Newswire) March 29, 2017 - While the majority of people would consider buying life insurance, few individuals would contemplate purchasing disability insurance. Although Social Security provides some disability insurance, it is restricted.

Social Security disability payments are comparatively small. In 2015, the average monthly disability benefit was just $1,165. But that may be inadequate if it is an individual’s principal source of income.

According to the Social Security Administration (SSA), an individual is disabled if they are unable to work because of a serious medical condition that has afflicted, or is anticipated to afflict, the person for a minimum of one year, or have fatal consequences. It is a requirement that the individual’s medical condition impede their ability to perform work that they previously did, and it has to prevent the person from adapting to other kinds of work.

“Social Security disability, by itself, is insufficient to provide for a person’s retirement,” said noted Social Security disability attorney David W. Magann. “Individuals and their families should explore additional options for supplementing their retirement income.”

Given the perilous state of Social Security, it would be wise not to rely on receiving anything from Social Security one to three decades from now. Since 25 percent of those who are age 20 will suffer a disability prior to attaining retirement age, private disability may be a viable option.

However, one disadvantage of having a plan provided by an employer is that if the employer pays the premiums, the employee will be required to pay taxes on the premiums. But if the employee pays the premiums, the benefits will not be subject to tax. Those who are self-employed can join the Freelancers Union, for which there is no charge to become a member.

Disability insurance policies come with several options. For instance, if a person receives approval for Title II disability benefits, the funds are received after a five-month waiting period following the date on which the person became disabled, possibly longer. For SSI Title XVI, there is no waiting period.

David W. Magann, P.A.
Main Office:
156 W. Robertson St.
Brandon, FL 33511
Call: (813) 657-9175

Tampa Office:
4012 Gunn Highway #165
Tampa, Florida 33618


View Larger Map

See other news sources publishing this article. BETA |

Previous

The Use of Trusts to Lower State Income Taxes

Next

Bigger Law Firm Magazine Now Available on Amazon Kindle

Related Articles

Social Security Law

Erika A. Riggs Recognized by Marquis Who’s Who for Her Dedicated Advocacy to the Disabled

March 17, 2020 myadminsite Social Security Law Comments Off on Erika A. Riggs Recognized by Marquis Who’s Who for Her Dedicated Advocacy to the Disabled

Troy, MI (Law Firm Newswire) March 17, 2020 – Disability Law Group is pleased to announce that attorney Erika A. Riggs has been included in Marquis Who’s Who in American Law. Marquis Who’s Who directories […]

Social Security and Disability Law

On the Campaign Trail, Two GOP Presidential Candidates Share Views on Disability

September 21, 2017 myadminsite Social Security and Disability Law Comments Off on On the Campaign Trail, Two GOP Presidential Candidates Share Views on Disability

Tampa, FL (Law Firm Newswire) June 22, 2015 – Sen. Paul, former Gov. Huckabee comment on entitlement program’s funding problems. As the 2016 presidential election season approaches and more candidates have joined the race for […]

Social Security and Disability Law

Florida Attorney David Magann Comments on UCF Social Security Breach

September 21, 2017 myadminsite Social Security and Disability Law Comments Off on Florida Attorney David Magann Comments on UCF Social Security Breach

Tampa, FL (Law Firm Newswire) March 21, 2015 – A computer system hack at the University of Central Florida has exposed the names and Social Security numbers of 63,000 current and former students and staff. […]

Law Categories

Latest News

  • AXEL Announces Joining with The Florida Bar and Launch of AXEL Go…
    April 17, 2021 Comments Off on AXEL Announces Joining with The Florida Bar and Launch of AXEL Go…
  • Greenberg Traurig Adds Business Litigator Joe Mamounas to Miami Trial…
    April 17, 2021 Comments Off on Greenberg Traurig Adds Business Litigator Joe Mamounas to Miami Trial…
  • Opportunity Solutions Project Calls for Democrats to End Unlawful…
    April 16, 2021 Comments Off on Opportunity Solutions Project Calls for Democrats to End Unlawful…
  • Well-Respected Attorney Dwayne L. Brown Recognized as one of America’s…
    April 16, 2021 Comments Off on Well-Respected Attorney Dwayne L. Brown Recognized as one of America’s…
  • Greenberg Traurig Sponsors Bisnow Digital Summit and Shareholder…
    April 16, 2021 Comments Off on Greenberg Traurig Sponsors Bisnow Digital Summit and Shareholder…
  • Zarwin Baum Announces Success of Zarwin Baum March Madness…
    April 16, 2021 Comments Off on Zarwin Baum Announces Success of Zarwin Baum March Madness…
  • Greenberg Traurig’s Charles Andres Joins Lexis Practical Guidance Life…
    April 16, 2021 Comments Off on Greenberg Traurig’s Charles Andres Joins Lexis Practical Guidance Life…
  • NDB Announces HITRUST Audit, Compliance & Certification…
    April 15, 2021 Comments Off on NDB Announces HITRUST Audit, Compliance & Certification…
  • ACC and Major, Lindsey & Africa Launch 2021 Law Department…
    April 15, 2021 Comments Off on ACC and Major, Lindsey & Africa Launch 2021 Law Department…
  • Spence Labs and Shield Compliance Introduce Integrated Cannabis…
    April 15, 2021 Comments Off on Spence Labs and Shield Compliance Introduce Integrated Cannabis…
  • James Scott Farrin Adds Veteran Attorney Michael B. Eller
    April 15, 2021 Comments Off on James Scott Farrin Adds Veteran Attorney Michael B. Eller
  • Law Street Media Debuts New Outlet for Expert Law and Industry…
    April 15, 2021 Comments Off on Law Street Media Debuts New Outlet for Expert Law and Industry…
  • Catholics for Choice Denounces Racist Policing After the Murder of…
    April 15, 2021 Comments Off on Catholics for Choice Denounces Racist Policing After the Murder of…
  • AXEL Announces Partnership with Florida Bar Association and Launch of…
    April 15, 2021 Comments Off on AXEL Announces Partnership with Florida Bar Association and Launch of…
  • Intelligent.com Announces Best Online Masters In Criminal Justice…
    April 15, 2021 Comments Off on Intelligent.com Announces Best Online Masters In Criminal Justice…
  • Anchor Legal Group Welcomes Jason Head as New Attorney of Counsel
    April 15, 2021 Comments Off on Anchor Legal Group Welcomes Jason Head as New Attorney of Counsel

Find an Attorney

Latest Headlines

  • AXEL Announces Joining with The Florida Bar and Launch of AXEL Go… April 17, 2021
  • Greenberg Traurig Adds Business Litigator Joe Mamounas to Miami Trial… April 17, 2021
  • Opportunity Solutions Project Calls for Democrats to End Unlawful… April 16, 2021
  • Well-Respected Attorney Dwayne L. Brown Recognized as one of America’s… April 16, 2021
  • Greenberg Traurig Sponsors Bisnow Digital Summit and Shareholder… April 16, 2021

Topics of Interest

real estate companies that accept bitcoin - bitcoin real estate listings - work contractor government - buy property in uk with bitcoin - contracts government - homes for sale accepting bitcoin - federal government contract - buy a house with litecoin - government contracts - contract cost direct government - federal government contracting - contract government law - government contracts attorney jobs - how to buy a house with crypto - crypto real estate - government contract vehicles - government contract - government contract attorneys - buy house with bitcoin - bitcoin house - business contract government small - government contracts attorney - real estate accepting bitcoin - buy real estate with crypto - buying real estate with cryptocurrency - how to contract with the federal government - buy a house with bitcoin uk - bitcoin real estate california - buy homes with bitcoin - government construction contract - attorney contract government - federal government contractor - government contract lawyers - us government contract law - government contract law firms
Topics of Interest
buy homes with bitcoin - federal government contract - how to buy a house with crypto - attorney contract government - real estate accepting bitcoin - contracts government - bitcoin real estate listings - work contractor government - how to contract with the federal government - buy a house with bitcoin uk - buy house with bitcoin - federal government contracting - business contract government small - real estate companies that accept bitcoin - government contracts - government contracts attorney jobs - government contract law firms - government contract vehicles - us government contract law - government construction contract - crypto real estate - contract cost direct government - federal government contractor - buy real estate with crypto - homes for sale accepting bitcoin - buy property in uk with bitcoin - government contracts attorney - buy a house with litecoin - buying real estate with cryptocurrency - government contract attorneys - government contract lawyers - bitcoin house - bitcoin real estate california - contract government law - government contract
  • Law

    AXEL Announces Joining with The Florida Bar and Launch of AXEL Go…

    “Keeping client information confidential and secure is paramount for lawyers and legal professionals everywhere, especially with remote working trends and [...]
  • Law General Litigation

    Greenberg Traurig Adds Business Litigator Joe Mamounas to Miami Trial…

    MIAMI (PRWEB) April 16, 2021 Global law firm Greenberg Traurig, P.A. continues the strategic expansion of its Trial Practice and [...]
  • Law

    Opportunity Solutions Project Calls for Democrats to End Unlawful…

    “These coordinated efforts are clearly meant to distract the public from the Biden administration’s assault on the independent judiciary,” said [...]
  • Law

    Well-Respected Attorney Dwayne L. Brown Recognized as one of America’s…

    Being selected by America’s Top 100 Personal Injury Attorneys means so much to me. I always strive to seek justice [...]
  • Law

    Greenberg Traurig Sponsors Bisnow Digital Summit and Shareholder…

    LOS ANGELES (PRWEB) April 16, 2021 Sanford (Sandy) C. Presant, a shareholder and co-chair of the Global Real Estate Funds [...]
Latest Headlines
  • AXEL Announces Joining with The Florida Bar and Launch of AXEL Go… April 17, 2021
  • Greenberg Traurig Adds Business Litigator Joe Mamounas to Miami Trial… April 17, 2021
  • Opportunity Solutions Project Calls for Democrats to End Unlawful… April 16, 2021
  • Well-Respected Attorney Dwayne L. Brown Recognized as one of America’s… April 16, 2021
  • Greenberg Traurig Sponsors Bisnow Digital Summit and Shareholder… April 16, 2021
  • Zarwin Baum Announces Success of Zarwin Baum March Madness… April 16, 2021
  • Greenberg Traurig’s Charles Andres Joins Lexis Practical Guidance Life… April 16, 2021
  • NDB Announces HITRUST Audit, Compliance & Certification… April 15, 2021
In the Spotlight

Opportunity Solutions Project Calls for Democrats to End Unlawful…

“These coordinated efforts are clearly meant to distract the public from the Biden administration’s assault on the independent judiciary,” said [...]

Copyright 2017 Top 40 Law Firms