Frixxxx
06-27-2011, 08:04 PM
Ok peeps,
Got a question: For those of you who know, my wife became disabled on the job. We had long term disability insurance, so we receive a check to offset SSI. Now the insurance company called my wife and offered her a buyout which comes to almost 50% of total value.
So the question: Has anybody else seen this and have they countered, have they paid taxes on the income, and do they think it was worth it?
Inquiring minds want to know!
Thanks in advance!
Frixxxxx - your friendly neighborhood TSPTalk Moderator!
Got a question: For those of you who know, my wife became disabled on the job. We had long term disability insurance, so we receive a check to offset SSI. Now the insurance company called my wife and offered her a buyout which comes to almost 50% of total value.
So the question: Has anybody else seen this and have they countered, have they paid taxes on the income, and do they think it was worth it?
Inquiring minds want to know!
Thanks in advance!
Frixxxxx - your friendly neighborhood TSPTalk Moderator!