Welcome to Allsup’s Online Guide to Personal Finance
The Decision: You Can't Work
Adults with a mental or physical disability face many hardships. Most immediate is the emotional struggle they often feel when – whether at last or suddenly - they have to accept that they can no longer work because of a disability. Much about your life may change as you adapt.
In addition to dealing with your health issues, you worry that you and your family will suffer financially because of lost income and increased health costs. In fact, many people in such cases eventually face bankruptcy or home foreclosure because they can’t get a grip on all their financial problems.
By turning to Allsup, you have already taken the first step towards reclaiming control over your life and re-establishing an income source through your Social Security Disability Insurance (SSDI). With nearly 30 years of experience, we realize that obtaining your SSDI award only solves part of your financial troubles. Losing the ability to earn an income because of a disability, using up your assets during the long wait time for your SSDI award and having high medical expenses can be a long-term recipe for financial disaster.
It's Not Hopeless
However, the situation is not hopeless. Getting through these tough financial times won’t be easy. But you can improve your financial circumstances greatly with careful planning and by knowing about and using all of the potential resources available to you. Allsup is one of those resources.
Allsup is committed to creating opportunities for those with disabilities to lead lives that are as financially secure and as healthy as possible. We call this approach Disability Life Planning. This takes a thorough look at the big picture to understand the financial impact of a disability, your options and resources available to you and, most importantly, doing it as soon as possible.
Get Started Now
To help you get control over your finances and get your life back on track, this Allsup Personal Finance Guide offers some helpful information, tools and other resources specifically designed for those with disabilities – from a company you know you can trust:
- Your New Financial Planning - Increasing cash flow, budgeting and decreasing expenses are the basics of successful financial planning. The quicker you work through these basics, the faster you can get your finances in order.
- Managing Your Healthcare Costs - Paying for medical expenses is a big issue for those with disabilities - both before and after becoming eligible for Medicare.
- Understanding Your Medicare Options - Receiving Medicare benefits is an important part of being awarded SSDI. Find out what your available options are here.
- Managing Your Taxes - Nobody enjoys paying taxes. Doing some basic tax planning, however, may end up saving you money.
- Unclaimed Property - Check out this potentially untapped source of additional income.
- Financial Planning Calculators - Allsup provides you with links to various calculators that can help you with your personal finances.
|Tip of the day: Procrastination is never an option. The sooner you start getting a grip on your finances, the better chance you will have to avoid financial disaster. Although not everyone enjoys dealing with personal finance issues, it doesn’t have to be hard. Allsup has created this Web site to help make things easier for you to understand.|
Allsup would like to know: “What resources are you relying on to meet your financial needs while you await your SSDI award?” Tell us now.