Assuming Social Security Disability (SSI or SSDI) pays $1000 a month (please correct me if I'm wrong here).....Which would you rather win:
A). $390,000 in cash RIGHT NOW
or
B). Be awarded Social Security Disability benefits for the rest of your life (assume you will never lose them!)|||Dont know how much he has paid in Social Security but my benefits would be $1900.00 a month times 12 months = $22,000 times 32 years = $729,620!!!! I would liquidate my assets put money in spouses account (or a trusting persons) account!!
OR
take $390,000 put in high interest account times .08 is $31,200 times normal tax rate .75 = $23,400.
So he ain't gonna get rich either way.|||I would take the $390,000 now, as I will never reach that amount on what I make now.!
Of course your brother is 43 years old and you do not state what his expenses are and how much longer he will live( if only we could know). You will have to find out what his payments would be per month under SSDI and where he would be better off .|||I don't want social security disability cause I am not socially disabled, nor would I want any money for it right now.|||The cash, but I am a great investor.|||$390K. Heute, bitte.|||The cash, so I can actually go out and work|||i'd take the money, but that's just me
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