The Yetworth Podcast
In the Yetworth Podcast, cohosts (and siblings) Maxwell and Emma Schmitz discuss all things risk management planning. Expect anything from five-minute educational tidbits covering critical illness, disability income, and long-term care themes to longer-form interviews with the best advisors in our business.
The Yetworth Podcast
The Truth About Government Disability Benefits
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Yetworth
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Season 1
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Episode 12
PSA: Only 22% of initial Social Security Disability Insurance claims are approved! That’s essentially a 78% denial rate off the bat!
In this episode, get the facts about government DI benefits. Find out the importance of contextualizing the total maximum benefit which, in the private marketplace, can be millions of dollars (vs. around $75,000 maximum for California’s state disability potential – both programs cost 1-2% of your income!). Get more bang for your buck by looking at the big picture, plus, hear a brief discussion on the concept of universal basic income.