Can you draw social security and unemployment

Most states have laws on the books making adult children responsible if their parents can't afford to take care of themselves. Applying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.

Medicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.

Distinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes. Understand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.

We need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these. Understand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.

We explain the five phases of retirement planning, the difference between a k and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more. Find out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more. Get a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.

Learn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone. Find local attorneys. Most Are Taking Social Security at the Wrong Time A new report finds that almost no retirees are making financially optimal decisions about when to take Social Security and ar Read more. Beware Medicare's Penalties for Late Enrollment For this reason, Medicare imposes fairly significant late-enrollment penalties for those who postpone signing up.

X Need more information? How often would you like to receive Updates? Follow Us: About Us Why Choose Us? Do You Qualify? Resources Blog Locations Contact. Subscribe to Our Blog!

Subscribe Here! Published on: November 18, Contact Us. Understand that any family members who receive benefits based on your record will not be able to do so while your own benefits are suspended. For individuals who need the income now, it could be a "very important lifeline for them," said David Freitag, a financial planning consultant at MassMutual. The agency's offices are currently closed to the public. And while there is help available by phone, individuals with critical issues are taking a priority.

The Social Security Administration's website has an abundance of tips on the ins and outs of retirement benefits. It may also help to use a Social Security calculator to understand how your decision will impact your finances. Skip Navigation. Key Points. More than 16 million Americans have lost their jobs in the last three weeks. People age 62 and up may decide to start collecting Social Security retirement benefits early to plug the income gap.

If you're unemployed and weighing whether to claim now, here's what you need to know before you make your decision. But whether you qualify for unemployment depends on the rules of your state.

VIDEO