Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) are both programs of the Social Security Administration (SSA). While these programs have some similarities, it is important to realize there is a difference between SSI and SSDI, especially if you are preparing your estate plans and Social Security is a possible factor.
Many consider a key component for retirement planning to be including Social Security in your estate plan, but navigating this federal benefit program can be challenging. This blog covers the basics of this federal government retirement benefit in one of a five-piece overview of benefits for seniors. The first blog covered how to identify and incorporate employment benefits into your estate plan. Here, the focus is on Social Security and estate planning, specifically how Social Security benefits fit into your overall retirement plan.