Broker Check

First Financial Group - Bethesda, MD

Call Us: (301) 907-9030

 

Disability Gap

Understanding your Disability Benefits

One of the most misunderstood and underutilized benefits for Federal Employees is their Disability Coverage. Once qualified, plan participants would receive 60% of their highest three-year average income for one year, and 40% thereafter. One thing that many people forget to factor in, is that disability income is fully taxable. Could you maintain your current lifestyle at 40% of your present pay? Now, subtract what you would pay for taxes. Unless you have other strategies in place to close the gap, it's not a pretty picture. no

Take this quick coverage checkup to see where you stand.