Retro Pay Question: Overpayment?

[RonS]

So, I'm pretty new at this. from start to finish, and last Friday, the VA marked my claim completed. Great! Now I wait for the retro and first payment.

So, by VA math, my claim initiated on 10MAR2015, and I should get 3 months of retro, right? So at 60% with 2 kids under 18 and a spouse, my monthly payment should be $1275.09 a month, and the retro payment should be $3825.27, right?

Well, to get on with the point, this morning I received a direct deposit of $xx,xxx.75.

How do I contact the VA to find out if this is correct? Because as we all know, what the .gov gives, the .gov takes away as well.......

Edited June 30, 2015 by RonS

[RonS]

I know every family and spouse is different. I had a similar size retro as you. i took half of the total award and put it away. half of the savings i went and bought some gold silver (great time right now btw) and took the other half as cash and put both in a safety deposit box no one but me knows about. This is not because i dont trust my wife/family, but i wanted this to be a unknown ultra ultra safety net for the family. We have regular savings for emergencys, but i wanted this to be if something very bad happened and we had to fall back even farther we had a even larger chunk of change that the magic fairy would give us in those most extreme cirucmstances. It is a good time to do that right now, more than likely you will not see a huge huge chunk of cash fall into your lap again.

This is good advise. I took it and paid off debt. I didn't have much, but it was enough to weigh on me a bit.

I buy silver at least once a month and have been piling that up as well as lead. I will probably buy a little more this week, it was down again today.

The rest is in an account. My wife and I have separate finances (extremely long story, but it's for the best), so she does not have access to it.

What insurance are you talking about??? If you were just awarded a new disability, you have 2yrs to get the VA life insurance.pr

This is a good question. I had filed for health benefits (?) a few years ago. It was to be able to use the VAMC with a co-pay, but I made too much money/had too much in savings at the time I guess, because I was denied. I have the letter somewhere.....

Thank you everyone for the good karma. This site is invaluable!

[georgiapapa]

Ron,

Please consider a donation to the Hadit website. TBird relies on the generosity of Hadit members to keep this website up and running. Donations are not tax deductible but the info on the Hadit website frequently helps veterans and their families receive VA benefits.

GP

[RonS]

Ron,

Please consider a donation to the Hadit website. TBird relies on the generosity of Hadit members to keep this website up and running. Donations are not tax deductible but the info on the Hadit website frequently helps veterans and their families receive VA benefits.

GP

Already looking into it.

Edited to add: donation made.

Edited July 1, 2015 by RonS

[georgiapapa]

Thank you Ron.