Key Takeaway: There are several options to obtain health insurance without a social security number, including private health insurance plans, short-term health insurance plans, health sharing ministries, Medicaid, and Children’s Health Insurance Program (CHIP). Individuals seeking health insurance without a social security number should be prepared to provide proof of residency and identity during the…
Key Takeaway: Investment liquidity refers to how easily an investment can be exchanged for cash. This is an important concept to understand when investing in order to be able to access your money quickly in emergency situations. Factors that can affect investment liquidity include the type of investment, market conditions, and holding period. Some investments,…
Key Takeaways: Age, disability, and income are the primary factors considered for eligibility for VA pension. Applicants must be at least 65 years of age or permanently and totally disabled to be eligible for VA pension. Income and assets must be within certain limits for eligibility, and required documents must be submitted with the application….
Key Takeaway: The average private pension income in the UK varies depending on various factors, including years of service, salary and contributions, and type of pension plan. To increase private pension income, it is important to maximize pension contributions, delay retirement, and invest in high yield assets. An effective strategy is to diversify retirement savings…
Key Takeaway: K1 investment is a type of investment used by businesses to raise funds, typically for operating expenses or expansion plans. It allows investors to participate in the profits and losses of the business, and may offer certain tax benefits. K1 investment has certain characteristics that make it unique, including pass-through tax treatment, which…
Key Takeaway: Social Security benefits may be affected by an inheritance: Inheritance can impact your eligibility for Social Security benefits and the amount you receive in benefits. Required information to report an inheritance to Social Security: To report inheritance, you will need to provide Social Security with information about the type and value of your…
Key Takeaway: An investment company is a business that invests the funds of its shareholders in various securities or other financial instruments for the purpose of generating profits. Investment companies can be classified based on their structure and the types of securities they invest in. To be considered an investment company for tax purposes, a…
Key Takeaway: UPS pension plan is a retirement savings plan that provides financial security to employees after retirement. Eligible employees can benefit from various types of pension plans, including defined benefit and defined contribution plans. The pension plan works by collecting contributions from both the employee and UPS. The amount of contributions can vary depending…
Key Takeaway: Global investment refers to the practice of investing in foreign markets and assets, with the goal of diversifying and growing one’s investment portfolio beyond domestic markets. Types of global investment include foreign direct investment, portfolio investment, and international borrowing and lending. Each type of investment has its own benefits and risks, and it…
Key Takeaway: Blackstone Investment Group is a leading investment firm that provides a range of financial services, including private equity, real estate, and credit. The ownership of Blackstone Investment Group is distributed across its partners, who contribute capital to the firm. The majority of the ownership is held by the founders and senior executives. Blackstone…
Key Takeaway: The Social Security Cost of Living Increase (COLA) for 2019 was 2.8%: Beneficiaries received this increase to their monthly payments in January 2019, reflecting the rise in inflation and cost of living expenses. The COLA is calculated based on the Consumer Price Index (CPI-W): This index measures changes in the prices of goods…
Key Takeaway: Proper envelope addressing is important: Using the correct format and addressing information ensures that your mail is delivered to the correct recipient in a timely manner. Correct addressing of an envelope to Social Security: When addressing an envelope to the Social Security Administration office or the Social Security card center office, include the…