Key Takeaway: A Representative Payee Report is a document required by the Social Security Administration for individuals who are unable to manage their own Social Security benefits due to physical or mental incapacity. The report details the beneficiary’s income, expenses, and how the payee has managed their funds. This is important for ensuring that payees…
Key Takeaways: The Full Social Security Amount is the maximum amount a person can receive from Social Security benefits, determined by their Primary Insurance Amount (PIA) and retirement age. PIA is calculated using a formula based on Average Indexed Monthly Earnings and years of earnings. A person’s PIA is the amount they would receive if…
Key Takeaway: An activation code is required to create an online account with Social Security, which is necessary to access personal information and manage benefits. There are three ways to obtain an activation code: creating an online account and receiving it instantly, requesting it by mail and waiting up to 10 days, or contacting the…
Key Takeaway: Stock market investments can offer high rates of return: Historically, the stock market has provided an average annual return of around 10%, making it an attractive investment option for those looking to maximize returns. However, it is important to note that the stock market can also be volatile and subject to sudden fluctuations…
Key Takeaway: Washington Real Estate Investment Trust is a publicly traded real estate investment trust (REIT) that primarily invests in properties located in the Washington D.C. metropolitan area. Its symbol, WRE, represents the company’s name and its commitment to providing enduring value to its shareholders and its community through its real estate investments. The symbol…
Key Takeaway: Pro rata investment is a way of calculating an investor’s proportionate ownership in a business or project. To calculate pro rata investment, divide the total amount of money invested by all investors by the number of shares or units available, and then multiply by the number of shares or units owned by the…
Key Takeaway: Social Security benefits in North Carolina are determined by various factors, including the individual’s work history and age at retirement. Calculating Social Security benefits involves factoring in the individual’s highest 35 years of earnings, as well as adjustments for inflation and delayed retirement credits. The maximum Social Security benefit in North Carolina for…
Key Takeaway: Social Security Disability Insurance (SSDI) eligibility requirements include having a medical condition that prevents you from working, having earned enough work credits, and meeting certain age and citizenship criteria. Medical evidence needed to determine eligibility for SSDI includes clinical records, diagnostic test results, and statements from medical professionals regarding one’s ability to perform…
Key Takeaway: The Social Security tax was sponsored by a group of lawmakers from the Democratic Party, led by President Franklin D. Roosevelt and Secretary of Labor Frances Perkins, as part of the Social Security Act of 1935. The tax faced opposition from Republicans and business groups who argued it would discourage job creation and…
Key Takeaway: The Kaiser pension plan provides retirement benefits to eligible employees of Kaiser Permanente. The plan is designed to provide financial security and peace of mind in retirement. Eligibility for the Kaiser pension plan depends on factors such as job title, hours worked, and length of service. Employees should review the eligibility requirements carefully…
Key Takeaway: NFTs are digital assets that use blockchain technology to authenticate their uniqueness, making them valuable and collectible. Investing in NFTs allows individuals to own and trade unique digital assets with potential for appreciation in value. Advantages of investing in NFTs include potential for high returns on investment, diversification of portfolio, and no physical…
Key Takeaway: Getting a Social Security Card in Phoenix AZ requires a few pieces of documentation, such as a birth certificate or passport. It is important to have all required documents before visiting the Social Security Administration (SSA) office to avoid any delays. When obtaining a Social Security Card in Phoenix AZ, one must fill…