Key Takeaway: Understanding your pension plan is crucial to estimating the amount you will receive after 15 years. Different pension plans have varying rules and benefits, so it is important to know the specifics of your plan. Factors affecting your pension amount include your years of service, salary history, and age at retirement. By calculating…
Key takeaway: IUO investments are an alternative way for individuals to invest in real estate, debt, or equity without actually owning the underlying asset. The benefits of IUO investments include diversification, potentially higher returns, and access to professional management, while the risks include lack of liquidity, uncertainty of returns, and potentially high fees. To invest…
Key Takeaway: Claim adjusters need your Social Security number to confirm your identity, verify your insurance coverage, and process your claim. It is a standard practice in the insurance industry. Claim adjusters are legally required to protect your sensitive personal information and follow state and federal laws regarding the use and storage of Social Security…
Key Takeaway: Updating your address on Social Security is important: It ensures that you receive your benefits on time and avoid potential complications or fraud associated with outdated information. There are various methods to change your address on Social Security: You can do it online, by phone, or in person. Each method requires certain documents,…
Key Takeaway: An illiquid investment refers to an asset that cannot be easily sold for cash without incurring a significant loss or a long waiting period. Common examples of illiquid investments include real estate, private equity, and collectibles. The factors that make an investment illiquid include low trade volume, longer time to sell, and limited…
Key Takeaway: Social Security benefits increased by 1.7% for 2015: This percentage increase was based on the Cost of Living Adjustment (COLA) formula, which takes into account changes in the Consumer Price Index (CPI). The dollar amount increase varied by individual: The actual dollar amount increase for Social Security beneficiaries in 2015 depended on their…
Key Takeaway: Research and understand different investment options: Before making any investment, it’s crucial for beginners to research and understand different investment options available in the market, including stocks, bonds, mutual funds, ETFs, and more. This will help them make informed decisions and minimize any potential risks. Diversify your investment portfolio: Diversification is one of…
Key Takeaway: Home Equity Investment is a way for homeowners to unlock the value of their home by selling a percentage of the home’s future value to an investor in exchange for a lump sum payment. This can be a good option for homeowners who need access to cash but want to avoid taking on…
Key Takeaway: Social Security Part D provides prescription drug benefits to eligible individuals enrolled in Medicare. This program helps cover the cost of prescription drugs and can provide significant savings on out-of-pocket expenses. To be eligible for Social Security Part D, individuals must be enrolled in Medicare Part A and/or Part B. The eligibility criteria…
Key Takeaways: The symbol of Arlington Asset Investment Corp is AI. Arlington Asset Investment Corp is a publicly traded investment firm that specializes in mortgage-backed securities and other financial assets. The symbol for Arlington Asset Investment Corp can be found on financial websites or by checking with your broker. Knowing the symbol is important for…
Key Takeaway: A state pension can be accessed when a person reaches their State Pension age. This age can vary depending on when a person was born, but is generally between 65 and 68 years old. There are two types of state pensions: the Basic State Pension and the New State Pension. The age requirements…
Key Takeaway: Eligibility Requirements for Applying for Social Security in Oklahoma include being at least 62 years old, being disabled, or being a surviving spouse or child of a deceased worker. Social Security also considers your work history and earnings. Documents Needed to Apply for Social Security in Oklahoma include your Social Security number, birth…