Key Takeaways: HELOC is a flexible option for buying investment property: With HELOC, you can borrow against your home equity, giving you access to funds for buying investment property. This is a great option for investors who want flexibility in using their funds. Lower interest rates than traditional loans: One of the key benefits of…
Key Takeaway: A Widow’s Pension is a benefit offered to widows and widowers who have lost their spouse and are in need of financial assistance. It is a source of income that helps them maintain their standard of living after the loss of their spouse. Eligibility for Widow’s Pension varies depending on a number of…
Key Takeaway: A birth certificate or passport and parent’s identification are required to get a replacement social security card for a child. To fill out the form, you can either download or complete the online Form SS-5 and provide all necessary information. The application can be submitted by mail or in person at a Social…
Key Takeaways: Social security is a government program designed to provide financial security for retired and disabled workers and their families. Social security contributions are typically reflected on a pay stub as a deduction from an employee’s gross pay, alongside other taxes and benefits. Understanding social security deductions requires knowledge of how they are calculated…
Key Takeaway: An account-based pension is a retirement income stream that provides regular payments from an individual’s superannuation account. It is a popular choice for those who are retired or approaching retirement age and want to use their superannuation savings to fund their retirement. To be eligible for an account-based pension, an individual must have…
Key Takeaway: Bitcoin mining investment involves using powerful computers to solve complex mathematical algorithms and validate transactions on the blockchain, for which miners earn rewards in the form of bitcoins. Bitcoin mining provides several benefits, such as low transaction fees, a decentralized system, and profit potential due to the limited supply of bitcoins. This makes…
Key Takeaway: There are multiple ways to find the location of a social security drop box, including searching online for nearby social security offices, contacting the social security administration directly, and requesting specific drop box locations for submitting documents. When using a social security drop box, it is important to ensure that all necessary documents…
Key Takeaway: The Social Security Exempt Amount is the maximum amount of earnings an individual can make without affecting their Social Security benefits. The Social Security Exempt Amount is calculated annually based on specific criteria, including age and disability status. For 2021, the Social Security Exempt Amount is $18,960 for individuals who have not reached…
Key Takeaway: Recording investment in another company on the balance sheet is important to accurately depict the financial position of the investing company. It can also impact the company’s financial ratios and stock price. The accounting standards for recording investment in another company depend on the type of investment and the level of control exercised…
Key Takeaways: Foreign Portfolio Investment (FPI) refers to investment made by foreign investors in the stock, debt, or other financial assets of a country other than their own. There are various types of FPI, including equity securities, debt securities, mutual funds, and exchange traded funds (ETFs), each with its own risks and potential returns. The…
Key Takeaway: Appraisal forms for investment properties are used to determine the value of a property for buying or selling purposes. These forms provide an estimate of the property’s market value and help investors make informed decisions. There are three types of appraisal forms used for investment properties: sales comparison approach, cost approach, and income…
Key Takeaway: Sully, a pilot who famously landed a plane on the Hudson River in 2009, lost his pension due to his involvement in a labor dispute with his former employer, US Airways. An investigation found that Sully had participated in a work slowdown, which violated the Railway Labor Act and led to his termination….