Key Takeaway: Small risk of loss is a potential decrease in the value of an investment that can be easily absorbed by the investor’s overall portfolio. This risk is generally considered to be insignificant and manageable. Investors should still pay attention to small risks of loss, as they can have an impact on overall investment…
Key Takeaways: Calculating AGI with Social Security involves determining the benefits received, adding other income sources, and subtracting adjustments to income. By accurately calculating AGI, individuals can determine their taxable Social Security benefits and eligibility for certain tax credits and deductions. Married couples filing jointly and those with additional sources of income should take special…
Key Takeaways: Reporting the theft of your social security number is extremely important. Contact the Social Security Administration and call the Federal Trade Commission as soon as possible to prevent any further damage. Monitoring all your accounts is critical to ensuring that additional fraudulent charges are not made. Check your credit reports regularly and alert…
Key Takeaway: Eligibility for spousal benefits: To qualify for spousal benefits, your spouse must be at least 62 years old and have worked for at least 10 years. Additionally, you must be currently receiving Social Security retirement or disability benefits. Amount of spousal benefits: The amount of spousal benefits you and your spouse may receive…
Key Takeaway: TCS stands for Taxable Combination Services, which is a combination of income and benefits that may be subject to taxation under certain circumstances in Social Security. TCS can impact Social Security benefits as it can potentially reduce the benefit amount for those who are subject to taxes on their benefits. To find TCS…
Key Takeaway: Gather all required documents, such as a birth certificate or passport, a driver’s license or state ID, and your previously issued Social Security number if applicable. Download and fill out the SSA-SSN-1 form, providing all required information and signatures. Submit your completed form and documents either by mail or in-person, and await the…
Key Takeaway: A 770 investment account is a type of whole life insurance policy in which money is set aside to generate tax-advantaged savings in addition to a death benefit. The account is funded with after-tax dollars, but grows tax-free and can be accessed before retirement without penalties. The benefits of a 770 investment account…
Image credits: retiregenz.com by Harry Duncun Jobs that require a social security number alternatives This article provides information on available jobs for individuals without a social security number. The following alternatives may be explored: Freelance Jobs: These jobs are not governed by U.S. government regulations, and individuals can work from various locations without a social…
Key Takeaways: Some investment companies specialize in buying junk cars for the most money, providing car owners with a quick and easy way to dispose of their unwanted vehicles. When looking for a company to sell your junk car to, it’s important to consider their reputation and customer reviews to ensure a reliable and trustworthy…
Key Takeaway: IPO, or initial public offering, is the process by which a private company offers its shares to the public for the first time, allowing investors to purchase a stake in the company. Investing in an IPO can potentially provide high returns, as the price of the shares may increase significantly after the company…
Key Takeaway: CIM Investment Banking is a specialized branch of investment banking that provides strategic financial advice, underwriting, and other services to clients in the areas of mergers and acquisitions, debt and equity financing. CIM Investment Bankers help companies navigate complex financial transactions and provide valuable advice on matters such as valuation, due diligence, and…
Key Takeaway: Eligibility for SERS Pension: To be eligible for a SERS Pension, one must have worked in an eligible position for a minimum number of years, typically between 5 and 10 years. SERS Pension Plan Options: SERS offers two pension plan options: a Defined Benefit Plan and a Defined Contribution Plan. The Defined Benefit…