Key Takeaway: Social Security Disability beneficiaries are eligible for healthcare insurance through Medicare after a two-year waiting period. Medicare Part A covers hospital expenses, while Part B covers medical expenses. Beneficiaries may also enroll in Medicare Advantage or prescription drug plans for additional coverage. Those who receive SSI may be eligible for Medicaid, which provides…
Key Takeaway: Members of Congress who voted for veterans pension cuts include senators and representatives whose names can be found in the legislative records. These individuals believed that the cuts were necessary to balance the budget and address the increasing costs of veterans’ benefits. Reasons for supporting veterans pension cuts include arguments for fiscal responsibility…
Key Takeaway: Atal Pension Yojana is a government pension scheme launched in 2015 to provide retirement benefits to unorganized sector workers. The eligibility criteria for the scheme includes individuals between the ages of 18-40 years who contribute for a minimum of 20 years towards the scheme. There are two types of accounts available under the…
Key Takeaway: A Regulated Investment Company (RIC) is a type of investment company that is regulated by the Securities and Exchange Commission (SEC) and is designed to provide favorable tax treatment to investors. To be considered a RIC, a company must meet a number of qualifications and requirements, including investing at least 90% of its…
Key takeaway: PRI investment refers to investments made with the goal of generating positive social and environmental impact, in addition to financial returns. This form of investment differs from traditional investing, which focuses solely on financial returns. Before investing in PRI, it’s important to consider the social and environmental impact of the investment, how it…
Key Takeaway: Investment Tax Credit (ITC) is a tax incentive provided by the government to individuals or businesses who invest in renewable energy sources like solar panels and wind turbines. This credit can offset the cost of installing these renewable energy systems, making it more affordable for people to switch to green energy sources. Types…
Key Takeaway: FedEx Pension Plan is a defined benefit plan, providing retirement benefits that are based on an employee’s years of service and highest average earnings. Eligibility for the plan requires you to be at least 21 years old and have completed a year of service with FedEx. The plan also features vesting periods, which…
Key takeaway: Freelancing is a great way to earn money online without investment. There are many freelancing platforms available, such as Upwork, Freelancer, and Fiverr, which allow you to offer your skills and services to clients all over the world. Online surveys are another option to make money online without investment. These surveys allow you…
Key Takeaways: Receiving a lump sum payment can affect Social Security benefits in various ways, including impacting retirement benefits, disability benefits, and survivor benefits. It is important to consider factors such as tax implications, means-tested benefits, and Medicaid eligibility before receiving a lump sum payment. Consulting with a financial or legal expert can help ensure…
Key Takeaway: Structured note investment is a type of investment that combines a traditional bond with derivatives, providing returns based on the performance of an underlying asset or index, while minimizing downside risks. Structured note investment offers customization options, allowing investors to tailor their investments to suit their specific investment needs and goals, such as…
Key Takeaway: Education is key: A bachelor’s degree is the minimum education requirement for becoming an investment banker. A master’s degree in finance, business, or economics may provide a competitive edge in the job market. Gain relevant work experience: To become an investment banker, you will need relevant work experience in the field. Starting as…
Key Takeaways: There are three types of attorney fee arrangements: contingency fees, hourly fees, and flat fees. It is important to choose the right arrangement for your specific case. Criteria for deducting attorney fees include making sure that the fees are related to a Social Security Disability claim, that they are reasonable, and that you…