Key Takeaway: Medicare premiums for Parts A, B, and D are typically deducted from Social Security benefits, unless individuals are not receiving Social Security benefits or are enrolled in Medicare Advantage plans. To check their Medicare premiums, individuals can review their Social Security statement or request a letter from Social Security. It is important to…
Key Takeaway: Tracking Social Security quarters is important: Social Security Quarters determine eligibility for retirement, survivor, and disability benefits. It is crucial to keep track of your quarters to ensure you are eligible for these benefits. There are multiple ways to find out how many quarters you have: You can check your Social Security statement,…
Key Takeaway: Getting a Social Security Card in Indiana is important for legal identification and access to government services. Eligibility requirements include having a valid reason for needing a card, such as employment or access to healthcare benefits. The application process for obtaining a Social Security Card in Indiana requires certain documents, including a valid…
Key Takeaway: At age 62, the minimum Social Security benefit is $886 per month in 2020. This amount may vary depending on factors such as work credits, earnings history, and other sources of income. To qualify for Social Security benefits, individuals must have earned a minimum of 40 work credits, with generally 4 work credits…
Key Takeaway: Social Security Disability benefits have an introduction period of five months before they begin, meaning benefits will not be paid for the first five months of disability. The length of disability benefits is determined by the type of benefit received and individual circumstances such as age, work history, and severity of the disability….
Key Takeaway: EPF Pension Contribution is a retirement benefit scheme in India that provides regular income to employees after retirement. It is managed by the Employees’ Provident Fund Organisation (EPFO) and is mandatory for employees earning below a certain salary threshold. EPF contribution consists of two parts: Employee Contribution and Employer Contribution. Both parties are…
Key Takeaway: Trump’s views on Social Security suggest his plans for reform will likely include reducing the program’s growth, addressing disability fraud, raising retirement age, and potential privatization. Reducing the program’s growth is aimed at reducing the financial burden on the government and preserving its long-term solvency. Addressing disability fraud aims to mitigate costs and…
Key Takeaway: Air Force pensions vary depending on the retirement system and individual circumstances. The three types of retirement systems are Final Pay Retirement System, High-3 Retirement System, and Career Status Bonus/REDUX Retirement System. Eligibility for Air Force pension depends on length of service, age, and disability criteria. To receive full pension benefits, members must…
Key Takeaway: Deemed filing for Social Security is a provision that allows certain individuals to receive retirement or spousal benefits while also delaying their own retirement benefits to a later age. Individuals who are at least 62 years old and have a spouse who is receiving Social Security benefits may be eligible for deemed filing….
Key Takeaway: Investment gains and losses over time depend on a variety of factors, including market volatility, economic conditions, and investment diversification. Measuring investment returns requires considering both simple rate of return and compound annual growth rate, as well as accounting for taxes and inflation. Maximizing investment returns involves strategies such as long-term investing, dollar-cost…
Key Takeaways: Short-term investment strategies can include investing in safe haven assets and trading in currency markets. These strategies provide relatively quick returns but may also have higher risks. Long-term investment strategies involve investing in diversified portfolios and real estate. These strategies provide stable returns over time and can also act as a hedge against…
Key Takeaway: Investment custodians play a vital role in the financial services industry by safeguarding and managing assets on behalf of clients, which include pension funds, endowments, and foundations, among others. The services offered by an investment custodian include asset safekeeping, settlement of trades and transactions, corporate action processing, and reporting and record keeping, among…