Key Takeaway: Silver investment is risky due to its fluctuating market value, which can result in significant losses or gains. Investment in silver is limited by its lower demand compared to other precious metals, affecting its potential for profitability. High operational costs of silver production and limited potential for profit make silver a risky investment…
Key Takeaway: Understand how to calculate taxable Social Security income: This involves first determining your total Social Security benefits, then calculating your “provisional income” by adding in other sources of income. Depending on your level of provisional income, up to 85% of your Social Security benefits may be taxable. Report Social Security income accurately on…
Key takeaways: Pension de-risking is a strategy that aims to reduce the financial risk and volatility associated with pension plans. Pension de-risking methods include liability-driven investment (LDI), buyouts and buy-ins, and risk transfer. The benefits of pension de-risking include reducing financial risk and volatility, enhancing sponsor creditworthiness, and improving employee confidence and satisfaction; however, there…
Key Takeaway: Canada Pension is paid on a monthly basis, and the payment dates depend on the recipient’s birth date. There are different payment methods available for Canada Pension beneficiaries, including direct deposit, cheque, or prepaid credit card. To be eligible for Canada Pension, individuals must meet age and contribution requirements, which vary depending on…
Key Takeaway: Money market investment is a low risk, short-term investment option that provides high liquidity, making it an ideal choice for investors who prefer stability and flexibility. There are different types of money market investments, such as treasury bills, certificates of deposit, commercial paper, and repurchase agreements, each with its own unique features and…
Key Takeaway: Foreign investment in the United States results in increased capital flow, which can stimulate economic growth and development. Foreign investment can lead to job creation, as foreign companies establish operations in the United States and hire local workers. Technological advancements spurred by foreign investment can improve economic productivity and competitiveness in the global…
Key Takeaway: Long-term investment on Life App is a smart financial decision: Investing in a long-term investment plan on Life App can provide numerous benefits, such as tax benefits and compound interest, and can lead to portfolio diversification. It is important to understand the risks involved and invest regularly to maximize returns. Steps to buying…
Key Takeaway: AIMED Social Security is a program aimed at providing financial assistance and medical benefits to individuals with disabilities in India. The program is designed to help them lead a dignified life and become self-sufficient. The amount of AIMED Social Security benefits is determined by the extent of disability, age, and income of the…
Key Takeaway: Eligibility for Social Security Benefits: As a surviving spouse, you may be eligible for Social Security benefits if you were married to your deceased husband for at least 9 months before his death. If you are divorced, you may also be eligible if you were married to your former spouse for at least…
Key Takeaway: Online courses, investment companies, financial blogs, and books are some of the best sources for bullion investment tutorials. It is important to evaluate each option based on factors such as credibility, suitability for personal needs, and cost and accessibility. Expertise of the instructor, course content and format, and cost and accessibility are important…
Key Takeaways: A Certified Medical Record (CMR) is a legal document that contains a patient’s medical history and treatment information, which is used to make decisions about disability benefits by the Social Security Administration (SSA). The CMR is important because the SSA uses it to assess whether an individual is eligible for disability benefits and…
Key Takeaway: Social Security is a government program that provides financial support to eligible individuals who have reached retirement age or become disabled. It is meant to secure a basic level of income for those who have worked and paid into the system. Medicare is a government program that provides health insurance to eligible individuals…