Key Takeaway: Defrauding Social Security is a serious crime: Social Security fraud refers to the intentional misrepresentation or concealment of information in order to obtain benefits to which you are not entitled. It is a federal crime punishable by both civil and criminal penalties. Civil penalties for Social Security fraud can include fines and restitution:…
Key Takeaway: Investment business is the process of allocating resources, such as money and time, into financial assets that have the potential to generate income or profit. The different types of investment businesses include stocks and bonds, real estate, mutual funds, hedge funds, and commodities. Each type has its own unique characteristics, risk profiles, and…
Key Takeaway: Choose the right legal structure for your investment company: Consider the tax implications, liability protection, and management structure when choosing between a corporation, LLC, or partnership. Understand the regulations and compliance requirements: Familiarize yourself with SEC regulations and maintain compliance to avoid penalties or legal issues down the line. Develop a clear investment…
Key Takeaway: Different types of investments have varying levels of risk and returns: Stocks, bonds, real estate and cryptocurrency are popular types of investments with varying returns. Investors should carefully consider the risks and potential returns of each type before investing. Factors affecting investment returns include risk, timeframe and fees: The level of risk an…
Key Takeaway: To get a social security card in Ohio, you must meet the eligibility requirements and provide required documents such as proof of citizenship or immigration status, identity proof, and age proof. You can apply for a social security card in Ohio online, in person at a Social Security office, or by mail-in application….
Key Takeaway: Social Security has undergone several changes, including changes to eligibility for benefits, maximum earnings subject to Social Security taxes, full retirement age, benefit amounts, disability benefits, and survivor benefits. Changes to maximum earnings subject to Social Security taxes may affect high earners, while changes to full retirement age and benefit amounts may affect…
Key Takeaway: Eligibility criteria: To claim back Social Security tax, you must have overpaid on your earnings for the year. You can check your earnings statement or contact the IRS for more information. Procedure for claiming back Social Security tax: Fill out Form 843 and submit the required documents, such as W-2 forms, with your…
Image credits: retiregenz.com by Adam Arnold Information Available in Public Records Want to access public records on individuals? Check out property, court, and professional license records. These can provide info on social security numbers, contact details, and more. Property records include data on residences and owners. Court records have data on legal disputes and lawsuits….
Key Takeaway: Social Security delayed retirement credits are earned by individuals who delay their retirement beyond full retirement age. This increases their Social Security benefits when they do retire. Delayed retirement credits start accumulating after an individual reaches full retirement age and can continue to accumulate until age 70. Social Security delayed retirement credits are…
Key Takeaway: Remarriage can affect social security benefits for couples. Second marriages may impact spousal benefits and survivor benefits. Couples can consider delaying remarriage until they are older to maximize social security benefits. Spousal benefits may be impacted by remarriage if the new partner is already receiving social security. In this case, the spousal benefits…
Key Takeaways: Changing EBT PIN without Social Security Number requires contacting EBT customer service. You need to provide identifying information and answer security questions to verify your identity. Create a new PIN that is safe and secure, and never share it with anyone. Remember to keep the new PIN safe, change it regularly, and never…
Key Takeaway: Understanding FERS pension: Federal Employee Retirement System (FERS) is a retirement plan for federal employees, which includes a defined benefit pension plan, a thrift savings plan, and social security benefits. How FERS pension benefits are calculated: The FERS pension benefits are calculated based on the employee’s average high-3 salary, years of creditable service,…