Key Takeaways: Meeting the definition of disability and work credit requirements are necessary for eligibility for Social Security Disability benefits. When applying for Social Security Disability benefits, it is important to prepare documentation and complete the application process accurately to avoid denial. If a claim is denied, appealing the decision by requesting a reconsideration or…
Key takeaways: Social Security benefits increase after age 62: Waiting until after age 62 to begin taking Social Security benefits can result in a higher monthly benefit amount. The increase in Social Security benefits is based on a formula: The formula takes into account the number of years you worked, your highest earnings, and the…
Key Takeaway: A Social Security Number (SSN) is crucial for employment in the United States, as it is required for employers to report wages and pay taxes on behalf of their employees. Illegal immigrants can obtain employment without a SSN by using fake or stolen SSNs, getting paid in cash, or working for contractors who…
Key Takeaway: Social Security Income (SSI) is a federal program that provides financial assistance to low-income individuals and families who are aged, blind, or disabled, or have limited income and resources. Proof of income from Social Security is important to access government benefits and services, secure loans or credit, and verify income for employment or…
Key takeaway: ROI (Return on Investment) refers to the profit or loss generated by an investment, expressed as a percentage of the initial investment amount. The factors that affect ROI in real estate investment include location, property type and condition, rental income, and expenses and taxes. A good ROI for real estate investment can depend…
Key Takeaways: Obama expanded Social Security benefits: During his presidency, Obama signed into law the largest expansion of Social Security benefits since the 1980s, providing greater financial security for millions of Americans. Obama defended Social Security from budget cuts: Obama consistently opposed attempts to cut Social Security benefits and worked to protect the program from…
Key Takeaways: Investment return refers to the profit or loss earned on an investment relative to its initial cost. It is an important metric used to evaluate investment opportunities and to measure investment performance over time. There are various types of investment returns, including dividend yield, capital gains, interest income, and total return. Each type…
Key Takeaway: Financial analysis is crucial when evaluating a company for investment. It involves examining the company’s income statement, balance sheet, and cash flow statement to assess its financial health and stability. Market analysis is also important in assessing investment opportunities. This involves looking at industry trends and the competitive landscape to determine whether the…
Key Takeaway: Accurate social security benefit estimates are important for retirement planning: Social security benefits are a critical source of income for many retirees, and inaccurate benefit estimates can result in financial instability in retirement. Multiple factors affect benefit estimates, reducing their accuracy: Factors such as changes in laws, work history, and economic factors can…
Key Takeaways: Client onboarding is the process of bringing a new client into an investment bank and ensuring compliance with regulatory requirements. Effective client onboarding is crucial for investment banks to build client relationships and maintain compliance, and involves steps such as KYC and AML compliance, documentation and account opening, and client identification and risk…
Key Takeaway: The concept of pensions has existed since ancient civilizations, where they were primarily used to support military personnel and their families. In Europe, the pension system evolved during the Industrial Revolution and spread throughout the world. In the United States, the Social Security Act of 1935 established a comprehensive pension system. There are…
Key Takeaway: Real estate investment modeling helps investors make informed decisions: By understanding the key indicators of real estate investment and performing sensitivity analysis and optimization, investors can accurately predict returns and identify potential risks. Collecting and analyzing data is crucial to successful real estate investment modeling: Accurate data on factors that impact real estate…