Key Takeaway: Eligibility criteria for spousal social security benefits include meeting age and length of marriage requirements, as well as current marital status. The benefit amounts for spousal social security benefits can be calculated and may be subject to reductions. When applying for spousal social security benefits, spouses must consider their options and provide required…
Key Takeaway: IRMAA (Income-Related Monthly Adjustment Amount) is an additional charge on top of Medicare premiums that high earners have to pay for Part B and Part D coverage. It affects individuals with a modified adjusted gross income (MAGI) above a certain threshold. IRMAA has a significant impact on Social Security beneficiaries, particularly those who…
Key Takeaway: George Green is a highly accomplished investment banker who has made significant contributions to the industry throughout his career. His early experiences at JPMorgan Chase provided a strong foundation for his later role in leading boutique investment banks. George Green’s significant accomplishments include leading a team that advised on some of the largest…
Key Takeaway: Positive gearing is a strategy in investment property where the rental income exceeds the expenses of the property, resulting in an overall profit. The advantages of positive gearing include increased cash flow, reduced risk, and potential for capital growth. This strategy can also provide tax benefits for investors. To achieve positive gearing, investors…
Key takeaway: Liquidity refers to the ease with which an investment can be bought or sold without significantly affecting its price. Real estate investments, private equity investments, and hedge funds tend to have lower liquidity compared to publicly traded stocks and bonds. Investments with low liquidity offer potential advantages such as higher returns and diversification,…
Key Takeaway: During a recession, there may be a reduction in contributions to the Social Security system. A decrease in the number of workers and their earnings can lead to smaller contributions to the system, which can impact future benefits. In a downturn, there could be a decrease in Social Security benefits. The Social Security…
##Key Takeaways: Key Takeaway: Cash-on-cash return is a ratio used to evaluate the profitability of an investment property. A good cash-on-cash return depends on various factors such as location, property type, and investment strategy, but a return of at least 8% is generally considered ideal. Cash flow is a crucial component of cash-on-cash return and…
Key Takeaway: Social Security benefits are calculated based on a percentage of the worker’s average earnings over their lifetime, not a flat rate. The percentage varies based on the worker’s income level and number of years worked, and can range from 90% to as low as 15%. Social Security is a federal program designed to…
Key Takeaway: Social Security Disability benefits are available for those who are unable to work due to a disability, but eligibility requirements, such as work credits and medical documentation, must be met. The age limit for Social Security Disability benefits depends on various factors, such as the disability onset date, full retirement age, and status…
Key Takeaway: Measuring risk in investment is crucial to make informed decisions. By understanding different types of risks and methods to measure them, investors can minimize losses and maximize returns. Market risk is the risk of price fluctuations in the market or a particular asset. It can be measured through various methods, including historical simulation…
Key Takeaway: A safe investment is one that provides a low level of risk and a reasonable rate of return. It is important to understand the various options available and consider factors such as market volatility, investment duration, and diversification when determining the safest investment option. Market volatility can have a significant impact on the…
Key Takeaway: Selecting the right investment advisor is crucial for the success of your portfolio. A good advisor can help you make informed decisions and achieve your financial goals. Important factors to consider when selecting an investment advisor include their qualifications and certifications, experience and track record, investment philosophy and strategies, communication and accessibility, and…