Key Takeaways: Investment risk is determined by various factors, including market volatility, liquidity, and political stability. The higher the risk, the higher the potential reward. Among the different types of investments, stocks are considered to be the highest risk due to their volatile nature. The prices of stocks can fluctuate rapidly due to a wide…
Key Takeaway: The TTIP, or Trans-Atlantic Trade and Investment Partnership, is a proposed trade agreement between the United States and European Union aimed at reducing trade barriers and increasing economic cooperation. The purpose of TTIP is to create jobs, promote economic growth, and strengthen the global economic system by eliminating tariffs, simplifying regulations, and improving…
Key Takeaway: Social Security Taxation is necessary for the sustainability of the Social Security program and to fund retirement and disability benefits. The Social Security tax is calculated based on an individual’s income and can vary based on income level. Exemptions and deductions for Social Security taxation exist, including income thresholds for exemptions and deductions…
Key Takeaway: Social Security is a vital program that provides financial support to millions of Americans, particularly the elderly, disabled, and survivors of deceased workers. The allocation of the federal budget to Social Security has been steadily increasing, and currently accounts for approximately one-quarter of the total budget. While there are concerns about the sustainability…
Key Takeaway: Stansberry Investment Advisory is an investment research and advisory firm that provides independent and unbiased investment advice to its clients. Stansberry Investment Advisory offers a range of investment strategies to its clients, including long-term value investing, income investing, and short-term trading strategies, all of which aim to generate maximum returns on investment while…
Key Takeaway: The Social Security Administration provides a Consent for Release of Information form that must be completed to authorize the release of personal information to third-party entities. When filling out the form, it is important to provide accurate and complete personal information in the designated section and to carefully read and complete the Authorization…
Key Takeaway: The necessary documents for applying for a Social Security Number on F1 visa include a valid passport, Form DS-2019, and Form SS-5. To apply for a Social Security Number, visit a Social Security Administration office, complete the application form, and submit the necessary documents. Be aware of the restrictions on employment, the renewal…
Image credits: retiregenz.com by Adam Duncun Kohl’s policy on social security number Kohl’s Practice regarding Social Security Number: Kohl’s, like many other businesses, may request a customer’s social security number for a variety of reasons. Providing your social security number helps Kohl’s to establish your credit and enable better record-keeping, among other things. It is…
Key Takeaway: The GE Pension Plan provides retirement benefits that are based on an employee’s years of service and earnings. Eligibility for the plan varies based on the employee’s position and length of service. Both the employee and the company can contribute to the GE Pension Plan. Employee contributions are made through pre-tax savings, while…
Key Takeaway: Report loss of your Social Security card immediately: Reporting loss of your Social Security card is important to prevent identity theft and misuse of your personal information. This will also help in taking timely action to safeguard your finances. Ways to report loss of Social Security card: You can report the loss of…
Key Takeaway: Basic Pension Rate is a guaranteed monthly income provided by the Social Security Administration to eligible retirees, disabled workers, and their survivors. The Basic Pension Rate is calculated based on an individual’s Average Indexed Monthly Earnings and Primary Insurance Amount, which takes into account their work history and contributions to Social Security. Benefits…
Key Takeaway: Transferring your pension can be a wise decision if you switch jobs, have better investment options, or retire abroad. It allows you to consolidate your retirement savings and potentially increase your returns. To transfer your pension, first gather information on your current pension plan. Then, research potential new pension providers and initiate the…