Key Takeaway: If you have lost your Social Security card, the first step is to request a replacement as soon as possible. This can be done online, by mail, or in-person, and requires gathering the necessary documents. It is important to protect your identity if your Social Security card is lost or stolen. This includes…
Key Takeaway: IUL (Indexed Universal Life) investment is a type of permanent life insurance that offers tax-free growth potential, lifetime coverage, and investment flexibility. IUL investment differs from traditional universal life insurance in that it is linked to major stock market indices, allowing for higher participation rates in market gains and protection from market losses….
Key Takeaway: The level of private investment is influenced by various factors, including the macroeconomic environment, government policies, business environment, and investor sentiment. The macroeconomic factors that influence private investment include interest rates, inflation rates, and exchange rates. These factors affect the cost of capital and can impact investment decisions by businesses and individuals. Government…
Key Takeaway: The Investment Advisers Act of 1940 is a federal law that regulates how investment advisers operate and provide advice to clients, with the goal of protecting investors from fraudulent and deceptive practices. Investment advisers are required to register with the Securities and Exchange Commission (SEC) or state agency, and disclose information about their…
Key Takeaway: Research the company’s credentials: Before investing, conduct research on the investment company to ensure it is reputable. Look for information on the company’s background, history, and management team. Verify the company’s registration and licenses: Make sure the investment company is registered with a regulatory authority such as the SEC and that it has…
Key Takeaway: Nomura Investment Bank offers a range of advantages to clients. It has a global presence and expertise in key markets, allowing clients to access a wide range of financial services. Nomura Investment Bank provides diversified services and products to meet the specific needs and goals of its clients. They also offer innovative technology…
Key Takeaway: Social Security benefits are calculated based on lifetime earnings record, age when benefits begin, and filing status. These factors determine the primary insurance amount (PIA), which is the base amount of Social Security benefits a person can receive. Benefit adjustments, such as cost-of-living adjustments and earnings limits, can increase or decrease the amount…
Key Takeaway: Social Security helped reduce poverty and provide welfare for the elderly in Georgia during the Great Depression. This allowed for a basic standard of living for those who were struggling the most. Social Security increased employment opportunities in Georgia during the Great Depression by creating jobs in the public sector and in related…
Key Takeaway: A pension is a retirement plan that provides a fixed income to retirees based on years of service, salary history, and type of plan. Pensions are important in the US, as they provide financial security for retirees and help alleviate the burden on social safety net programs. The amount of a pension is…
Key Takeaway: To be eligible for Medicare, individuals must have worked long enough to earn a certain number of credits or have a medical condition that qualifies them for Social Security Disability Insurance (SSDI). If you are approved for SSDI, there is a 24-month waiting period before you become eligible for Medicare coverage. To enroll…
Key Takeaway: An HSA investment account is a tax-advantaged savings account that allows you to save money specifically for healthcare costs. Some of the key features of an HSA investment account include tax benefits, eligibility requirements, contribution limits, and investment options. Benefits of an HSA investment account include long-term savings potential, flexibility in how funds…
Key Takeaways: Personal identification questions are asked to verify identity and eligibility for Social Security benefits. Questions about work history and income-related questions are used to determine benefit amounts. Questions about disability or health condition and family members/dependents are asked to assess eligibility for certain benefits. It is important to gather necessary documents and information,…