Key Takeaway: Government pensions vary depending on the type of pension and the length of service. Social Security Retirement Benefits, Civil Service Retirement System (CSRS), and Federal Employee Retirement System (FERS) are the three main types of government pensions. The calculation of government pensions also varies for each type of pension. Social Security Retirement Benefits…
Key Takeaway: Social Security checks are determined by a variety of factors, including earnings history, age of retirement, and length of employment. The average Social Security check amount varies based on the retirement age of the recipient. For example, the average check amount for those who retire at age 62 is $1,130, while the average…
Key Takeaway: A police officer’s pension amount is determined based on their years of service and average final compensation, according to a benefit calculation formula. There are three main types of police pension plans: defined benefit plan, defined contribution plan, and hybrid plan. The national average police pension amount varies depending on factors such as…
Key Takeaways: Registered Pension Plan (RPP) is a retirement savings plan offered by employers for the benefit of their employees. RPPs are regulated by the Canadian government and must meet specific requirements for eligibility, contributions, and investment options. There are two main types of RPPs: Defined Benefit plans, which provide a predetermined retirement benefit based…
Key Takeaways: Individuals with anxiety disorders may be eligible for Social Security Disability Benefits, which can help provide financial assistance to those who cannot work due to their condition. The amount of Social Security Disability Benefits paid for anxiety disorders varies depending on various factors, including the severity of the anxiety disorder, the individual’s work…
Key Takeaways: A RIF investment is a Registered Retirement Income Fund designed to provide income during retirement. Investors can choose from various investment options such as mutual funds, stocks, bonds, and GICs to maximize their retirement income. RIF accounts offer flexibility to manage tax liability, maximize retirement income, and choose the right investment strategy based…
Key Takeaway: Ethical investment refers to investing in companies and industries that align with personal values and beliefs, such as environmental stewardship, social responsibility, and human rights. There are several types of ethical investment strategies, including positive screening, negative screening, best-in-class screening, and socially responsible investing, each with their own approach to identifying suitable investments….
Key Takeaway: Teachers do not receive Social Security benefits because of state and federal laws that exempt them from paying into the Social Security system. Instead, they are often covered by alternative retirement plans, such as pensions or 403(b) plans. Some teachers may not qualify for Social Security even if they have paid into the…
Image credits: retiregenz.com by Joel Jones Consequences of Not Taking Social Security at Age 70 Social Security benefits can be delayed up to age 70, which can have both advantages and disadvantages. One advantage is increased monthly payments, as benefits increase by up to 8% per year. However, delaying benefits means foregoing potential payments that…
Key takeaway: Eligibility for Social Security Disability for a Minor: In order for a minor to qualify for Social Security Disability, they must have a medically determinable impairment that has lasted or is expected to last for at least 12 months or result in death, and it must have a marked and severe impact on…
Key Takeaways: UBS investment banking provides a range of innovative and diverse products and services, making it an attractive choice for those seeking career growth and development in the financial industry. Its global presence and strong reputation are also reasons to choose UBS investment banking, as it provides access to a broad network of clients…
Key Takeaway: Your investment banking cover letter should grab the attention of the employer, emphasize your unique skills, and show your passion for finance and banking. Research the bank and job position to tailor your cover letter to the specific requirements of the role, and be sure to use specific examples and accomplishments to demonstrate…