Key Takeaway: Cross border investment refers to the investment made by an entity in a foreign country. Cross border investment is important because it allows for diversification of investment portfolios, access to new markets, and the potential for higher returns. The types of cross border investment include direct investment, portfolio investment, acquisition of a foreign…
Key Takeaway: Investment partnership is a type of business structure where two or more individuals pool their resources together to invest in a business venture. There are three types of investment partnerships: Limited Partnership, General Partnership, and Limited Liability Partnership. Each has its unique characteristics and benefits. An important characteristic of investment partnership is joint…
Key Takeaway: Drawdown pensions allow individuals to withdraw money from their pension fund while keeping the remainder invested, providing flexibility in retirement income. Eligibility for drawdown pensions may vary depending on age and pension plan. To set up a drawdown pension, individuals must choose an investment portfolio that matches their risk tolerance and retirement goals….
Key Takeaway: Social Security COLA (Cost of Living Adjustment) for 2020 increased by 1.6%, providing an average increase of $23 per month for recipients. The increase in Social Security benefits may be offset by an increase in Medicare premiums, which are based on income and can vary widely. Tax implications for the COLA increase depend…
Key Takeaway: Insufficient funding and population changes are major issues with Social Security. These need to be addressed in order to ensure the system’s sustainability. Possible solutions include raising the retirement age, increasing taxes, and reducing benefits. Each option has its own pros and cons, and a balanced approach is necessary. Public perception of Social…
Key Takeaway: RS-DI stands for Retirement, Survivors, and Disability Insurance, a program that provides financial assistance to individuals who are unable to work due to a disability or retirement. To be eligible for RS-DI, individuals must meet the Social Security Administration’s definition of disability, which includes strict criteria regarding the nature and severity of the…
Key Takeaway: Qualifying for benefits: To receive Social Security survivor benefits, you must meet certain eligibility criteria, including the length of your marriage, your age, and your spouse’s work history. These factors impact the amount of benefits you may receive and when you become eligible for them. Additional benefits: In addition to survivor benefits, surviving…
Key Takeaway: Creating a Social Security account is the first step to getting a Medicare number from the Social Security website. It allows you to access various services offered by Social Security online, including applying for Medicare benefits. After creating an account, you can apply for a Medicare number by following the step-by-step instructions provided…
Key Takeaway: Alternative paths to investment banking for private equity include consulting, joining a boutique private equity firm, or working in a corporate development role. These paths can provide valuable experience and skills that are transferable to private equity. Developing key skills for private equity is essential, such as financial analysis and modeling, deal structuring…
Key Takeaways: Underwriting in investment banking refers to the process of raising capital for companies by issuing securities such as stocks or bonds, and ensuring they are sold to investors. The role of underwriting includes assessing the creditworthiness and investment potential of a company, determining the appropriate securities to issue, and setting the price and…
Key Takeaway: Eligibility requirements for getting a new Social Security card include meeting age and citizenship criteria and having the necessary documents on hand. There are two ways to apply for a new Social Security card: in-person application process or online application process. Both options require specific documents to be submitted. To expedite the process…
Key Takeaways: Social Security Raise for 2018: The Social Security Administration has announced a 2% increase in benefits for Social Security and Supplemental Security Income recipients in 2018, the largest increase since 2011. Impact on Cost-of-Living Adjustment: The 2% increase is expected to offset the rising cost of living for beneficiaries, particularly in areas such…