Key Takeaways: Claritas Investment Certificate provides a foundational understanding of the global investment industry and financial services. It helps individuals with non-financial backgrounds to develop the knowledge and skills necessary to interact confidently with colleagues and clients. Claritas Investment Certificate benefits those working in roles related to investment and finance, including those in support functions…
Key Takeaway: Medicaid can affect your Social Security benefits: If you are receiving Social Security income and become eligible for Medicaid, your benefits may be affected. This is because Medicaid counts your Social Security income as part of your total income, which can impact your eligibility and the amount of benefits you receive. Medicaid has…
Key Takeaways: Meeting the work and medical requirements is necessary for eligibility for social security disability benefits. Proving the existence and severity of a medical condition is essential for obtaining social security disability benefits, and gathering medical evidence and contacting a disability attorney can increase your chances of success. Appealing denied applications is possible through…
Key Takeaway: Consider your investment goals and risk tolerance when choosing an investment fund. This will help determine which fund type and asset class is best suited for your needs. When evaluating investment funds, pay attention to fund performance and manager experience. Additionally, consider the expense ratio and fees, as well as historical and prospective…
Key Takeaway: Social Security benefits are calculated based on a person’s earnings record, which contains information about their earnings and the Social Security taxes they have paid throughout their working life. The 35-year rule for earnings ensures that a person’s highest-earning 35 years are used to calculate their benefits, even if they have worked longer…
Key Takeaway: Eligibility for social security benefits depend on several factors. These include age, work credits, and disability or survivor benefits. Age-based eligibility for social security benefits begins at an early retirement age of 62, with full retirement age at 66 or 67 depending on birth year. Delaying retirement can result in increased benefits with…
Key Takeaway: 529 investments are a tax-advantaged savings plan designed to help individuals save for higher education expenses, including tuition, fees, books, and room and board. The benefits of 529 investments include tax-deferred growth, tax-free withdrawals for qualified education expenses, and state tax deductions or credits for contributions. There are two types of 529 investments:…
Key Takeaway: Managing your investment portfolio is important to achieve long-term financial goals. It helps to prioritize your investment options, assess risk and returns, and manage the impact of taxes. To manage your investment portfolio, it is important to set clear investment goals, determine your asset allocation, and diversify your portfolio across different investment options…
Key Takeaway: Pension contributions are essential for retirement planning: It’s important to contribute to a pension plan to ensure financial stability during retirement. There are specific deadlines for employee and employer pension contributions: The deadlines vary according to the pension provider and the type of plan. It’s important to keep track of deadlines to avoid…
Key Takeaway: Determining eligibility for Social Security Disability benefits involves meeting both medical and work eligibility requirements, with a focus on proving that a medical condition prevents the individual from earning a substantial gainful income. The Social Security Administration calculates Social Security Disability benefits by using a formula that takes into account the individual’s primary…
Key Takeaway: You can start receiving Social Security benefits as early as age 62, but your benefits will be reduced if you start before your full retirement age. Your full retirement age depends on the year you were born and ranges from 66 to 67 years old. There are earnings limits in place if you…
Key Takeaway: Cities across the United States have reduced pension payments for retirees, causing financial hardships for older Americans who depend on these funds for their livelihood. Some of the cities that have cut pension payments include New York City, Chicago, Detroit, Philadelphia, Dallas, Los Angeles, San Diego, Atlanta, Houston, and Miami. The reasons for…