Key Takeaway: A SERP Pension, or Supplemental Executive Retirement Plan, is a retirement benefit offered by some employers to top-level executives as a way to provide additional retirement income beyond what is provided by traditional retirement plans. There are two types of SERP Pensions: Defined Benefit, which provides a guaranteed retirement income based on a…
Key Takeaway: OJ Simpson had a successful NFL career: OJ Simpson played in the NFL for 11 seasons and was a six-time Pro Bowler. He is best known for his record-breaking 1973 season, where he rushed for over 2,000 yards. OJ Simpson is eligible for an NFL pension: NFL players are eligible for a pension…
Key Takeaway: The Australian pension is a government-funded financial support system for eligible individuals who have reached retirement age, have a disability, or care for someone with a disability. There are three main types of Australian pension: Age Pension, Disability Support Pension, and Carer Payment. Each type has different eligibility criteria and payment rates. Payment…
Key Takeaway: Investment Banking WSO is a platform that provides comprehensive resources for those interested in pursuing a career in investment banking. It offers a wealth of information on the industry, the roles and responsibilities of investment bankers, and the skills and qualifications required to excel in this field. Using the Investment Banking WSO platform…
Key Takeaway: Social Security identity theft is the fraudulent use of someone’s Social Security number to obtain goods or services. This crime can compromise sensitive personal information and cause significant financial damage. Common types of Social Security identity theft include employment-related identity theft, government benefit theft, and account takeover. These types of theft can result…
Key Takeaway: Owning an investment property affects taxes in several ways, including rental income tax, property tax, depreciation tax benefits, mortgage interest tax deduction, and capital gains tax on sale. When owning an investment property, it is important to consider factors such as the type of property owned, rental income and expenses, capital gains and…
Key Takeaway: Social Security is a federally run program that provides retirement, disability, and survivor benefits to eligible individuals. Employees and employers both contribute to the fund through payroll taxes, making it an important part of the American social safety net. In 2012, the Social Security tax rate for employees was 4.2% of their taxable…
Key Takeaways: Investing in a house can be a bad investment due to the limited liquidity. Selling a house quickly can be problematic and time-consuming, tying up capital for long periods of time. The high transaction costs associated with buying and selling a house can eat into potential profits, making it an unattractive investment option….
Key Takeaway: Investment risk is an important factor in variable life insurance products: Understanding the types of investment risks involved and their impact on policyholders is critical to making informed decisions about investing in these products. The insurer bears a significant portion of the investment risk in variable life insurance products: This includes managing the…
Key Takeaway: As of 2016, the basic state pension for individuals who meet the eligibility criteria is 119.30 per week. This amount increases based on individual circumstances and contributions, such as receiving additional state benefits or having made voluntary national insurance contributions. To be eligible for the basic state pension, individuals must have reached the…
Key Takeaway: Preferred equity investment is a form of financing where investors receive preferential treatment over common stockholders, including fixed dividend payouts and seniority in case of bankruptcy. This makes it an attractive option for companies looking for funding without sacrificing control. Preferred equity shares can also be convertible into common stock, providing flexibility for…
Key Takeaway: Identify your target audience: Understand the demographics and analyze the market to determine who your ideal clients are. Build an online presence: Design a professional website and utilize social media platforms to reach potential clients. Network and encourage referrals: Establish relationships with other lawyers and encourage referrals from current clients to expand your…