Key Takeaway: Investment farming involves purchasing farmland with the purpose of generating income and capital appreciation. The purpose of investment farming is to generate returns on investment by using the land to produce crops, livestock, fisheries, or forestry products. Investment farming can be a great way to diversify your investment portfolio and provide steady returns….
Key Takeaway: Setting up an online Social Security account is easy and provides access to information on Social Security credits and benefits. To check Social Security credits online, navigate to the “Earnings Record” section of your online account and review the information provided. This will include information on your earnings history and credits earned over…
Key Takeaway: There are various types of assets for investment, including stocks, bonds, real estate, and commodities. Understanding the benefits and risks associated with each type can help refine investment choices by asset type. Refining investment choices by asset type can lead to more effective diversification and a better alignment with investment goals. It can…
Key Takeaway: Social Security benefits are meant to provide financial assistance to retirees, survivors, and those with disabilities. Unfortunately, some individuals pass away before they can collect any benefits. In 2020, there were approximately 526,915 individuals who died before they could collect Social Security benefits. The most common causes of death were heart disease, cancer,…
Key Takeaway: Investment multiples determine the time it takes for an investment to triple: Understanding investment multiples, which are the factors influencing the return on investment, is crucial when considering how long it will take for an investment to triple. Time period, interest rate, and annual compounding period are key factors to consider. Time period…
Key Takeaway: Pension theft is a real and serious problem: Pension theft is when a person’s pension is taken or misused without their knowledge or consent. It is a growing problem that affects many people across the world. There are various ways that pension theft can occur: Pension theft can occur through employee fraud, employer…
Key Takeaway: Having a pension can affect your Social Security benefits through the Windfall Elimination Provision (WEP) or the Government Pension Offset (GPO). The WEP reduction is based on a formula that lowers your Social Security benefit by a certain percentage depending on your number of years of substantial earnings outside of Social Security-covered employment….
Key Takeaway: BEC-Apply-UI Social Security is a program that provides social security benefits to eligible individuals. The benefits of BEC-Apply-UI Social Security include protecting personal data and accessing government services more easily. To be eligible for BEC-Apply-UI Social Security, applicants must meet certain criteria and follow the application process outlined by the government. Are you…
Key Takeaway: Investment bankers make an average salary of around $100,000 to $150,000 per year, depending on factors such as location, company, and experience level. Their bonuses can also be substantial, often ranging from 50% to 100% of their base salary, depending on performance and company profitability. Investment bankers also receive a variety of benefits,…
Key Takeaway: Social Security tax is a federal tax that helps fund retirement, disability, and survivor benefits for eligible individuals in Texas. In Texas, the Social Security tax rate is 6.2% for employees and employers, with a maximum wage base of $142,800 in 2021. Self-employed individuals also pay a 12.4% Social Security tax on their…
Key Takeaway: An investment vehicle is a financial instrument that allows individuals to invest their money for a potential return. There are various types of investment vehicles, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs), options, and futures. Each investment vehicle comes with its own risks and potential rewards. When…
Key Takeaway: Payroll taxes are the primary source of revenue for Social Security: Employers and employees contribute to Social Security through payroll taxes, which are automatically deducted from employees’ paychecks. These taxes make up about 89% of the Social Security Trust Fund’s revenue. Self-employment taxes also contribute to Social Security: Self-employed individuals must pay both…