Key Takeaway: Investment management is the professional management of assets and investments on behalf of individuals or institutions, with the goal of maximizing investment returns while minimizing risk. Investment management functions include portfolio management, risk management, and asset allocation. Portfolio management involves selecting and managing a collection of investments to achieve the investor’s objectives. Risk…
Key Takeaway: A DC pension plan is a retirement plan in which employees contribute a set amount of money into their individual accounts, which is then invested and used to fund their retirement. DC pension plans offer flexibility in investment options, with employees having the ability to choose from various investment strategies and adjust their…
Key Takeaway: Occupational pension refers to a retirement plan that is sponsored by an employer and provides employees with a benefit in retirement. There are two main types of occupational pensions: defined benefit and defined contribution. Defined benefit pensions offer a guaranteed payout in retirement, while defined contribution pensions depend on investment performance and contributions…
Key Takeaway: There are alternative identification documents that can be used to apply for a Cash App card without a social security number. These documents may include a passport or a driver’s license. Another option is to apply for an Individual Taxpayer Identification Number (ITIN) through the Internal Revenue Service. This can be used in…
Key Takeaway: Social Security payment amount is calculated based on your average indexed monthly earnings (AIME) and primary insurance amount (PIA). Understanding these factors is important when assessing your Social Security benefits eligibility and payment amount. Factors that can affect your Social Security payment amount include your income history, retirement age, and marital status among…
Key Takeaway: The US Treasury 303 Social Security Deposit is a direct deposit made by the US Department of Treasury to individuals who receive social security, railroad retirement, or certain other federal benefits. Individuals can identify the US Treasury 303 Social Security Deposit by checking their bank statement for “FSA Treas 310” or “Federal Benefit…
Image credits: retiregenz.com by Joel Arnold Contact the lender and the credit bureaus When you discover that someone has fraudulently used your social security number to obtain a loan, it is crucial to reach out to the lender and credit bureaus immediately. Notify them of the fraudulent activity and request that they freeze your credit…
Key Takeaway: Updating your address with Social Security is important: Failure to keep your address up-to-date with the Social Security Administration may result in delayed or missed payments and may put you at risk for fraud or identity theft. You have multiple options for updating your address with Social Security: You can verify your address…
Key Takeaways: A lump sum settlement is a one-time payment given to an individual instead of receiving payments over time. It is commonly received in cases such as personal injury lawsuits, workers’ compensation claims, or as a result of an inheritance. A lump sum settlement can affect social security benefits by reducing the amount of…
Key Takeaway: Checking your Social Security status is important for ensuring that you receive the correct benefits. There are several ways to check your status, including through your My Social Security account, Social Security Statement, or by requesting a copy by mail or phone. Creating a My Social Security account is an easy and convenient…
Key Takeaway: A Social Security Number (SSN) is a unique identifier issued by the U.S. government. It is essential for various purposes such as government benefits, employment and taxes, and banking and credit. Government benefits such as Medicare, retirement benefits, and disability benefits require an SSN. It is also necessary for employment purposes, to file…
Key Takeaway: PennyMac Mortgage Investment Trust is a real estate investment trust that specializes in investing in residential mortgage loans. The company is listed on the NASDAQ stock exchange under the ticker symbol PMT. The PMT ticker symbol is significant for investors as it provides easy identification of the company’s stock and allows for easy…