Key Takeaway: Capital investment is the allocation of financial resources or resources in the form of intellectual, human, or physical capital, to undertake projects that will yield long-term benefits to the business. There are different types of capital investments, including financial, human, physical, and intellectual. Each type of investment has specific characteristics and can yield…
Key Takeaways: Investing in individual stocks and cryptocurrencies can have the highest risk due to their volatility and potential for high fluctuations in value. Real estate investments, particularly flipping properties, also have a high level of risk due to the unpredictable market and the potential for unexpected expenses. Risk vs. reward analysis is a crucial…
Key Takeaway: The Social Security phone number is a toll-free number that allows individuals to contact the Social Security Administration (SSA) and access their services and benefits. There are several ways to contact Social Security, including by phone, online resources, and in-person visits to a Social Security office. Online resources are a convenient way to…
Key Takeaway: Work credits are the basis for determining eligibility for Social Security benefits, including retirement, disability, and survivor benefits. The number of work credits required for Social Security benefits vary depending on the type of benefit and the age at which you apply. Generally, you need 40 work credits to qualify for retirement benefits…
Key Takeaway: Social Security is a government program that provides financial assistance to retired individuals, disabled individuals, and survivors of deceased beneficiaries. Deductions that come out of Social Security checks include Medicare taxes, Social Security taxes, federal income tax, state taxes, and garnishments. These deductions can vary based on the individual’s income and location. To…
Key Takeaway: The duration of a pension plan depends on various factors, including retirement age, pension payment options, and pension plan rules and regulations. Inflation, investment performance, and pension plan sustainability are factors that can affect how long a pension lasts. It is important to stay informed and actively manage your pension to ensure it…
Key Takeaway: Qualified Default Investment Alternatives (QDIAs) are investment options offered in retirement plans to help employees who are unable or unwilling to choose their own investments. QDIAs are important because they provide a default investment option for those who may not have the time, knowledge, or interest to actively manage their retirement savings. There…
Key Takeaways: Use legal and official resources such as credit reports and tax records to find Social Security numbers to ensure accuracy and legitimacy of the information. Contact the Social Security Administration to obtain a Social Security number for yourself or to verify someone else’s number. Check public records such as birth and death certificates,…
Key Takeaway: Popular majors for investment bankers include Finance, Economics, Business Administration, Accounting, Mathematics, and Engineering. Finance and Economics majors provide a strong foundation for investment banking careers, with courses in financial analysis, investment management, and macroeconomic theory. Other majors, such as Accounting, Mathematics, and Engineering, can also be valuable in investment banking, providing skills…
Image credits: retiregenz.com by Adam Woodhock Forgotten password or username With so many passwords and usernames to keep track of, it’s not uncommon for individuals to forget theirs while attempting to log into their Social Security account. The process of retrieving your credentials is simple, however. To reset a forgotten password or username, select the…
Key Takeaway: Social Security checks are issued on a specific date each month: The day you receive your Social Security check each month depends on your birthday and the type of benefit you receive. This information is available on the Social Security Administration website. Factors like day of the week, payment method, and holidays can…
Key Takeaway: Social Security has transitioned to electronic payments, and paper checks will no longer be sent to recipients. The benefits of electronic payments include increased convenience, enhanced security, and faster access to funds. The deadline for switching to electronic payments was March 1, 2013, but exceptions may be made for those who are unable…