Key Takeaways: Cash advance apps are available for those who have social security as their income source, including apps such as CashNetUSA, MoneyLion, Brigit, Dave, and Earnin. Before applying for a cash advance app with social security, it is essential to check the eligibility requirements to determine if you are qualified and meet all the…
Key Takeaway: A change in your social security payment date could be due to a switch to a different payment schedule, a change in personal information, or being ineligible for payment. It is important to understand the reason for the change in order to take appropriate actions. If you experience a change in your social…
Key Takeaway: There are three main types of pension plans: defined benefit, defined contribution, and cash balance. It’s important to know which plan you have to understand how to check your pension. To check your pension, start by contacting your pension provider. They can provide you with information about your plan and benefits statement. You…
Key Takeaway: Eligibility for State Pension: To receive State Pension, you must have reached the State Pension age and have made enough qualifying National Insurance contributions. The State Pension age is currently 66 for both men and women. Earnings Allowance for State Pension Claimants: You can earn up to 183 per week without affecting your…
Key Takeaway: The Pension Supplement is a government payment designed to help eligible seniors with the cost of living. It is paid as part of the regular Age Pension or other government income support payments. To be eligible for the Pension Supplement, individuals must meet certain criteria, including being an Age Pension recipient or receiving…
Key Takeaway: Assessing skills and interests after retirement is important before embarking on a job search. Consider what type of work would be fulfilling and align with personal values. Utilizing online job search platforms can broaden the range of job opportunities available. Sites like LinkedIn and Indeed can connect retirees with part-time and remote work…
Key Takeaway: Understanding the fear: Recognizing and understanding the root causes of retirement fears can help to address them and alleviate anxiety. Overcoming financial insecurity: Planning for retirement finances by creating a budget, investing in a retirement account, and seeking advice from a financial professional can provide a sense of security and confidence. Building a…
Key takeaways: There are different types of retirement plans, such as 401(k)s, IRAs, and pensions. Understanding the differences between them is crucial in choosing the right plan for your retirement needs. When choosing a retirement plan, consider factors such as your financial goals, age, risk tolerance, and employment status. Consulting a financial advisor can help…
Key takeaway: Troy Polamalu retired from the NFL in 2015 after a successful career that included two Super Bowl wins and multiple Pro Bowl selections. Since retiring, Polamalu has focused on family life and charity work through his foundation, The Troy and Theodora Polamalu Foundation. Polamalu has also ventured into business, investing in a sports…
Key Takeaway: Location and proximity to family and amenities are important factors to consider when looking for a retirement community. It’s important to choose a community that is conveniently located and offers easy access to healthcare and other necessary services. The type of community, whether age-restricted or assisted living, should also be considered. Understanding the…
Key Takeaway: FERS retirement is a retirement plan available to federal employees that includes a pension, Social Security benefits, and a Thrift Savings Plan account. It provides a comprehensive retirement benefit package that is a combination of pension, Social Security, and a savings plan. Eligibility requirements for FERS retirement include completing at least five years…
Key Takeaway: The concept of race should be retired: The idea that humans can be categorized into distinct racial groups is outdated and lacks scientific basis. Instead, we should focus on genetic diversity within human populations and recognize the social construct of race. String theory should be retired: Despite its popularity, string theory lacks empirical…