Most people have heard of a trust account, but few know what they really are and how they work. Trusts often come to mind when you think of someone very wealthy, but these powerful estate planning tools can be used by anyone. That even includes people of average financial status. Revocable trusts provide many benefits Read more…
Elliot Marks, Author Bio
Irrevocable Trust: Setup Costs, Trust Types & More | Complete Guide
Most people tend to think that trust funds are only for the super wealthy. That is not always the case as trusts can provide many benefits even to an individual of average financial status. Before diving forward and establishing a trust, you should learn the basics of trusts and when to use them. There are Read more…
Living Trust vs. Will: What’s The Difference? | (Full Guide) Inside
When it comes time to develop your estate plan, you need to ensure that you utilize all the available tools. Living trusts and wills are two of the most common tools used for estate planning. Both allow you to transfer assets to friends and loved ones, but there are some big differences between the two. Read more…
Living Trust: What Is It & Do You Need One? | Full Guide
When most people hear the words “trust account,” they immediately think about the super rich. However, trusts are not just for rich people! Living trusts can be extremely useful tools to help you accomplish your estate planning goals. They provide many benefits like tax savings and probate avoidance. Whether or not you can benefit from Read more…
HSA vs. FSA: What’s The Difference? | (Full Guide) Inside
Unexpected medical expenses can really take a toll on your personal finances, especially for those on a high-deductible health plan (HDHP). Large out-of-pocket expenses sometimes even prevent people from seeking the medical treatment that they might need. So, how do you prepare for and handle these healthcare expenses as they arise? You might be eligible Read more…
SIMPLE IRA Retirement Plan | Everything You Need To Know
Saving enough money for retirement can be a challenge, especially if your employer does not offer a matching 401(k) plan. Many small businesses choose to avoid 401(k) plans because of the high administrative costs and IRS rules associated with them. Many individuals are left saving for retirement on their own through an IRA, or individual Read more…
Social Security Payment Schedule
Your Social Security retirement payments are paid out based on your birthday. Below is the monthly Social Security benefits payment schedule. Birthdate Payment 1st thru 10th Your benefits are paid on the second Wednesday of the month 11th thru 20th Your benefits are paid on the third Wednesday of the month 21st thru 31st Your Read more…
Is ADHD A Disability? | Workplace & Social Security Guide
Attention Deficit Hyperactivity Disorder (ADHD) affects many people, making it difficult for them to concentrate and focus on tasks. ADHD affects people of all ages, from school-aged children to adults in the workplace. The inattention caused by this impairment can prevent children from doing well in school and adults from staying focused at work. With Read more…
How Do I Check To See If Someone Is Using My Social Security Number?
Your Social Security number is one of the most critical pieces of identifying information that you have. Unfortunately, it can also be vulnerable to thieves and hackers. If your SSN falls into the wrong hands, it can have dire consequences. Notably, it can wreak havoc on your finances. Suppose an identity thief gets access to Read more…
Social Security Number “Suspended” | Is It A Scam Call?
Most Americans have received some form of this scam call – someone on the other end of the line claiming to be from a government agency. They inform you that your Social Security number has been suspended or there has been some criminal activity associated with your number. However, you can clear that all up Read more…