If your Social Security card is lost or stolen, it could wreak havoc on your personal affairs. Since your Social Security number is used for basically everything from identification to creditworthiness, you could easily become the victim of identity theft if your card falls into the wrong hands. There are steps that you need to Read more…
Elliot Marks, Author Bio
Does Medicare Or Medicaid Pay For Assisted Living? | Full Guide
If you or a loved one are getting to an older age and no longer able to safely live alone, then an assisted living facility might be a good option. However, those long-term care facilities can be extremely expensive. Many people do not have enough savings or income to pay for that type of care. Read more…
How Is Medicare Funded? | Everything You Need To Know
You probably already know that many people qualify for Medicare Part A at no cost, so where does the money come from? Medicare receives funding primarily through taxes collected from your paycheck, although there are a few other ways that Medicare gets money. Knowing how Medicare and each part of it are funded can help Read more…
What Is The FICA Tax? | Everything You Need To Know (Full Guide)
Have you ever taken a look at your paycheck stub and seen all the deductions and withholdings on there? Perhaps you saw a line item for the FICA tax being withheld from your check. Maybe you are not even sure what that is and why it was taken out of your pay. We are here Read more…
Short-Term Disability Insurance | Complete Guide
Injuries are inevitable, but what happens if you become injured and you are unable to work until you recover? You might miss payments, get behind on bills, and do some real damage to your credit history. Thankfully, there are things that you can do to protect you and your family should an unfortunate injury occur. Read more…
How Does Long-Term Disability Insurance Work? | (Tips Inside)
Most people never stop to think about what would happen if they were unable to work for an extended period of time. However, that’s something that all of us should consider as a real possibility. In fact, the Social Security Administration states that 25% of all workers will become disabled before they reach full retirement Read more…
Roth IRA vs. Traditional IRA | What’s The Difference? (Full Guide)
Unless you are planning for your retirement, you might not know what a Roth or traditional IRA is. It is never too early to start a retirement plan, and you should start saving as soon as possible to maximize the amount of money you have when you reach retirement age. If you are unsure what Read more…
Pension Plan vs. 401(k) | What’s The Difference & How To Choose
Saving for retirement can be a daunting task, but knowing what options are available is a great first step. You might hear the terms 401k, pension plan, defined benefit plan, or defined contribution plan and start to feel overwhelmed. What do they all mean and how do you select the one that is right for Read more…
What Is A Solo 401(k)? | Individual & Self-Employed Guide
When most people hear the term 401(k), they immediately think of it as a benefit that an employer provides to its employees. Many employers will make matching contributions to an employee’s 401(k) retirement account, effectively doubling the amount of savings that the employee puts away. But what about those individuals who are self-employed or own Read more…
401(k) Early Withdrawal | 11 Ways To Cash Out Without Penalty
If you are in financial need, it might seem extremely tempting to simply withdraw some money from your 401(k), IRA, or other retirement account to cover the need. However, that withdrawal generally comes with a heavy penalty of 10% of the withdrawal amount. Retirement accounts are intended to be used for retirement, so the IRS Read more…