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Retirement Planning

Strategies of saving money in order to meet one's financial goals upon retiring. This can be through the use of 401(k), IRA and/or pension plans to name a few.

4,043 Questions

If you have an expired visa can you still receive your social security benefits?

Yes, you can still receive Social Security benefits even if you have an expired visa, provided you are eligible for those benefits based on your work history or other qualifying criteria. However, your immigration status could affect your ability to access certain services or benefits. It's essential to check with the Social Security Administration for specific guidance related to your situation.

Where you get free metrocard with Medicaid card?

In New York City, you can obtain a free MetroCard through the Access-A-Ride program if you are a Medicaid recipient and meet certain criteria for transportation assistance. Additionally, some local Medicaid programs may offer transportation benefits that include free public transit options. It's best to check with your specific Medicaid provider or local transit authority for detailed information about eligibility and the application process.

Which cabinent member is in charge of social security?

The cabinet member in charge of Social Security is the Secretary of Health and Human Services. This department oversees various social programs, including the Social Security Administration, which manages the Social Security program. The Secretary works to ensure the effectiveness and efficiency of these programs in providing support to individuals.

What do people eat in a retirement party?

At a retirement party, people typically enjoy a variety of foods that cater to different tastes, often featuring finger foods, appetizers, and desserts. Common options include hors d'oeuvres like cheese platters, vegetable trays, and mini sandwiches, along with a main dish such as roasted meats or pasta. Cakes or cupcakes are often served to celebrate the retiree, sometimes adorned with personalized messages. Beverages, both alcoholic and non-alcoholic, are also usually provided to toast the retiree's new chapter.

Do companies force early retirement?

Yes, companies can encourage early retirement through various means, such as offering incentives or retirement packages aimed at employees nearing retirement age. This is often done to reduce workforce costs, manage layoffs, or restructure the organization. However, while companies can incentivize early retirement, they cannot legally force employees to retire unless specific legal conditions, like age or health-related criteria, are met. Ultimately, the decision to retire early remains with the individual employee.

How long was Social Security voluntary after being started?

Social Security was established in 1935, and participation was initially voluntary for some groups. However, in 1939, amendments were made that expanded the program and made participation mandatory for most workers. Since then, Social Security has been a mandatory program for nearly all employees in the U.S., with only a few exceptions.

Do people on Social Security Disability get more money when they are married to a non working spouse?

No, Social Security Disability Insurance (SSDI) benefits do not increase simply because a recipient is married to a non-working spouse. SSDI benefits are based on the individual’s work history and contributions to Social Security. However, if the disabled individual qualifies for Supplemental Security Income (SSI, which is needs-based), their benefits could be affected by their spouse's income and assets.

You have insurance but maternity is not covered Will medicaid cover a c-section delivery?

Yes, Medicaid typically covers the costs associated with a C-section delivery for eligible individuals, including those who have insurance that does not cover maternity care. However, eligibility for Medicaid can vary by state and is often based on income and other factors. It's important to check with your state's Medicaid program for specific coverage details and requirements.

What is a mainstay preferred fixed annuity?

A mainstay preferred fixed annuity is a type of insurance product that provides a guaranteed return on investment over a specified period. It typically offers a fixed interest rate and can provide regular income payments during retirement. These annuities are often considered a conservative investment option, appealing to individuals seeking stability and predictability in their financial planning. Additionally, they may offer tax-deferred growth, meaning taxes on earnings are postponed until withdrawal.

Can you change your retirement option?

Yes, you can change your retirement option, but the ability to do so often depends on the specific retirement plan and its rules. Many plans allow for changes during open enrollment periods or after certain life events. However, some options may be irreversible once selected, so it's important to review the terms of your specific retirement plan and consult with a financial advisor if needed. Always check with your plan administrator for the most accurate information.

Can Rotator Cuff Injury qualify you for Social Security Disability?

Yes, a rotator cuff injury can qualify for Social Security Disability benefits if it significantly impairs your ability to perform basic work activities. The Social Security Administration (SSA) evaluates such injuries under its disability criteria, considering factors like the severity of pain, limitations in range of motion, and the impact on daily functioning. To qualify, you must provide medical evidence demonstrating how the injury affects your capacity to work. If your condition meets the SSA's listing for musculoskeletal disorders or results in functional limitations, you may be eligible for benefits.

What is a qualified veto?

A qualified veto is a type of veto that can be overridden under certain conditions, typically requiring a specific majority vote in a legislative body. Unlike an absolute veto, which cannot be overturned, a qualified veto allows for some level of legislative response or action to negate the veto. This mechanism is often designed to balance executive power with legislative authority, ensuring that elected representatives have a say in important decisions. The exact rules for a qualified veto can vary depending on the governing laws or constitution of a specific jurisdiction.

What groups that the Social Security act seek to help?

The Social Security Act, enacted in 1935, primarily aimed to assist elderly individuals by providing them with retirement benefits. It also sought to support other vulnerable groups, including disabled individuals through disability insurance, and families with dependent children through welfare assistance programs. Additionally, it established unemployment insurance to help workers who lost their jobs. Overall, the act was designed to create a safety net for those facing economic hardship.

Where is the nearest social security office near Inglewood CA?

The nearest Social Security office to Inglewood, CA, is located at 1010 N La Brea Ave, Inglewood, CA 90302. It's advisable to check the official Social Security Administration website or call ahead for hours of operation and any specific services you may need.

Can your spouse collect your military retirement pension after you die?

Yes, a spouse can collect a military retirement pension after the service member's death, provided certain conditions are met. Typically, this is facilitated through the Survivor Benefit Plan (SBP), which allows retirees to designate their spouse as a beneficiary to receive a portion of the retirement pay. If the service member did not elect SBP or was not eligible, the spouse may still receive benefits through the Dependency and Indemnity Compensation (DIC) program if the death was service-related. It is important for military members to understand the options available to ensure their spouse is adequately provided for.

For hospice care to be covered under Medicare the care recipient must have a life expectancy of how long?

For hospice care to be covered under Medicare, the care recipient must have a life expectancy of six months or less if the illness follows its normal course. This determination is made by a physician who certifies that the patient meets this criterion. The focus of hospice care is on providing comfort and support rather than curative treatment.

Can you get social security income for scoliosis and polycystic ovarian syndrome?

Yes, you may be eligible for Social Security Income (SSI) if your scoliosis and polycystic ovarian syndrome (PCOS) significantly impair your ability to work or perform daily activities. The Social Security Administration (SSA) evaluates medical conditions based on their severity and impact on functional capacity. To qualify, you would need to provide medical documentation demonstrating how these conditions affect your life. It's advisable to consult with a disability attorney or advocate to navigate the application process effectively.

Do your social security benefits after you collect full benefits if you continue to work?

Yes, you can continue to work and collect Social Security benefits after reaching full retirement age without any reduction in your benefits. Unlike before full retirement age, when earnings could affect benefit amounts, once you reach this age, your benefits are not impacted by how much you earn. However, your earnings may still be subject to income taxes depending on your total income level.

Can social security disability be garnished for restitution in the state of Virginia?

In Virginia, Social Security Disability benefits are generally protected from garnishment for most debts, including restitution. However, there are exceptions under certain circumstances, such as if the benefits are deposited into an account that exceeds a certain balance. It's advisable to consult with a legal expert or financial advisor to understand the specific implications based on individual circumstances.

Can I get medicare from my ex husbands medicare coverage?

No, you cannot directly receive Medicare coverage from your ex-husband's plan. Medicare is an individual program, and each person must qualify and enroll based on their own work history or other eligibility criteria. However, if you were married for at least 10 years, you may be eligible for spousal benefits from his Social Security record, which could affect your Medicare eligibility and timing. It's advisable to consult with a Medicare representative or financial advisor for personalized guidance.

What state is 471 social security?

The Social Security number prefix 471 is associated with the state of North Dakota. This specific prefix indicates that the number was issued to individuals in that state. Social Security numbers are often used for identification and record-keeping purposes within the Social Security Administration.

What do Medicaid eye glasses look like?

Medicaid eyeglasses typically consist of basic frames and lenses that meet essential vision needs. The selection may vary by state, but they often include standard styles with limited color options. While some states may offer more variety, the focus is generally on functionality rather than fashion, ensuring that they provide adequate vision correction for those enrolled in the program.

How do you file for retirement?

To file for retirement, start by determining your eligibility for benefits, which may vary based on your age and the type of retirement plan (e.g., Social Security, employer-sponsored plans). Gather necessary documents, such as your Social Security number, birth certificate, and work history. Complete the appropriate application forms, either online or through your local Social Security office for Social Security benefits, or through your employer for retirement plans. Finally, submit your application and await confirmation of your retirement benefits.

Why did the onset of the depression make it essential to have some for m of social security?

The onset of the Great Depression highlighted the vulnerability of individuals and families to economic downturns, as widespread unemployment and poverty led to severe hardships. This crisis underscored the need for a safety net to protect citizens from financial ruin and ensure basic living standards. As a result, the establishment of social security programs became essential to provide financial support, promote economic stability, and foster social welfare in times of crisis. Such measures aimed to alleviate the suffering caused by economic instability and prevent future societal upheaval.

Which term describes money collected and invested for the benefit of work retirement plans?

The term that describes money collected and invested for the benefit of work retirement plans is "pension fund." Pension funds accumulate contributions from both employers and employees, which are then invested to generate returns over time, ensuring that retirees receive financial support during retirement. These funds are typically managed by financial institutions and must adhere to specific regulations to protect the interests of the beneficiaries.