Death or Disability Death triggers a retirement plan distribution to the beneficiary (make sure this is up-to-date, or it will go to your probatable estate). If this is a pension, a lifetime annuity for the spouse may be created, if it wasn't waived by the deceased (this is a Qualified Preretirement Survivor Annuity, or QPSA) With disability, it triggers a retirement plan … [Read more...] about When Death, Disability or Divorce Triggers A Retirement Plan Distribution
Archives for March 2017
Financial Independence Through The Right Habits & Knowledge
Erin Bui chats about helpful tips on keeping your debt in check (avoid consumer debt like the plague), having your emergency fund, learning about insurance and investments, and basic budgeting and saving habits we should adopt. Her goal is financial independence and she is right on track! Financial independence and stability is my goal. I want to start managing my life without … [Read more...] about Financial Independence Through The Right Habits & Knowledge
Government Funding for Special Needs: Where It Starts (Social Security, Medicare, Medicaid)
Erin Bui and Marc Ang discuss the basics of government funding for special needs, around Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), Medicare and Medicaid. The deep love for a child will make a parent, family member, or a non-family loved one do anything, walk over broken glass, to provide the child they love with the best care they can … [Read more...] about Government Funding for Special Needs: Where It Starts (Social Security, Medicare, Medicaid)
Identity Theft: Common Tricks and How To Protect Yourself
Erin Bui chats about the prevalence of identity theft and their common tricks. She gives us identity theft prevention tips and encourages everyone to become aware. Identity theft might not sound as frightening to someone who hasn’t experienced it. However, once it happens to you or your loved one, you will usually take a different perspective, when you see the damage and … [Read more...] about Identity Theft: Common Tricks and How To Protect Yourself
Taxation When It Comes To Social Security Benefits
Marc Ang discusses about some of Social Security benefits tips and the technical aspects of taxation on Social Security benefits and also gives examples on calculating social security benefits tax. For many active seniors who want to continue working, or are savvy investors making passive income, there are some tax nuances to consider. Many seniors ask the question, "Are my … [Read more...] about Taxation When It Comes To Social Security Benefits