What happens to the present value if you decrease the discount rate?
Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounte...
Is a retirement savings plan the same as a 401k?
What’s the difference between a pension plan and a 401(k) plan? A pension plan is funded by the employer, while a 401(k) is funded by the employee. A 401(...
Does my spouse qualify for Medicare?
When you turn age 62 and your spouse is age 65, your spouse can usually receive premium-free Medicare benefits. Until you’re age 62, your spouse can recei...
How often will Medicaid pay for glasses?
The standard Medicaid plan is limited to one vision examination and refraction every 2 years for members ages 21 and older, unless more frequent care is m...
Is inheritance tax same as estate tax?
Inheritance tax and estate tax are two different things. Estate tax is the amount that’s taken out of someone’s estate upon their death, while inheritance...
Why is a fixed annuity not considered to be a security?
A fixed annuity is an insurance product, not a security, because the insurance company must credit the annuity holder’s account with the specified interes...
Can a 16 year old get Social Security?
If you are a parent and take care of your child who receives Social Security benefits and is under age 18, you can get benefits until your child reaches a...
What is full retirement age for Social Security now?
The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960, until it...
Can your Social Security number be changed?
The Social Security Administration does allow you to change your number, but only under limited circumstances, such as identity theft or if your safety is...
Can you own two houses on SSI?
Unless you own more than one home the SSA, will assume that the property is your principal place of residence. However, if you own a second home you must ...
