What is Social Security and how does it benefit you?
Social Security is a public program designed to provide income and services when you retire, become sick or disabled, upon death and in some cases, if you become unemployed. It is based on the concept of working and paying taxes into the system. The Social Security taxes you and other workers pay are used to pay for Social Security benefits. You must work and pay taxes into Social Security in order to get benefits. Some people get benefits as a dependent or survivor on another person's Social Security record.
Eighty five cents of every dollar paid into the Social Security Trust Fund pays monthly benefits to retirees and their families and to widows, widower, and to children of workers who have died. Fifteen cents goes to a fund that pays benefits to people with disabilities and their families.
The entire amount of taxes you pay for Medicare goes to a trust fund that pays for some of the costs of hospital and related care of all Medicare beneficiaries. Medicare is administered by the Center for Medicare and Medicaid Services.
When you retire, become disabled, or if you die, you, your spouse and or dependent children will receive monthly benefits based on what you earned during your working years. Although most people think of getting the benefits after retirement, Social Security can be received at any age depending on the circumstances.
Social Security is not intended to take care of all your financial needs but is basically a package of retirement, disability and survivor protections to help maintain your standard of living.
Your Social Security number is the first link with Social Security. You need it to get employment and to pay taxes. Without your Social Security number, you won't be able to pay into the program and you won't be able to collect benefits. Social Security numbers are used to track earnings while you are working and to track your benefits once you start getting Social Security benefits. It is also links you to the IRS.
The amount of your Social Security benefit is based on your date of birth, the type of benefit you apply for and your lifetime earnings. This amount is adjusted based on........
"You cannot begin to change unless you admit that there is something that needs to change."
What is oniomania? Do you know that you might have it and not know it?
Oniomania is a medical term used to describe a person who is addicted to shopping. In more common terms, oniomania refers to compulsive shopping, a shopaholic, or an uncontrollable desire to purchase products, in many cases when there is no apparent need for the products at the time of purchase.
The term "oniomania" originated from the Greek word "onios" which means for sale and "mania" which means insane. It is referred to as a disorder that, in many cases, has to be cured by medical means, often though the use of intensive counseling and clinical support.
There are no definitive reasons why certain people cannot control their spending habits but it has been proven that shopping disorders often begin during childhood years and become more pronounced as the individual gets older.
It is thought that oniomania is brought on because of low self esteem, parental neglect, peer pressure, or other experiences that might cause a person to turn to shopping as a way of dealing with personal problems, much the same as with eating disorders and drug and alcohol abuse.
Compulsive shopping, like other addictions, offer a quick feel of euphoria. Once the shopping is done, the euphoria evaporates and often leaves the shopoholic feeling worse than before, which often leads to........
"If one advances confidently in the direction of his dreams, and endeavours to live the life which he has imagined, he will meet with a success unexpected in common hours."
The Business Of Family
How To Stay Rich For Generations
How do families build and maintain their wealth? This question has challenged families for generations. In business, any wise entrepreneur would develop a plan to guide the venture. Though most people don't have a strategy in mind for their families, it is precisely what they need. This book applies business concepts to invest in our families with as much focus and discipline as we do our financial assets.
Linda Davis Taylor is the CEO of the nation's oldest investment advisory firm, Clifford Swan Investment Counsel, and she has seen first-hand how important it is for the family to be connected by a common purpose. With an unprecedented amount of wealth passing to the next generation, the opportunity exists to reverse the old 'shirtsleeves to shirtsleeves' proverb. Applying a business mind-set to your family strategy will help you do that.
The Business of Family teaches you how to write your own family business plan using time-tested strategies from the corporate world to provide a practical, user-friendly method that ensures your family knows where it's been, where it's headed, and how it's going to get there. Just like a company, a family must invest in its people, who require support, training, and commitment to a purpose. Just like a company, a family deals with unexpected challenges. Just like a company, a family needs........