.comment-link {margin-left:.6em;}

Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Monday, May 30, 2016

Federal Reserve Report On The Financial Well-Being of American Households for 2015

A report on the decision-making and financial well-being of American households during 2015, from the Federal Reserve:



Click here for the transcript (PDF).

Labels: , , , ,


--> www.FedPrimeRate.com Privacy Policy <--

--> SITEMAP <--

Saturday, May 28, 2016

2016 Check On Social Security Estimated Benefits

Recently stopped by the Social Security Administration (SSA) website to check on my benefits.  The address is:


First, some context with regard to my situation:

  • I was born at the start of the greatest decade ever: the 1970's

  • I worked in corporate America until 1999, when I decided it was time for me to do what comes natural to people with my personality: self-employment.
==========

If I die this year, my daughter can count on around $659 per month from the SSA.

Notice that that one-time death benefit is for my spouse (I'm not married) or minor child is only $255.


==========

In order for me to qualify for retirement benefits when I reach 65, I'd need 40 "credits" of work.   Currently, I have 37.

 



==========

If I am not able to accumulate the retirement-minimum 40 credits by the time I'm 65, I will not qualify for Medicare.

 

==========

The system is setup so that even when deserving folks apply, seldom do they get approved, as a matter of course.

Feeling useless is pretty much a death sentence for someone like me, so this is n/a.

NB: I don't understand why the SSA is offering me a link to apply for disability benefits when they've already let me know that I don't qualify.  ???????????


==========


Bottom line: Based on these numbers, it's quite clear that one should always be realistic about Social-Security benefits.  Amen.

Labels: , , , , , , ,


--> www.FedPrimeRate.com Privacy Policy <--

--> SITEMAP <--


bing

bing

FedPrimeRate.com
Entire website copyright © 2024 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.