The Answers :-)

Happy Monday Dolls,

As always, I pray you had a fantastic weekend.  I spent my weekend educating the LGBTQ+ community, while learning about the horrible treatment they have received over the years.  It was very disheartening BUT inspiring to see that they will fight and protect what they believe in.  In addition to this, I participated in another event in Flatbush, Brooklyn and met some amazing people.  It was definitely a weekend full of blessings.

I mentioned last week, that I would run the blog for another week to give people a chance to answer the below questions.  Drum roll please……..The winner of the gift card for lunch is……ME 🙂

Here we go:

1. What is the website you can go to, to find out about your social security benefits?A: ssa.gov
2. What is a pension?A: A pension is income you will have for the rest of your life when you retire and you get it from your employer.  It is also known as a defined benefit plan.

3. True or False A 401K is guaranteed to last you for the rest of your life?A: False

4. Fill in the blank: Another name for a pension is a defined benefit plan
5. Fill in the blank: Another name for a 401K plan is a defined contribution plan

6. Why should parents buy whole life insurance for children?A: For the cash value that they can pull out later on tax free
7. At what age will a person receive full benefits from their social security, if ever?A: At full retirement age which depends on your year of birth
8. True or False: Everyone has a pensionA: False
9. What age must you take Social Security?A: 70

10. What is 529?A: College Plan Savings
11. What is Coverdell?A: College Plan Savings

My goal with this blog is to ensure everyone knows what they have available to them.  A lot of times people are not aware of the benefits certain products have to offer.  It is my pleasure to educate all individuals, no matter the age.  It is never too early or too late to learn. 🙂

I would like to choose next week’s topic by suggestion.  Please submit what you would like to discuss.

Have a beautiful and blessed week!

Marsha

Changing the lives in our community….one person at a time

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.