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Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are both programs under the Social Security Administration (SSA) that pay benefits to those who are disabled or blind. The SSI is broader in scope than the SSDI, and may offer coverage to seniors in need. While they may seem very similar, however, the programs have different eligibility requirements. By Josephine Nesbit Discover: 25 Things To Sell When You’re Ready To Retire More: 25 Extra Grocery Costs You’re Probably Forgetting About...

Berkshire Hathaway announced it acquired insurer Alleghany Corp, for $11.6 billion on March 21, finally deploying some of its massive cash reserves. By Yaёl Bizouati-Kennedy See: Warren Buffett Fans Should Consider This ‘Low-Profile’ Fund That Mimics Berkshire Hathaway Find: 10 Genius Things Warren Buffett Says To Do With Your Money The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions, including approval by Alleghany stockholders and receipt of regulatory approvals, and Alleghany will continue to operate as an independent subsidiary of Berkshire Hathaway after closing, according to a press release....

A hedge fund manager is someone who, as the title would suggest, manages a hedge fund. A hedge fund is a fund that pools money from a group of investors to purchase certain investments. Since a hedge fund is subject to less regulation that many other investments, and is only available to sophisticated investors, it is riskier than many investments. Managers are subject to that risk s well. Here’s what you need to know....

Social Security’s Red Book is a general reference source containing work incentives available to Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) recipients. The Red Book was primarily written for educators, advocates, rehabilitation professionals and counselors who serve people with disabilities. By Josephine Nesbit See: How You Can Work And Still Receive Social Security Benefits Find: 20 Best Places To Live on Only a Social Security Check Every year, Social Security makes updates to the Red Book, typically to the dollar thresholds of the work incentives....

And just like that, a billionaire is born. A ticket purchased in the state of Maine matched the winning numbers for the Mega Millions lottery’s estimated $1.35 billion grand prize on Jan. 13. Four second-prize tickets, each worth $1 million, sold in New York. By Nicole Spector Learn: Why Buying Property in These Vacation Destinations Could Be a Great Investment How To: Protect Your Financial Future With Gold and Silver Discover: How 2023 Recession Will Differ From 2008 and How You Should Prepare Differently...

By Andrew Lisa In concept, yes. But the reality on the ground is a little more complicated than that. Read: How Credit Card Use Changed During the Pandemic Nearly Half Pay Their Bill in Full Every Time The survey asked respondents, “Wow do you handle your credit card bill every month?” Here’s a look at the responses: 0.79% use autopay or a third-party app 6.54% pay a set amount every month 9....

Not all credit cards are created equal. Some people want the best travel credit card, while others prioritize cash back. American Express® National Bank, Member FDIC goes above and beyond with its rewards. One of the extra benefits of being a card member is exclusive priority access to concert tickets. By David Granahan Benefits of American Express How To Get Concert Tickets Here’s how to take advantage of the American Express membership rewards for concert tickets....

Michael Burry, the hedge fund manager who famously shorted the mortgage market before the financial crisis of 2008, is posting on Twitter again. His recent postings have followers nervous about a potential market crash the size of that which followed the housing market meltdown that he “predicted” 14 years ago. By David Nadelle Discover: 22 Side Gigs That Can Make You Richer Than a Full-Time Job More: Social Security Payments Need to Be $540 More Today To Equal Value in 2000...

While election officials sort through the results of the 2022 midterms to determine which party will control Congress, President Joe Biden reached out an olive branch to Republicans this week — except when it comes to Social Security. By Vance Cariaga See: 10 Reasons You Should Claim Social Security EarlyFind: 20 Best Places To Live on Only a Social Security Check Speaking to a media gathering on Wednesday, Biden said he is “open to any good ideas,” and that “the future of America is too promising to be trapped in an endless political warfare....

Like households, the federal government must live within the confines of a budget. However, those confines are much, much larger than the spending limits of the average household — or any household, for that matter. By Cameron Huddleston How large? The federal government is projected to spend $5.7 trillion in 2021, according to the Congressional Budget Office. If you’re wondering where that money comes from and where it goes, here’s what you need to know about the federal budget and how it impacts you....

Eating a quality home-cooked meal is becoming more of a luxury in 2022 as the prices of groceries continue to go up, according to the latest Consumer Price Index report released Thursday, October 13. By Selena Fragassi CPI: September’s Consumer Price Index Shows Inflation Higher Than Expected After Fed Rate HikesSocial Security: 2023 COLA to Rise 8.7% for its Biggest Gain in Four Decades Gathered by the U.S. Bureau of Labor Statistics, the CPI shows that the cost of food at home, aka groceries, rose by 0....

The rebound in travel and tourism that many hoped to see this summer might have to wait another year, as sluggish bookings and a gas crisis in the United States weigh on the industry. By Vance Cariaga See: CDC Will Allow Cruise Ships in US Waters This Summer — But There’s a CatchFind: The Cost To Book Last-Minute Summer Travel to Top US Destinations On Wednesday, CNN Business reported that companies ranging from Florida-based cruise operator Carnival and California-based events promotor Live Nation to German tourism company TUI Group have seen few signs that a full-blown comeback is imminent....

Ah, the beautiful bliss of finding the love of your life, moving in together, (possibly) saying “I do,” and heading off into the sunset together, where you are done with the drama of dating. This is cloud nine now. Why kill the mood by getting wrapped up in pesky little conversations about silly realistic things like money? By Nicole Spector Make More: 22 Side Gigs That Can Make You Richer Than a Full-Time JobLook: Should You Still Buy a Home in Today’s Market?...

As layoffs continue hitting companies across the United States left and right, employees may feel uncertain about their fate in the business. Anyone can be impacted, even you. By Heather Taylor Learn: How Rich Is Former President Donald Trump?Also: 5 Things You Must Do When Your Savings Reach $50,000 Fortunately, there are ways you can set yourself apart if this unfortunate event ever happens to your organization. Follow these tips to make yourself an indispensable employee who is essential to keeping things running smoothly within the business....

With pandemic restrictions having eased up around the globe, wanderlust has been kicking in for many Americans. While using a credit card when traveling has several advantages, chief among them the protections the card affords, not everyone has one or wants to travel with one. By Yaёl Bizouati-Kennedy Have Any $200 Quarters Lying Around? It’s Worth Checking Your Spare ChangeAdvice: If Your Credit Score is Under 740, Make These 4 Moves Now...

Dunkin’ wants to spread a little sunshine to the storm-battered Sunshine State this Giving Tuesday, as the doughnut chain announced it will offer a “cup of thanks” to Florida residents in the form of free coffee. By Vance Cariaga Giving Tuesday: Inflation, Economic Concerns Stoke Need for More Social Care — How To Find and Give HelpDiscover: If Your Credit Score Is Under 740, Make These 4 Moves Now Participating locations will be providing free medium hot or iced coffee on Giving Tuesday, Nov....

June is already here, which means the Fourth of July is not far behind, then Labor Day, Halloween, Veterans Day, Thanksgiving and the holiday season. If that’s not enough to make you go “whoa,” then maybe this lowdown on the top financial stories of the day will. By Gary Dudak The Big Lead: Yellen Admits She Was Wrong About Inflation U.S. Treasury Secretary Janet Yellen conceded that she has been wrong about inflation and failed to anticipate how long it would last....

If you’re looking to enroll in the open government market for healthcare, the healthCare.gove portal is set to open up within the next few days. By Georgina Tzanetos See: Here’s How Much More Expensive Healthcare Is in the US Than 5 Other CountriesFind: How To Prepare For Being Kicked Off Your Parents’ Health Insurance Your personal marketplace application will ask you about each person in your household, even those not applying for coverage, so it’s important to give as accurate information as possible....

The U.S. Department of Health and Human Services made it a Happy Valentine’s Day for 29 health centers across the country when the agency awarded nearly $55 million in funding to improve virtual care. By Vance Cariaga See: 10 Ways That Your Health Impacts Your Financial Life Find: Legislative Win Could Lead to Government-Funded Healthcare in California by 2024 The awards, announced on Feb. 14 by the HHS’s Health Resources and Services Administration (HRSA), are designed to increase health care access and quality for underserved populations through virtual care such as telehealth, remote patient monitoring, digital patient tools, and health information technology platforms....

You’re ready to tie the knot — but your bank account isn’t. Whether you’re planning a destination wedding or a lavish affair in your hometown, you need to start saving. By Jennifer Taylor Find Out: 9 Bills You Should Never Put on AutopaySee: Should You Still Buy a Home in Today’s Market? However, there are plenty of ways to budget beforehand, so your special day doesn’t live on in the form of mountains of debt....