Money Talk

SEPTEMBER 12, 2024

A married couple has four monthly income streams: $2,500- husband’s pension, $2,000- husband’s Social Security, $800- wife’s pension, and $1,500- wife’s Social Security for a total of $6,800 ($81,600 annually). The wife’s pension and Social Security would go away, however, which could still result in a decrease in household income.

Pension 162

Pension Pension Benefit Taxes Entertainment 162

Money Talk

JANUARY 4, 2024

Public Benefits- This is cash or services provided by government or non-profit agencies. Think SNAP (formerly food stamps), rental assistance, food pantries, and home energy assistance. They are considered a “price reduction” and are not taxable income. If they didn’t discover their tax error, they would not have it.

Life Insurance 176

Life Insurance Pension Benefit Retail Taxes 176

Employee Benefits

APRIL 29, 2024

A further 20% thought employees were not aware that certain benefits were available to them. The most popular benefits currently being offered by the employers surveyed included flexible working, enhanced pension benefits, enhanced holiday leave, healthcare and or dental care, and free food or drink in the workplace.

Pension Benefit 64

Pension Benefit Pension Food Healthcare 64

Money Talk

DECEMBER 19, 2024

A story was shared about a couple that had $6,000 in income and only $2,000 when the wife was widowed and lost all pension benefits and was left with only one Social Security check. Under the 1984 Retirement Equity Act, workers cannot waive survivor benefits without the written consent of their spouses. food and gas).

Pension Benefit 159

Pension Benefit Pension Banking Food 159