Can a 401K be Garnished for Student Loans, Child Support, or Credit Card Debt?
A 401k is one of the most common retirement plans used by American citizens. That is why it is important for people to understand what can and cannot be done with a 401k, to protect their retirement nest egg. In this article, we’ll discuss if and under what circumstances, a 401K can be garnished for […]
Are an IRA and 401k the Same? What You Need to Know…
When it comes to retirement savings, an IRA and 401k are often used interchangeably. But it is important to understand that they are in fact two distinct retirement savings plans. Both offer different investment benefits and potential drawbacks, and understanding the differences between them can help you make better decisions when it comes to your […]
How much self-employment income is taxable
Are you interested in finding out how much of your self-employment income is taxable? If so, then you’ve come to the right place! This article will be discussing how much of your self-employment income is taxable, including exploring the different taxes that you may have to pay. Through this article, we hope that you will […]
Can Self Employed People Get Unemployment Benefits?
Being self-employed can offer some great advantages. You are your own boss, decide your own hours, and reap the rewards of your hard work. But with that independence comes some inherent risks. One such risk involves unemployment or a lack of steady income. In the traditional workforce, there are generally unemployment benefits available for individuals […]
Can self-employment wages be garnished? Your Guide to Wage Garnishment While Self Employed
Garnishment of wages can be one of the most intimidating aspects of self-employment for new entrepreneurs. Sure, you’ve heard stories about contractors and gig workers getting paid late or getting underpaid for their work. But the prospect of having your wages garnished can be particularly scary, especially if you’re living hand-to-mouth from week to week. […]
Why Are Self Employment Taxes Higher Than Standard Income Taxes?
Self-employment taxes have become an increasingly discussed topic in recent years. Tax rates for self-employed individuals are much higher than those for the standard employments. The increased tax burden can put a financial strain on self-employed individuals and their families. This article will discuss why self-employment taxes are higher than standard income taxes and what […]
Understanding Supplemental Security Income (SSI)
Supplemental Security Income (SSI) is a monthly federal benefit program that provides financial support to those who are elderly, disabled, or blind, as well as to their families. It is funded by the Social Security Administration (SSA) and is available to US citizens and certain non-citizens who meet specific income and resource requirements. While it […]
What Actually is Unclaimed Money
Unclaimed money is the name given to funds held by a financial institution or the government that are not being claimed. These funds can include a variety of items such as bank accounts, forgotten employee wages, security deposits, tax refunds and more. Money may become unclaimed if the owner loses track of it or if […]
Temporary Assistance Opportunity: TANF
The Temporary Assistance for Needy Families (TANF) program is a federal-state funded grant created to help needy families achieve self-sufficiency through financial support. This program can provide cash, healthcare, nutrition and employment services to those who qualify for it. TANF is the latest version of the former Aid to Families with Dependent Children (ADC) program, […]
Clinical Trials Out There: Alzheimer’s
Alzheimer’s disease is a progressive and debilitating neurological disease that affects millions of people around the world. It is characterized by memory loss, difficulty with language, cognitive decline, and disruption of daily activities. Alzheimer’s disease is currently the sixth leading cause of death in the United States, with 5.8 million American’s currently living with the […]
