Author: Hoàng Anh

Social Security

Need to Know Social Security Taxes

Age, Income, and Social Security Tax: Age: Age does not affect whether you pay Social Security tax. All earned income from employment or self-employment is subject to Social Security tax up to a certain threshold, regardless of the taxpayer’s age. Income Thresholds: For 2024, the Social Security tax applies to […]

Lifestyle Spirituality

Vu Lan Festival

Significance and Traditions The Vu Lan Festival has long been a cornerstone of Vietnamese cultural and spiritual life, symbolizing the deep-seated value of “remembering one’s roots.” This important day is dedicated to honoring ancestors, grandparents, and parents, providing descendants with an opportunity to express filial piety. Preserving the Meaning of […]

Social Security

Reasons to Claim Early or Wait Until 70

When determining the optimal time to claim Social Security, most individuals strive to maximize their retirement income. However, despite the potential for higher benefits, the majority of individuals claim their benefits before turning 70. According to the Social Security Administration (SSA), less than 10% of the roughly 3.4 million people […]

Caregiving Health

Planning for Your Long-Term Care Ins

Long-term care insurance is designed to cover costs associated with long-term care services, which are typically not covered by standard health insurance, Medicare, or Medicaid. These services include assistance with routine daily activities like bathing, dressing, or getting in and out of bed, which may be necessary due to aging, […]

Social Security

Social Security Benefits

Social Security plays a vital role in the financial security of more than 67 million Americans, especially older individuals. Census Bureau data reveals that: For over half of households led by someone aged 65 or older, Social Security provides at least 50 percent of their income. In one out of […]