Lawyers Blog Blog,Legal How to Make Investing Easier

How to Make Investing Easier

April 23, 2019April 23, 2019 | David J. HernandezDavid J. Hernandez | 0 Comment | 2:52 pm
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When most people envision investing, they usually picture the endgame; that is, they see themselves as an older, wealthy mogul, living off of the profits of their risky-but-profitable investments from their younger days. Of course, this fantasy risks ignorance of the down-to-earth details that are necessary for prudent investment. That is not to say that wise investments in the present will not reap dividends in the future–everyone can dream of their yacht, vacation home, or retirement nest egg–but rather to urge the reader to make regular review of investment news and be disciplined in their investments.

The first step in making investment easier is immersing oneself in the available material to learn what kind of investments are worth making, affordable, and accessible. For instance, a free financial magazine, such as the Money & Markets Newsletter, should be a part of a daily reading routine. This newsletter allows for the review of expert opinions on a variety of financial matters; resources for any variety of personal investments; and regular market updates. In a field as complex as personal investing, sometimes total immersion is the best way to pick up on trends and conventional wisdom, and receiving a newsletter like this is a good first step. Supplement a periodical reading list with a well-known and accessible site designed to give advice to personal investors, such as The Motley Fool. This is a website expressly designed for those who have little to no experience in the world of finance, and who are looking to make investing easier for themselves.

Finally, in order to truly make investing more accessible, a prospective investor must ensure a certain level of personal discipline and consider seeking out expert advice. First, a personal portfolio should be free of such toxic investments as high-interest credit card debt. Paying off credit card debt is, in its own way, a simple investment: removing this expense will eliminate costly interest in the future. Additionally, many investors will be able to be relatively successful on their own by building a diverse portfolio, becoming a careful student of the stock market, and investing a portion of their disposable income in a low-yield, low-risk commodity such as a savings account or a certificate of deposit. However, a novice investor–especially one with a significant amount of money to invest–might want to place their capital in the capable hands of a portfolio manager. An expert in the financial game will be able to seize upon opportunities while still balancing a portfolio with prudent, long-term investments.

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Does the Government Shutdown Effect Workmans Comp?Does the Government Shutdown Effect Workmans Comp?

January 20, 2018January 20, 2018| David J. HernandezDavid J. Hernandez| 0 Comment| 3:05 pm

The recent government shutdown has many people concerned about which programs will continue and which programs will be suspended indefinitely. Workman’s Comp is no different. Many people who receive Workman’s Comp have been wondering if they will still get their benefits or if they will have to find some other avenue of covering a portion of their bills. This is the same question that many individuals are asking who depend on the federal government for employment benefits or assistance of virtually any type. The short answer is that for the time being, Workman’s Comp will continue as scheduled. However, it should be noted that there are no simple answers regarding the government shutdown. There are, however, many gray areas.

Most of the gray areas occur regarding federal employees who are receiving Workman’s Comp before the government shutdown occurred. Private employees who are receiving Workman’s Comp are scheduled to receive their benefits without delay at this time. However, many federal employees who are currently working find themselves either forced off of work until the government shutdown is resolved or they are working without pay. It stands to reason that any federal employee who is currently working and is not being paid can expect not to be paid if they are receiving Workman’s Comp. This is one of the many gray areas that has occurred regarding the government shutdown and many individuals who are directly in the center of this calamity have little knowledge about how they will ultimately be affected.

The other problem is that even more ominous things can happen if the government shutdown is not resolved rapidly. The government will default if the issue is not resolved by mid October. If this is allowed to occur there is a great deal of uncertainty about how many government programs will be affected, including Workman’s Comp. Virtually every individual from federal employees to senior citizens are deeply concerned about whether or not they will receive benefits if the government defaults. Unfortunately, it is largely up to the federal government to decide which programs, if any, will be funded. This means that virtually every individual is at the mercy of the people in Washington to decide their fate. There is also the very real problem of finding a way to fund government programs in the event that there is no money to fund the programs with, which is what will happen if a default is allowed to occur.

In closing, anyone who is receiving Workman’s Comp who is concerned about their ability to continue to receive benefits should contact the Law Offices of Oliver C. Minott with any questions they may have. Having proper legal representation is vitally important at any time, but it is especially important during this time of uncertainty.

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Should I Consult With a Lawyer?Should I Consult With a Lawyer?

March 20, 2019March 20, 2019| David J. HernandezDavid J. Hernandez| 0 Comment| 2:55 pm

You know you qualify for social security disability benefits. For instance, you worked in jobs that paid into the social security system. You also have a medical condition that meets the social security administration’s (SSA) of a disability. However, you still need to consult with a disability lawyer before applying. For example, a lawyer will evaluate your claim, medical records and request medical tests that will further help your case.

Even though you know you’ll qualify for disability, there are some cases where you will be denied. There could be reasons why you are denied such as:

  • You made too much money. The SSA considers a “substantial gainful activity”, or SGA, which means that your income is too high to be disabled. In 2014, the SGA limit for people who aren’t blind was $1,070.
  • Your medical condition won’t last long. You must have severe impairment that lasts at least 12 months.
  • You didn’t follow physical therapy as required unless there is an acceptable medical excuse. If you don’t follow your physical therapist’s orders, it could stop you from receiving disability.
  • The SSA can find you in the system. The Disability Determination Service, or DDS, determines your medical eligibility. If either agency can’t locate you to schedule an examination, you will be denied.
  • You committed fraud by trying to obtain disability benefits.
  • Your disability is caused by a drug or alcohol addiction.
  • You committed a crime that prevents you from collecting social security disability.

So, now you are thinking about reapplying to overturn your denial. You can do this by yourself, but due to various terminology, rules and deadlines, you will need a lawyer. For example, a disability lawyer will know the type of evidence needed to support your claim. In addition, he or she will advise you of the relevant laws and how to proceed with your claim.

You have worked and put money into the system. You are disabled and need that money back to support yourself and your family. You shouldn’t go through the process alone. Instead, you should consult a disability lawyer.

It often takes a couple of attempts before a denial is overturned and you receive your benefits. However, with the help of a disability lawyer, you have a legal warrior on your side to help you. If you are in the Kansas, Missouri or Illinois and need help with any social security disability questions, concerns or assistance.

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Information About Bankruptcy LawInformation About Bankruptcy Law

December 12, 2018December 12, 2018| David J. HernandezDavid J. Hernandez| 0 Comment| 3:01 pm

The legal topic of bankruptcy can make people feel uneasy. It is important for prospective bankruptcy filers to have the facts straight before they move forward with their case. Bankruptcy is when a person requests the assistance of the court to erase consumer debts. Consumers often get behind on their bills due to lack of unemployment, a financial loss or a divorce.

The Law Offices of John N. Kitta can help people who find themselves in a difficult financial situation. People often become confused by what is going on so they hesitate to file the paperwork. A bankruptcy will hurt a person’s financial standing. This is because all of the outstanding debt that is owed will be legally wiped away but the creditors will not charge off the amounts.

This means that a negative item for each creditor including the bankruptcy will be included on the filer’s credit report for a time period of one decade. This can make it hard to get credit lines. It is important for people to speak with a bankruptcy attorney before completing the required bankruptcy documents.

The filing that has to be prepared takes time to complete. A person will need to fill in documents regarding the amount of debt that they are asking to be discharged. People should keep in mind that it is very rare for secured debt such as federal student loans to be discharged through bankruptcy. This is mainly due to the fact that the government backs the loans so they want to guarantee that they will receive all of their money back.

Each creditor’s name must be listed along with the account number, address and amount of debt that is owed. The amounts should be current so it can be beneficial to contact each one directly to receive an updated balance amount.

Once a person has completed this, they can then move on to declare the assets that they have. The government can seize an individual’s personal assets and liquidate them to raise funds to pay off creditors. This is where having legal help from The Law Offices of John N. Kitta can come in handy.

When people have legal help, they can have a bankruptcy filing that is in proper order. All of the paperwork has to satisfy the court’s criteria or else the matter will not be discharged and people will have to pay back the debt that is owed in full.

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