Business
Disability protection through Social Security exists for young workers
If you’re a younger worker, retirement probably seems like a lifetime away. In fact, you may wonder if your contributions to Social Security, deducted from your paycheck, actually cover you for anything right now.
By working in a job covered by Social Security, you automatically get disability and survivor insurance protection.
A worker under age 24 who pays Social Security taxes for just one and a half years is covered.
A worker under age 31 who pays Social Security taxes for half the time elapsed since age 21 is also covered.
If you’re like most workers, you probably don’t have private long-term disability insurance. But you do have disability protection through Social Security, which will provide benefits to you and your family if you become disabled.
About 3 in 10 of today’s 20-year-olds will become disabled before reaching age 67 — so it could happen to you.
The average disability benefit paid to a worker with a spouse and two children in 2008 is about $1,690 a month.
Social Security also provides survivors benefits. It is a sad truth that about one in seven young Americans can expect to die before reaching age 67.
Social Security’s survivors insurance pays an average monthly benefit in 2008 of $2,243 for a spouse and two children of a young worker with average wages who dies.
It’s good to think ahead to retirement, but Social Security is more than that.
It provides you and your family with protection now.
For more information on how Social Security protects younger and older Americans alike, visit www.socialsecurity.gov or call us at 1-800-772-1213 (TTY 1-800-325-0778).
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The Growth Coach designed to help others run their own businesses
A longtime Terre Haute chiropractor and businessman is starting a new business designed to help others run their own businesses and their lives more successfully.
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EnerStar annual meeting set for Saturday
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Stadler Tax Service offers free preparation
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Attend seminars on starting a business in Illinois
SCORE and the Business Solutions Center will be hosting seminars on starting a business in Illinois. Topics that will be covered will include: analyzing your personal financial situation, evaluating your business concept, finding your market, establishing operational strategies, creating financial statements and obtaining the funding necessary to make your business idea a reality.
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Union Hospital receives Hospital of Choice honor
Union Hospital was honored for the second year in a row with an AAHCP Hospital of Choice Award for the winter quarter of 2010 in Category III (hospitals with more than 300 but less than 500 licensed beds). Only 10 hospitals across the nation received the award in this category, with Union Hospital being the only recipient in Indiana.
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Book on Chinese markets co-edited by ISU researcher
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Pancake Day donations up 33 percent from last year
Scott Womack, president of Womack Restaurants and IHOP franchisee, gave official thanks to the communities that helped raise more than $12,200 during National Pancake Day celebrations at the company’s IHOP restaurants on Feb. 23.
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Financial Peace University classes scheduled at church
Financial Peace University, the 13-week program taught by Dave Ramsey, has helped more than one million families positively change their financial future. This life-changing program teaches families and individuals how to handle their money through common-sense principles and small group accountability.
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Wabash Capital/Team Apex USA race car featured at auto show
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The Growth Coach designed to help others run their own businesses
