Author: zobia

The OASDI program was created when President Franklin D. Roosevelt signed the Social Security Act on August 14, 1935. Today, the Federal OASDI program provides monthly retirement benefits to those who reach full retirement age and assistance to surviving children of deceased workers. OASDI also provides benefits to people with disabilities who are unable to work and earn enough to live on. The program began as a modest effort to help older workers during the Great Depression. Nonetheless, it has grown to become the largest system of its kind in the world. The Social Security Administration is responsible for Medicare…

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Consequences of Skipping Monthly Payments Consequences of Skipping Monthly Payments, Your monthly bills are due and you don’t have the money to pay them all. If you like a lot of people, you make the decision to let go of one or more bills. But which one are you skipping? Surveys show people are more likely to miss credit card bills than utility or cell phone bills and more likely to miss mortgage payments than credit card payments. Before you make a decision about postponing the bill until next month, think about what will happen in each case. Missing Your Mortgage Payment Your…

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