Dear Liz: Many years ago I took out a credit card to pay for my two children's college expenses. They were authorized users for miscellaneous expenses. They no longer use or even have access to the cards. Now they are both in stable, well-paying jobs. I would like to keep the card but remove the authorized users. How would this affect their credit scores? Or mine, for that matter? Answer: You helped your kids establish good credit by adding them as authorized users.
How does one determine if these annual earnings are 'substantial'? Answer: Social Security has a two-page pamphlet about the windfall elimination provision that you can find online or request from the agency by calling 772-1213. The pamphlet features a chart of the earnings required each year to be considered substantial. In 1992, for example, the amount was $10,350. In 2024, it’s $31,275.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: latimes - 🏆 11. / 82 Read more »