Sentences with phrase «accumulated interest earnings»

Alternatively, up to twice each year you can have penalty free access to all of your accumulated interest earnings.

Alternatively, up to twice each year you can have penalty free access to all of your accumulated interest earnings.

Not exact matches

The snowball effect that happens when your earnings generate even more earnings, not only on your original investments, but also on any interest, dividends, and capital gains that accumulate.

This includes over-estimating payments in lieu of taxes ($ 381,000), rental payments ($ 305,000) and interest earnings ($ 426,000); as well as over-expending budget line items for health insurance ($ 944,000), accumulated sick pay and vacation pay ($ 750,000), and workers compensation ($ 415,000).

You (the annuity owner) make a lump - sum payment or a series of premium payments to an annuity issuer (the insurance company), which will accumulate earnings at a fixed interest rate (a fixed annuity) or a variable rate determined by the growth (or losses) in investment options known as subaccounts (a variable annuity).

The cash value account earns a modest rate of interest, with taxes deferred on the accumulated earnings.

The snowball effect that happens when your earnings generate even more earnings, not only on your original investments, but also on any interest, dividends, and capital gains that accumulate.

Tax Deferral Tax on the earnings of an annuity is generally deferred until withdrawal, allowing your money to accumulate faster because it grows in three ways: Your premiums earn interest, your interest earns interest, and the money you would have paid in taxes is deferred to the future.

Another benefit is that earnings and interest that accumulate in the cash value account are not taxed as income.

Cash value interest or earnings accumulate tax - free or tax deferred, depending on whether gains are distributed at death or during lifetime.