Sentences with phrase «accumulated retirement money»

By taking advantage of this exception to the death benefit distribution rules, an annuity owner's spouse may further delay payment of taxes on accumulated retirement money.

Not exact matches

But consider the reality of how much money you'll really need to accumulate to enjoy a decent standard of living in retirement — one equal to or greater than your lifestyle while working.

He argues that everyone uses money for different purposes — from facilitating adventure to serving their community to supporting their family — yet most financial planning assumes clients have one of two possible goals: preparing for retirement or accumulating more possessions.

The money that doesn't go to the employee's take - home pay gradually accumulates, the balance earns interest from investments, and by the time retirement rolls around, it's grown into a substantial nest egg for the retiree.

In a well - diversified investment portfolio, highly - rated corporate bonds of short - term, mid-term and long - term maturity (when the principal loan amount is scheduled for repayment) can help investors accumulate money for retirement, save for a college education for children, or to establish a cash reserve for emergencies, vacations or for other expenses.

Some are young, and some are old; some want to use their money for retirement, and some want to have it at hand to buy a house; some people have a high tolerance for risk, while still other people's idea of a thrill is watching compound interest accumulate in a savings account.

Although you don't have to pay taxes on the money contributed to a 403 (b) or Regular IRA now, you will have to pay tax on it, as well as the accumulated returns, when you receive the money after retirement.

As I pointed out at the time, the NPPC report ignored how much money was going into each of the plans, and they looked only at the retirement benefits offered to 35 - year veterans, which sidestepped the question of how benefits accumulate over time.

You've worked hard all your life and perhaps have accumulated money in a retirement plan such as an employer - sponsored 401k plan.

Our deferred annuities are generally suitable for those looking to accumulate money for retirement.

As qualified retirement savings vehicles, they allow us to save pre-tax money and let it accumulate on a tax - deferred basis until retirement.

In a well - diversified investment portfolio, highly - rated corporate bonds of short - term, mid-term and long - term maturity (when the principal loan amount is scheduled for repayment) can help investors accumulate money for retirement, save for a college education for children, or to establish a cash reserve for emergencies, vacations or for other expenses.

Contributions were to be made with pre-tax dollars and earnings were to grow tax deferred so that an account holder could accumulate money for their anticipated retirement.

While they can be great for accumulating savings, most 401 (k) plans don't do much to help older workers decide if they have enough money to retire, or how to convert their hard - earned savings into a retirement paycheck.

Most people need to do more than just contribute to their retirement accounts; they also need to invest their contributions in order to try to accumulate enough money to fund a comfortable and secure life in retirement.

A reasonably conservative estimate of how much money you expect to have accumulated by the time you start retirement (or the spending phase in general).

✓ Social Security and / or pension benefits won't cover your regular expenses ✓ You're a pre-retiree or early in retirement ✓ You've accumulated between $ 250,000 and $ 5 million in retirement savings ✓ You have average or above - average health ✓ You're seeking greater certainty in retirement and more of an insurance product ✓ You don't need access to the money immediately

✗ Social Security and / or pension benefits cover your regular expenses ✗ You're younger than 45 or over 75 years old ✗ You've accumulated less than $ 250,000 or more than $ 5 million in retirement savings ✗ You have below - average health ✗ You're seeking higher risk and more of an investment product ✗ You need access to the money immediately

Even if they have to use a portion of the Roth for retirement, there will be so much money accumulated over the course of 60 years that they will essentially be wealthy.

Money that you don't spend can accumulate with tax - free compounding until you need it during retirement.

In many cases, these investors have large sums of money accumulated in their retirement accounts, which they can now put to work in nontraditional investments through the services of self - directed IRA institutions.

I am a state government employee, my age is 31, and my goal is to accumulate money for my child education, retirement and tax savings alongside.

If you're counting on your 401 (k) plan to help you convert the money you've accumulated during your career into an income that will sustain you in retirement, you may be in for a surprise.

They dial back on risk because they believe they can not afford to lose money accumulated for retirement, he said.

If you have accumulated assets in qualified employer - sponsored retirement plans, now may be the time to decide whether to roll that money into a tax - deferred IRA, which could make managing your investments easier.

When it comes to receiving the fruits of your labor — the money accumulated in your employer - sponsored retirement plan — you are faced with a few broad options.

There are four basic steps you can take to ensure a secure financial future: Determine how much money you may need for retirement or other goals, plan how to accumulate money and other assets to help meet your needs, act to implement your plan and save the money you and your family may need, and reassess your financial needs and the progress of your plan every year.

Some are young, and some are old; some want to use their money for retirement, and some want to have it at hand to buy a house; some people have a high tolerance for risk, while still other people's idea of a thrill is watching compound interest accumulate in a savings account.

A fixed deferred annuity is generally the product of choice for the long haul: these products are designed to help you accumulate money for retirement or to protect the funds you've already saved once you've reached retirement.

The younger you are when you open a retirement savings account, the more money you will accumulate because it has more time to build interest and grow.

Working similar to retirement plans, 529s let you set aside chunks of money on a tax - deferred basis, letting income and capital gains accumulate within the account until you use them for college expenses.

The Internet is filled with articles and websites that deal with accumulating enough money to achieve a comfortable retirement.

Annuity A contract issued by an insurance company that can be used to accumulate money for retirement or other future needs, or to generate a stream of income that is guaranteed for the annuitant's life or for a specific period of time.

A fixed deferred annuity is generally the product of choice for the long haul: these products are designed to help you accumulate money for retirement or to protect the funds you've already saved once you've reached retirement.

The point being that, given the benefits of compounding interest, the amount of money you could earn and accumulate for retirement is far larger investing in the stock market versus a whole life policy.

Another ULIP plan which has garnered popularity as a nonlinked entity enables policy holders to invest or save in a sequential manner to accumulate a sum in order to regulate a salary like inflow of money into the investors accounts post retirement.

Unfortunately, some Woodland Park residents find themselves taking money out of any of the retirement savings they have accumulated in order to make up for such a loss.

They must accumulate more money, since they're expected to live at least 20 years past retirement.

Subtract the future value of your savings to date Multiply your savings to date, including money accumulated in a 401 (k), IRA, defined contribution plan, or similar retirement plan, by the factor in table II - A.