Sentences with phrase «as a lump sum when»

The 2013 revised rule prevents homeowners from taking the full amount as a lump sum when the loan is approved.

Usually it is paid as a lump sum when the mortgage is taken out, or it can be taken off your mortgage advance at the time.

You won't be able to collect those benefi ts if you take the money out as a lump sum when you leave the company.

If you put more than 20 percent down on a home, most lenders will allow you to pay your insurance and property tax bills yourself as lump sums when they come due.

RRIFs are used by those who don't plan to cash out their RRSP as a lump sum when they retire, and prefer to extend their investment and take smaller withdrawals by converting to a RRIF.

Critical illness insurance provides funds as a lump sum when you are diagnosed with an illness that is named in the policy.

Cash value is composed of a fraction of your premiums that have been invested by the insurance company into financial undertakings that can be given back to you when you withdraw it for some other purpose or, in case of whole life insurance, as a lump sum when you opt to cash in on your policy.

A Second - to - die insurance policy, also known as survivorship life insurance, covers two individuals, which is usually the parents of a special needs child, and pays out as a lump sum when both insured people pass away.

Not exact matches

When April comes I'll pay my tax bill asap and then pocked the rest of the lump sum as a nice bonus.

That is a significant amount to devote just to healthcare when you look at it as a lump sum.

Btw the 10 year horizon is relevant to me as it is when I can take my 25 % lump sum from SIPP, so preferable taking it from bonds that have just been redeemed rather than selling down equities that may be in a bear market at the time.

When asked for a sum total of how much he plans to save, Tony explained how he views retirement as a new phase in life, not just an event with a single lump sum.

A recent MetLife survey * highlighted how this choice shakes out when it comes to retirement: One in five retirees who took their pension or defined contribution plan, such as a 401 (k), as a lump sum depleted it in an average of 5 1/2 years.

It's a good question, especially when you stack DCA against lump - sum investing, as Vanguard did in a 2017 study.

Repayment may be made as either a lump - sum payment when the invoice is due, or be required on a weekly basis.

An immediate annuity is when the client gives a lump sum of money to the insurance company & the insurer guarantees a monthly income as long as the client lives.

The thick, velvety, lump - free gravy of your dreams becomes reality when the three core components — pan drippings, roux, and stock — come together as something way better than the sum of its parts.

We believe that, as well as the obvious benefit of a tax - free lump sum when your baby grows to age 18, saving for your child helps to educate them about the importance of money and preparing for their future, helping to set up positive habits from a young age.

When the trust terminates, the remaining principal goes to Tufts Medical Center and Floating Hospital for Children as a lump sum.

When you purchase a membership through positivesingles.com, your membership fees are processed as one lump sum payment on your first day.

Repayment may be made as either a lump - sum payment when the invoice is due, or be required on a weekly basis.

Besides there are other plans such as immediate annuity it takes place when lump sum is paid.

Purchasing a life insurance annuity is less popular than simply accepting a lump sum, as there's not a huge advantage to choosing such deferred payments when the lump sum is tax - free.

A personal line of credit is the best fit when you may need access to funds on a recurring, as - needed basis rather than as a lump sum.

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

The latter involves borrowing a lump sum, which will then show up as additional money in your regular taxable account — and possibly hurt you when you next apply for financial aid.

Most realty agencies expect anything from 5 % to 10 % of the purchase price to be paid in a lump sum, which can mean as much as $ 25,000 has to be to hand when a property is found.

When purchasing investments every pay, you are effectively investing as soon as the money is available to you, which is technically lump sum investing.

But they do not have to make any monthly loan payments, as the loan is repaid in one lump sum when the last borrower leaves the home and the home is sold.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

A type of individual retirement account that you fund with a lump - sum distribution from your IRA, employer's retirement plan such as a 401 (k), when you change jobs or when you retire.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

Also my plan is to pay past 4 months (JAN, FEB, MAR, APRIL) together as a lump sum (total 64k) when initiating SIP (SIP will be effective from May 2015 onward).

When a sufficient amount is available to offer, as a one - time lump sum payment to one of their creditors, negotiations start.

When you retire, you can choose to get your super as a lump sum, a regular income stream (for example, $ 400 a month), or a combination of both.

Many seniors take out reverse mortgages as open credit lines, instead of taking cash in a lump sum or payments, because when you set up a reverse mortgage this way, the amount you can borrow increases each year.

When you ask the creditors to let you pay a lump - sum instead of the full balance you owe on the debt, it is known as a «full and final settlement offer».

Determining an investments horizon, or term, is often based on the intention behind the investment more than the investment itself, such as when the funds will be used for other goals, or whether a lump sum or an income stream is the desired result.

When a member has unrestricted non-preserved benefits as part of their TRIS, they may partially commute the TRIS and receive a lump sum payment up to the amount of their unrestricted non-preserved benefits.

Building equity in a home is realized as a lump sum amount when the home is sold but before that time it can also be used to take out a loan.

Comprehensive Health Plans offer lump sum pay - outs when needed both fixed benefits as well as Hospi Cash benefit.

When you take out a personal loan, you will apply for a specific amount of money, and if approved, receive this amount as a lump sum.

The answer to the question of «who does better» completely changes when these same investors instead invest all their money in the beginning of the time period as lump sum amounts.

The EPFO is planning to invest this money systematically every month or as a lump sum, as and when it feels it's appropriate to do so.

A pro rata deduction is available when only part of the death benefit is paid to an eligible dependant or only part is paid as a lump sum.

Instead of you making monthly mortgage payments, the lender pays you in the form of fixed monthly payments for the rest of your life, or as a lump sum or a line of credit that can be tapped when needed (up to a certain limit).

If you forego an escrow account, you must plan to save enough money monthly to cover your insurance and property tax payments when they come due as lump sums.

When a CD reaches its maturity, you can take the CD's lump - sum value in cash, renew the CD for the same or different maturity period, or examine other investment alternatives (such as a deferred fixed annuity).

HELOC funds can be drawn when you need the money instead of taken in a lump sum, as is common with second mortgages, which also are called home equity loans.

When an individual accesses their superannuation (for example, because they have retired), they may take it in the form of a superannuation lump sum, a superannuation income stream (such as a pension), or a combination of the two.