Sentences with phrase «as annuity after»

After you have paid the premiums you can look forward to lifelong guaranteed income as annuity after retirement.

With this HDFC retirement plan, you can look forward to lifelong guaranteed income as annuity after retirement.

Not exact matches

Some families may benefit by sheltering after - tax dollars in retirement - savings vehicles, such as Roth individual retirement accounts and some types of annuities, said Will Alford, president of Education Planning Resources.

The value of the vested Account balance in the Cash Balance Plan is payable to the team member at any time after termination of employment in either a lump sum or an actuarially equivalent monthly annuity as provided under the Cash Balance Plan and as elected by the team member.

You can move nonqualified (after - tax) assets from a higher - cost annuity through a tax - free transfer known as a 1035 exchange.

But in a statement finally published after midnight, Labour said # 27,192 listed under «other pensions and annuities» as «public office» on his form is his income for being leader of the opposition.

I can't help but wonder, however, whether those young investors would have been less enthusiastic if they were aware of some of the less appealing aspects of fixed indexed annuities, such as the fact that many levy steep surrender charges, which I've seen go as high as 18 %, if you withdraw your money soon after investing.

And after the 2008 financial crisis, index annuities were pitched as a way of betting on stock indexes with no risk of loss, a big draw after the U.S. market had lost half its value in a little over a year.

That probably wouldn't make sense, as you would no longer have access to your $ 1 million for emergencies and such (although in return for a smaller payout some annuities do provide at least some access to principal or allow for payments to continue after death).

The payment for life option with return of premium allows you to receive payments for as long as you live, even after you have received payouts totaling more than what you initially put into the annuity.

For example, with a deferred annuity that's funded with after - tax money, any growth generated is tax - deferred until withdrawn, at which point it is taxed as ordinary income.

After you've reached the age of 59 1/2, you can withdraw as much money from your annuity as you'd like without facing any penalties.

He also notes the $ 2,000 pension income tax credit will be available only on income from a life annuity prior to age 65; after age 65, income from a LIF or RRIF would also qualify for the pension income tax credit as eligible pension income.

In my humble opinion as someone who is now debt free (except the mortgage) after having over $ 90,000 of consumer debt, I do not think it is a good idea to invest in a brokerage account, money market, annuity, or any other financial product until your consumer debt is paid off.

Some writers about annuities refer to the kind that produces an income immediately after purchase as an «immediate annuity»; others call it a «payout annuity».

After retirement, according to one's own choice, investor can withdraw the amount or opt for annuity payments as regular income.

Pension or retirement plans are more preferred by those investors who receive a large amount of corpus as annuity benefit after retirement.

According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.

In effect, if your core fund's value gets demolished, these investments turn into a kind of annuity that pays you the exact same amount month after month for as long as you live.

If you buy an annuity with non-qualified after - tax dollars, the Exclusion Ratio is the percentage of your lifetime income payments that you will not have to treat as income (for federal income tax purposes).

As you can see, the variable annuity can get complex (and expensive), and should only be pursued after all of the implications (and costs) are clearly understood.

Or, if your annuity contract has funds remaining after you die, your beneficiaries can receive them as a lump sum.

1700s — After the British Parliament approved annuity sales to the public, the British elite and other rich Europeans were the primary users of annuities as transfer of risk strategies to hedge riskier investments.

Allowed after the first Contract year, annuity payments can be taken either as income payments for life, or as income payments for a specific period of years.

The accumulation value grows as a result of the annuity's increase based on the increase of the indices the annuity is tied to after applying contractual caps, participation rates,...

Although a life annuity offers you the security of knowing that for as long as you live you will receive a fixed income, many people are uncomfortable with the thought that all of their RRSP savings would be gone if they only lived for a short period of time after retirement.

ANNUITY PAYMENTS — Allowed after the first Contract year, annuity payments can be taken either as income payments for life, or as income payments for a specific period ofANNUITY PAYMENTS — Allowed after the first Contract year, annuity payments can be taken either as income payments for life, or as income payments for a specific period ofannuity payments can be taken either as income payments for life, or as income payments for a specific period of years.

Since the payments don't start for many years — and some buyers will die before they begin collecting payments or shortly after — longevity annuities don't require you to pony up as much money upfront to lock in a sizable income stream down the road.

For example if you bought an annuity and nominated your spouse as the reversionary beneficiary, they might continue to receive 60 % of your income for the rest of their life, after you have passed on.

After that point, all annuity payments are taxed 100 % as Ordinary Income.

A method of calculating the reduction of a variable annuity benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

Where the lifetime annuity is purchased after the member has reached age 75 there is no BCE 4 as the only BCE that can occur after age 75 is a BCE 3 - see PTM088630

Similarly, it makes effective tax rates quite useless; after all, as seen in example 4, knowing that a client already owes $ 35,379 on the first $ 200,000 of income signals nothing about what the tax consequences will be on the next $ 1,000 of Roth conversion / IRA withdrawal / annuity investment / sale for a capital gain or loss / etc.

After the annuity trust terminates the balance or «remainder interest» goes to American Rivers to be used as you designate.

An order in council posted on October 26 sets out the annuity for Chief Justice Beverley McLachlin, who is set to retire on December 15 after a 36 - year judicial career, 17 years of which were spent as the top court's lead judge.

These plans are offered as two types — one where you have to pay premiums for certain tenure after which annuity payments will start and the other where you pay a single premium after which the annuity payments start.

HDFC Life New Immediate Annuity Plan - This plan is a non-linked traditional annuity plan that provides financial independence by offering assured income even after retirement for as long as the customer as well as their spouse lives.

An annuity plan ensures that your monthly incomes continue after your retirement as well and this in turn assures that you are never left in a financial crisis.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

As a deferred annuity plan, the LIC New Jeevan Nidhi offers a continuous flow of income after the retirement of the insured.

The annuity payouts begin immediately after payment of a single lump sum amount (known as the purchase price).

The specifics of how annuities are taxed change based on what type of annuity you buy and what type of annuitization option you select, as well as whether you purchase the contract with pre-tax or after - tax money.

A hybrid of these is when the payments stop at death, but also after a predetermined number of payments, if this is earlier: known as a temporary life annuity.

Allowed after the first Contract year, annuity payments can be taken either as income payments for life, or as income payments for a specific period of years.

By providing life cover as well as regular monthly income (annuity) after retirement, annuity / pension plans ensure that the policyholder remains financially independent and enjoys more or less the same lifestyle as he / she did when income was regular.

In certain jurisdictions, this product was sold as a modified single premium variable annuity, whereby additional premium payments were not permitted after the first policy year.

Written into your deferred annuity contract will be the option to turn your deferred annuity into an immediate annuity after a certain amount of time has passed; essentially you are letting your earnings defer until such time as you desire to turn the investment into a guaranteed stream of income.

According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.

A form of life insurance known as an annuity can provide monthly income all the way through your retirement that can later provide income for your family after you are gone.

A method of calculating the reduction of a variable annuity benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.