Sentences with phrase «assumes maximum contributions»

This calculator assumes maximum contributions, including «catch - up» contributions for those age 50 and older.

Not exact matches

Assuming you're eligible for both, you can contribute to a traditional and a Roth IRA during the same year, as long as the total amount does not exceed the maximum allowable contribution limit of $ 5,500, or $ 6,500 if you're age 50 and over.

Instead of a fixed contribution, a maximum contribution allowed by law in each historical year was assumed.

In addition, it assumes that the contribution is fixed at a currently allowed maximum amount, even though in recent years the maximum has been revised upwards to approximate inflation (granted, historical maximum contribution was fixed at $ 2,000 between 1981 and 2001).

Runchey says some of the larger discrepancies occur where the Service Canada estimates assume that you continue to make maximum contributions but instead you retire, stop contributing, defer on CPP benefits and have also used up all your standard low - income «drop - out» years.

Assuming your earnings average $ 75,000 prior to retirement, inflation is 2.5 %, you earn a rate of return of 5 % on your RSPs, you get maximum Canada Pension and Old Age Security and you make no additional contributions to your RSP, you can expect after - tax income of roughly $ 43,000 in today's dollars through to your age 95.

And if you can't contribute the maximum, at least defer enough to receive the entire company match contribution, assuming your employer's plan offers one.

Assuming you're eligible for both, you can contribute to a traditional and a Roth IRA during the same year, as long as the total amount does not exceed the maximum allowable contribution limit of $ 5,500, or $ 6,500 if you're age 50 and over.

Here we assume you're maxing out your RRSP every year, so your annual contribution is 18 % of earned income to a maximum of $ 22,000.

You'd actually get there several years sooner, assuming you contribute the IRA maximum as it increases with inflation and also begin making catch - up contributions (an additional $ 1,000 a year currently) once you hit age 50.

They also assume you have made the maximum RRSP contribution of 18 % of last year's income for your salary level, or the maximum allowed, as in the case of the $ 150,000 earned income example.

To arrive at that figure, NerdWallet assumes the maximum allowable annual contribution of $ 5,500 a year is made to both the traditional and Roth IRA account for 30 years.

Am I correct that as of Dec 31, 2012, assuming one was 18 + since the inception of TFSAs, my maximum contribution limit would be $ 20,000?

The data assume employees make contributions necessary to receive the maximum matching contribution.

Let's assume you have $ 41,000 in your TFSA already, which is the maximum possible contribution thus far.

The maximum basic CESG you could get in 1998 - 2006 was $ 800 assuming the child had unused contribution room from previous years.

The data assume employees make the contributions necessary to receive the maximum matching contribution and exclude 24 traditional DB plan sponsors.

The potential for a solar contribution is slightly higher (perhaps up to 10 % assuming maximum estimates for the forcing and impacts).

The maximum amount, assuming you've been maxing out your Social Security contributions, is $ 2,687.