Sentences with phrase «at normal retirement»

I've got time to build wealth with leverage, but I won't have anything paid off before I'm at normal retirement age.

(a) the pension benefits to which he or she would have been entitled upon terminating employment at the normal retirement date; and

For example, a benefit is fully subsidized if a plan pays a participant the same amount per month starting at early retirement age (age 55, for example) that the plan would pay the participant starting at normal retirement age (age 65, for example).

Early Unreduced Retirement Benefit - An early retirement benefit that is not reduced from the amount payable at the normal retirement date.

There are no annuity, pension or retirement benefits proposed to be paid to officers, directors or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the company or any of its subsidiaries, if any.

Trustees of «critical» status plans have a limited ability to adjust some benefits, but can not reduce benefits below the accrued benefit payable at normal retirement age.

Your total benefit, $ 1,500 per month, is larger than the $ 1,000 benefit you would have received if you had retired at your normal retirement age.

At the normal retirement age (65 for men and 60 for women), workers can use the balance in their individual accounts to do one of the following: 2

At normal retirement age (66 years of age) they would find themselves roughly in IFA Index Portfolio 55.

The benefit amount for case B, assuming that benefits begin exactly at normal retirement age of 66 years, is not reduced except for rounding down to the next lower dollar.

Then, in 2013, the DOL expressed its intention to pass regulations that would require DC plans to describe participants» total benefits accrued, including a projected account balance at their normal retirement age and a lifetime income stream illustration.

Also, the PIA calculation assumes benefits are taken at the normal retirement age.

For example, some couples may decide to claim one spouse's Social Security benefits at normal retirement age, while delaying the other spouse's benefits until age 70 to allow the second monthly payment to grow.

This is because 4 % is a commonly accepted «sustainable distribution rate» for those with a balanced portfolio retiring at a normal retirement age.

Pushing workers out at the normal retirement age is a defining feature of all defined - benefit plans (including Social Security), and the ones states offer to teachers are no exception.

At that point, you can switch to your own benefit, which will be worth 132 % of what it would have been at your normal retirement age.

If you were born between 1943 — 1954 then as a percentage, if you retired at your normal retirement age (NRA), you receive 100 % of your benefit which in $ terms the max is $ 2,639.

Not exact matches

If you retired at age 70 (max retirement age) then you will receive 132 % of your normal retirement age benefit, which the max amount for that age is $ 3,576.

As long as she has reached at least normal retirement age, her survivor benefit will not be reduced, but her own retirement benefit will disappear.

Plan B is to keep working until I'm 40 and plan C is to retire a decade sooner than the «normal» retirement age, at around 50»

In Simi Valley, the Retired Boxers Foundation had picked up momentum, and the other Alex Ramos had settled into retirement, seemingly free from everything that had threatened to upend his chances at a normal life, at any life.

While many players struggle to come to terms with retirement, at least initially, most do eventually adjust to «normal» life.

Spota stayed in office to conclude «normal administrative matters relating to my retirement,» he said at the time.

«I will be leaving my post as district attorney at the earliest opportunity after the resolution of normal administrative matters relating to my retirement,» Spota said in a statement released by his office.

Under the first bill, uniformed court officers hired since April 1, 2012 will have their «normal» retirement age lowered to 62 from 63, and will be able to retire at age 55 after 30 years of service.

Savings could be made by raising the normal retirement age and reducing the rate at which pension benefits are earned.

«I will be leaving my post as district attorney at the earliest opportunity after the resolution of normal administrative matters relating to my retirement,» Mr. Spota said in a statement.

This means offering entering Ph.D. s a normal upper - middle - class existence, that is, remuneration sufficient to purchase a house at age 32 (the national average), support 2.3 children from birth through college, and provide for a reasonable retirement income.

In addition, neither the first nor the second pension would be drawn until «normal» retirement at age 60.

Under a continuous career, our hypothetical teacher would obtain 30 years of service by age 55, qualifying her for «normal» retirement benefits immediately at 75 percent of final average salary.

At this point, a teacher's salary has climbed the final few, steep steps on the pay scale: she is most likely at her «normal retirement age» and her pension benefits peaAt this point, a teacher's salary has climbed the final few, steep steps on the pay scale: she is most likely at her «normal retirement age» and her pension benefits peaat her «normal retirement age» and her pension benefits peak.

That is sooner than U.S. averages for all workers: the U.S. Social Security normal retirement age for anyone born after 1960 is 67, and the Boston College Center for Retirement Research estimates the national average retirement age at 62 for women and 64 for men.

That's possible, but half of all new teachers won't qualify for any pension at all, and 80 percent won't stay long enough to reach the full normal retirement age.

In our recent Education Next report, «Why Most Teachers Get a Bad Deal on Pensions,» my colleague Kelly Robson and I analyzed state pension plan turnover assumptions to look at two key milestones, the point when teachers first qualify for a pension, and when they become eligible for normal retirement.

The peak in pension wealth usually occurs at the state's pre-determined normal retirement age.

Aldeman and Rotherham estimate that fewer than one in five teachers who enter the classroom at age 25 will stay long enough to reach their normal retirement age.

Ohio's, the first of the state charts and the one below, has two such spikes, one for an early retirement incentive and again at the «normal retirement age.»

This normal method of passing on your retirement accounts does not provide you a way to stipulate the age at which the accounts are distributed.

That is, the so - called increase in the Social Security monthly benefit if you delay taking benefits beyond your normal retirement age is at least in part due to the fact that a «fixed pot of money» is being divided into larger chunks at age 70 (fewer months to live) than at age 67 (more months to live).

If your spouse already receives benefits, ask them what their benefit would be if it started at their full (or normal) retirement age.

Under current rules, which remain in effect until 2011, starting CPP at the earliest age of 60 entails a 30 - per - cent reduction in monthly payments but «you would have to live well past 75 in order to receive more from the plan than by waiting until the normal retirement age of 65,» writes tax and estate lawyer Christine Van Cauwenberghe in her book, Wealth Planning Strategies for Canadians 2010.

However, for Social Security purposes, your normal retirement age — the age at which you can collect unreduced Social Security retirement benefits — ranges from 65 to 67, based on your date of birth.

You do need to be careful, however, that you understand when and how you are allowed to withdraw your earnings (the interest you earn on your contributions)-- before your retirement age, because if you're not careful you could be subject to a 10 % early withdrawal penalty by the IRS, and be taxed at your normal tax rate.

If you withdraw money early (before age 59-1/2) from a tax - deferred retirement account, you'll owe the IRS income tax on the amount withdrawn at your normal marginal income tax rate PLUS — unless the money's for an «allowed purpose «-- a 10 percentage point penalty.

If you pay normal payment and invest the rest, the loan takes 5 years to pay and the retirement fund is at $ 18,700.

If the spouse of a primary begins to receive benefits at his / her normal retirement age, the spouse will receive 50 percent of the primary's primary insurance amount.

The normal retirement age (NRA) is the age at which retirement benefits (before rounding) are equal to the «primary insurance amount.»

If the primary begins to receive benefits at his / her normal (or full) retirement age, the primary will receive 100 percent of the primary insurance amount.

However, for Social Security purposes, your normal retirement age - the age at which you can collect unreduced Social Security retirement benefits - ranges from 65 to 67, based on your date of birth.

Early Retirement Age - In some pension plans, the age at which a participant can first receive benefits before the participant's normal retirement age.