Sentences with phrase «based on your life expectancy»

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

Since the required minimum distributions would now be based on his life expectancy, the RMD amount would be lower, leaving more assets in the account to potentially compound tax - deferred.

Non-spousal heirs of any age, regardless of the type of IRA, must take RMDs based on their life expectancy (rules for inherited IRAs are different for spouses and non-spouses).

The RMD amount is based on your life expectancy and the value of your account.

When you decide to take your lifetime income stream from the higher of the two annuity ledgers (income rider or investment), the annuity carrier assigns a percentage based on your life expectancy that will determine the lifetime payout.

Remember that annuity lifetime income guarantees are based on your life expectancy at the time you start the payments.

Traditional rules of thumb include relying on the investment earnings produced by the assets, calculating withdrawals based on life expectancy and adopting the so - called «4 % rule.»

The «72 (t)» annuity exemption allows you to dodge the early withdrawal tax by taking «substantially equal periodic payments» based on life expectancy.

At age 70 1/2, you're required to begin taking minimum distributions from your account, based on your life expectancy.

Pension payments are based on your life expectancy, so it's inflexible, there's no way to increase it or decrease it, speed it up, slow it down.

The amount you're required to withdraw is based on your life expectancy and the amount you have invested.

When beneficiaries other than your spouse inherit your non-Roth IRA, they will have to withdraw the funds based on your life expectancy (faster pace than if it were their life expectancy).

You can receive regular periodic distributions on a schedule that is calculated based on your life expectancy, or you can collect your entire investment as a lump sum.

24:17 «Here's the caveat when it comes to inherited retirement accounts: you will have to take a required distribution based on your life expectancy»

Based on your life expectancy, calculate how much your monthly payments are likely to add up to over time.

So all non-spouses need to take a required distribution, based on their life expectancy.

In contrast, naming individual beneficiaries will allow each beneficiary to take an RMD based on their life expectancy, which can stretch an IRA's earnings out for a longer period of time.

Withdrawals are taxed as ordinary income and must begin after the account holder reaches the age of 70 1/2; withdrawals can be taken as a lump sum or in minimum annual installments based on life expectancy.

The amount of your RMD is calculated based on your life expectancy and takes into account all of your tax - deferred retirement accounts, including 401 (k) s, 403 (b) s, 457 (b) s, and traditional IRAs and SEP IRAs.

The primary disadvantage of naming a trust as beneficiary is that the retirement plan assets will be subjected to required minimum distribution (RMD) payouts, which are calculated based on the life expectancy of the oldest beneficiary.

You can elect to withdraw the assets as a lump sum and be taxed on the entire value of the fund or you can set up a minimum distribution schedule based on your life expectancy.

Based on your life expectancy and the year you plan to retire, you'll find a number to indicate how many years you will need retirement money to live.

Congress has changed the formula so that the break - even point comes much sooner, and some people might reasonably choose to delay starting their retirement benefits based on their life expectancy.

Calculate total taxes based on life expectancy and if you can minimize taxes via a Roth IRA, consider making the switch.

The investments are tax - sheltered, the income can be tax - free, and, after the death of the Roth IRA account owner, those who inherit the assets can make withdrawals based on their life expectancies, generally to age 80 or older.

Minimum withdrawals are based on life expectancy.

That lifetime income payment amount is primarily based on your life expectancy at the time you start the payments.

Does your financial situation need revisions based on life expectancy?

For example, a Single Premium Immediate Annuity provides «income now» based on your life expectancy for an up - front lump sum provided to the carrier.

And I'd say based on the life expectancy of someone who lives to age 60 in the first place, many pensioners would benefit from deferring their CPP pension and possibly starting it as late as age 70.

Also, because lifetime income stream annuity payouts are based on your life expectancy, your payouts will increase because you are older each year.

«The optimistic conclusions of the researchers are based on a life expectancy of 30 years and solar insolation in the Mediterranean»

Washington courts primarily award non-economic damages based on your life expectancy and income, rather than whether the defendant is a medical professional.

The court adopted the wife's expert's appraisal, which adopted a discount to present value based on the life expectancy of the life estate holder.

Your attorney will then help you put a value on that loss based on your life expectancy and the severity of your injuries.

This full underwriting lets the insurance company price the policy most accurately based on your life expectancy.

The cost is based on the life expectancy of both individuals rather than just one.

That way, you get the «life» payments that are calculated based on your life expectancy, but if you die sooner than expected, payments will continue to your beneficiary until the guarantee period is up.

Life settlements work similarly to other assets that are based on life expectancy and it's very unlikely you would be selling your life insurance policy to another person.

Life insurance rates are based on life expectancy and not a specific birthday.

Life insurance rates are based on your life expectancy, the face amount you request and the length of the policy, whether it's the duration of your life (permanent life) or a specific period (term life).

Because life insurance applicants are evaluated based on life expectancy, those who fall into the older age brackets are typically considered to be a higher risk to insurance companies.

Similar to the sale of your life insurance policy, viatical settlements, or life settlements, refer to the sale of your insurance policy to a third - party for more than the cash surrender value but less than the death benefit (based on life expectancy).

Additionally, rates are based on life expectancy.

Moreover, because the premium is based on the life expectancy of the policyholder and the beneficiary, the latter can not be changed.

He expects to live to age 90 or later based on life expectancy calculations relating to his family history and current health.

A life settlement offer will be computed based on your life expectancy, type of policy, policy face value, premiums required to keep it in force and the rating of the insurer that issued the policy.

The annuity payouts are calculated based on life expectancy tables, just as RMD distributions are.

The life expectancy of a 45 - year - old male is 29.1 years (age 74) based on life expectancies for males of all races from Vital Statistics of the United States, for the year 1980.

The amount of the set - aside will be based on the life expectancy of the youngest borrower.