Sentences with phrase «certain types of retirement plans»

«in addition to the clawback issue, there are other important one - time but substantial hits: (1) a partner would lose any capital account, (2) a partner may have to pay income taxes on any partnership debt that is forgiven as part of the reorganization (the cancellation of indebtedness income flow through the partnership to the individual partners) and (3) the partner may lose entirely benefits under certain types of retirement plans.

For certain types of retirement plans, employers

Not exact matches

You might not have a strong track record of success playing the stock market but you can still generate attractive returns on certain types of investments as part of your retirement planning strategy.

At age 70.5, you'll have to start taking required minimum distributions from certain types of retirement accounts: profit - sharing, 401 (k), 403 (b), 457 (b) and Roth 401 (k) plans, as well as traditional, SEP and SIMPLE IRAs (but not Roth IRAs).

Additionally, certain types of retirement saving accounts and defined contribution saving plans lower current tax liability by deferring taxation of the amounts contributed until the funds are withdrawn in retirement.

Everyone dreams of the day they can finally kick up their shoes and relieve themselves of their occupational responsibilities, but before you can start living the rest of your life doing what you feel most comfortable with, there are certain factors to consider to choosing the right type of retirement plan for yourself.

A type of savings plan that helps you save for retirement during your working years by allowing you to make contributions up to a certain limit each year and offers certain tax advantages.

Certain types of distributions don't count: distributions that are rolled over to another retirement plan, or corrective distributions, for example.

Many employers offer some type of retirement plan matching, typically up to a certain percentage of the employee's salary.

These types of plans are rare and only offered by certain financial companies, so if you are interested in something like this rather than a traditional retirement plan for entrepreneurs, freelancers, or those who are self - employed, you'll need to do a little research.

Other types of taxable income may include: investment dividends income, interest on bonds, alimony, unemployment benefits, Social Security benefits, retirement plan distributions, jury pay, election worker pay, rental income, royalties, notary fees, and certain scholarships, fellowships, and grants.

A Roth IRA is a special type of individual retirement plan that is generally not taxed, provided certain conditions are met.

However, there are certain types of plans that can be useful for seniors, especially with retirement looming large on the horizon.