Sentences with phrase «current social security income»

Set up a base level of contractually guaranteed lifetime income that would further supplement your current Social Security income and pension income (if you have any).

Not exact matches

For these people, their sole retirement income, aside from potential aid from friends and family, comes from Social Security, for which the current average monthly benefit is $ 1,230.

You will need your Social Security Number, your gross monthly income, your employer's name and phone number, your monthly rent or mortgage, and the names of all of your current lenders.

You'll also need to provide your current employment information and annual income, contact and personal information and your Social Security Number.

According to Financial Engines research, seven out of ten current retirees say Social Security benefits are a major source of their retirement income, while the Social Security Administration says about one in four married couples — and nearly half of unmarried individuals — rely on Social Security for 90 % or more of their income.

According to a 2011 Pew Research Center poll, more than 40 percent of people aged 18 to 30 believe they will receive no retirement income from Social Security, even though Social Security receipts are estimated to equal about 75 percent of benefits on a sustainable basis under the current regime.5

Your Social Security number, income, current address, employment history, bank balances, federal tax payments, any open loans and the approximate value of your current property.

Applicants must bring the following documentation to the outreach: 1) Proof of gross income received within the last 30 days for all household members a) Wages: If paid weekly, last four (4) paystubs b) Wages: If paid bi-weekly, last two (2) paystubs c) Award letters, if applicable (Social Security, Pension, Unemployment, Workers Comp, Disability, etc.) d) Yearly statement of interest received (savings, checking, CDs, money market account, etc.) e) Dividend proof (stocks, bonds securities, etc.) 2) Social Security numbers for all household members 3) One (1) form of ID for all household members (birth certificate or Social Security card or driver's license or school ID, etc.) 4) Proof of residency (utility bill, Rent / lease information or mortgage statement) 5) Current heat and / or electric bill.

Kirchhoff said they looked at current or former enrollment on two federal disability programs: SSI for people with limited income who have no prior work history, and Social Security Disability Insurance (SSDI), which pays disability benefits to adults ages 18 years and older who have worked and paid social security Social Security Disability Insurance (SSDI), which pays disability benefits to adults ages 18 years and older who have worked and paid social securitSecurity Disability Insurance (SSDI), which pays disability benefits to adults ages 18 years and older who have worked and paid social security social securitysecurity taxes.

This would be far less punitive than the current practices of garnishing wages, Social Security payments, or earned income tax credits to collect on student loans.

There you can view your current benefit based on your contributions to date and Social Security's calculation of your past income.

One aspect of the current debate about changing the Social Security program concerns how new rules might affect elderly women, many of whom have low income.

You'll need to supply the bank with your Social Security Number, proof of your current rent or mortgage payment, details of your current employment and proof of annual income.

To qualify for a loan, you will need current proof of employment (minimum 36 hours a week) or fixed income (pay stub, award letter, etc.), an open and active checking or savings account (for a minimum of 30 days), a Debit or Credit Card in your name with a Visa or MasterCard logo, a verifiable home or cell phone, a verifiable Social Security number and a valid photo I.D.

Most payday loan companies require you to have worked at least 90 days at your current job or have at least $ 800 a month in income from social security.

Mrs. Gleason's current income is approximately $ 900.20 derived from monthly Social Security benefits of $ 665.10 and 1/2 of a monthly reverse mortgage payment on her real property of approximately $ 470.20.

Under current and future laws, Social Security benefits are subject to federal income taxes above certain levels of combined income (see table below).

You simply plug in the current balances of your various retirement accounts, your estimated monthly spending, how your savings are divvied up between stocks, bonds and cash, your Social Security benefit — and the calculator employs Monte Carlo simulations to estimate the probability that income from Social Security plus withdrawals from your nest egg will be able to generate enough income for you to maintain your expected spending for the rest of your life.

You will be asked detailed questions and will possibly need to provide employment history for two years, current income including pay, commissions or bonuses, alimony or child support that you would like to be considered, dividends, asset information, and personal information such as your Social Security number, birthday, current address, and address history for the past 2 years.

For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.

Current students who acquire a job at their university are eligible for Social Security tax exemption on the income earned from those positions (as long as they are still enrolled at the university).

The current tax code calls for a portion of Social Security income to be taxed when other income is earned.

In fact, if Bill just wanted to match his current income (after retirement savings) of $ 45,500 a year, he could retire at age 62 — three full years earlier — and take all of his living expenses out of his retirement savings for the first three years, then have a safe withdrawal rate for the next 30 years supplemented with Social Security to «bring home» $ 45,500 a year.

If your spending needs are met through current income, pensions or Social Security, our retirement planning will focus on reinvesting portfolio income and developing a growth - oriented strategy for capital appreciation.

Matching your income needs with your current income cash flow, including Social Security, pensions, etc., is crucial to understanding how your investments will meet your income goals.

For all current workers it is important to understand that pensions and Social Security may not exist in the future or may not adequately provide sufficient income to live on during retirement.

A large majority (70.2 percent) of the current Social Security recipient households receive at least three - quarters of their income in annuities from Social Security, employer - provided pensions, and other annuity contracts.

A few factors can be pinpointed: (1) the amount of their current income Social Security will replace (39 percent do not know with a high degree of confidence); (2) when to start to take the benefit (22 percent of pre-retirees don't know); and (3) whether it will provide expected income in retirement (37 percent are not confident that it will).

Single Premium Immediate Annuities (also known as Income Annuities) are a very efficient way to establish a baseline lifetime income stream to supplement your Social Security or current retirement iIncome Annuities) are a very efficient way to establish a baseline lifetime income stream to supplement your Social Security or current retirement iincome stream to supplement your Social Security or current retirement incomeincome.

Social Security Disability benefits shall be included in the Weekly Gross Income of the noncustodial parent and applied as a credit to the noncustodial parent's current child support obligation.

A simple online calculator allows you to input your current savings, expected social security income and other personal data.

These can include postponing drawing on Social Security, providing a steady monthly income, eliminating current mortgage payments, preventing foreclosure, paying off debts and expenses, buying a second or new home, or renovating or retrofitting for aging in place, among others.

All income on a paystub is considered, taxes paid are part of income, cafeteria plans have nothing to do with food and are part of income, there is a minimum time on a job based upon profession which is required to use as income, social security can be grossed up, unemployment income can not be used, etc... The debt - to - income ratio analysis (see below for sample) by www.screenthetenant.com takes current underwriting guidelines into consideration and combines it with theprojected housing payment then calculates if for a future date such as 18 months from now.

Your Social Security number, income, current address, employment history, bank balances, federal tax payments, any open loans and the approximate value of your current property.

As discussed more fully in the section - by - section analysis of § 1026.2 (a)(3) above, under current regulations, the receipt of the following information by the creditor or mortgage broker constitutes receipt of an «application»: (1) Borrower's name; (2) borrower's monthly income; (3) borrower's social security number to obtain a credit report; (4) the property address; (5) an estimate of the value of the property; (6) mortgage loan amount sought; and (7) any other information deemed necessary by the creditor.

As discussed more fully in the section - by - section analysis of § 1026.2 (a)(3), under current regulations, the receipt of the following information by the creditor or mortgage broker constitutes receipt of an «application»: (1) Borrower's name; (2) borrower's monthly income; (3) borrower's social security number to obtain a credit report; (4) the property address; (5) an estimate of the value of the property; (6) mortgage loan amount sought; and (7) any other information deemed necessary by the creditor.