Sentences with phrase «drawing from social security»

Borrowers can use loan proceeds and defer drawing from social security so their benefits are larger at a later age.

Borrowers can use loan proceeds and defer drawing from social security so their benefits are larger at a later age.

Not exact matches

For some people, it may make sense to draw on 401 (k) assets earlier and defer claiming Social Security benefits until 65 or 70 in order to get much higher benefits from the government plan.

These people are no longer paying into Social Security and retirement plans; they're drawing from them.

Or you might plan to draw from other assets, with the idea that you will take smaller distributions after you start drawing Social Security, Pfau said.

«Using the» 4 percent rule» — drawing 4 percent annually from retirement savings — this level of savings, coupled with Social Security benefits, will probably meet all spending needs for the long duration of retirement,» Kruzel said.

The Social Security Administration recently unveiled its list of top baby names for 2010, and although a lot of classics made the list, it looks like new parents are drawing from some surprising sources.The top boys name was Jacob, and though it has been the top choice for over a decade, it may have experienced a surge more recently thanks to Jacob... read more

State Assembly members Rory Lancman (from l.) and Cathy Nolan drew a crowd of residents as they called for the reopening of a Social Security office in Glendale.

And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money — which, of course, it can't do because of the debt ceiling.

Democrats quickly mobilized to draw attention to what they cast as out - of - the - mainstream positions espoused by Mr. Paul — from raising the Social Security retirement age to 70 to questioning the legality of the Americans with Disabilities Act — as they sought to discredit what Jack Conway, the Democratic Senate candidate in Kentucky, described in an interview as Mr. Paul's «narrow and rigid philosophy.»

Last year he drew howls of protest from civil liberties groups and advocates for the poor when he instituted routine warrant checks at a security post manned by deputies inside Ulster County's Department of Social Services.

All data were drawn from the Census Bureau, Social Security Administration, and Centers for Disease Control and Prevention.

In setting your initial withdrawal rate, you'll also want to consider how much of your expenses you can cover from Social Security and any pensions, what other resources you have to draw on (home equity, income from an annuity, cash value life insurance, income from a part - time job) and how much of your retirement spending goes to essential expenses that you would have a hard time trimming vs. discretionary items that leave you with a lot more leeway cutting back should you need to in the future.

You'll most likely be supplementing Social Security with draws from your nest egg, and that's where choosing an appropriate withdrawal rate comes in.

So when it comes time to collect your Social Security, to start drawing down your investment assets, or taking distributions from it, you're doing it with the right tax mode.

But if you're confident that you can handle your spending needs with Social Security and draws from your retirement accounts but you want some extra assurance that you'll have sufficient income later in life — or you feel that income guaranteed to kick in in the future will give you more flexibility about your spending early 0n — then devoting a small portion of your assets to a longevity annuity is probably the better way to go.

To become a member, you'll need to supply your personal information, including your social security number, so that they can draw the necessary information from your credit file and process this information according to their algorithms.

«Using the «4 percent rule» — drawing 4 percent annually from retirement savings — this level of savings, coupled with Social Security benefits, will probably meet all spending needs for the long duration of retirement,» Kruzel said.

Can the combination of Social Security payments, your pension and reasonable draws from your 401 (k) or IRA really support your condo in the city, that mountaintop retreat you want to buy and all the traveling you plan to do?

Or you could just rely on draws from savings to fund both the gap between essential expenses and Social Security income and your discretionary spending.

If we allocate the low - margin tax brackets to your Social Security, you'd still have $ 31,700 drawn from your retirement assets that would be taxed at the 15 % and again only the top $ 16,300 would be taxed at the full 25 % marginal rate.

If after going through this process you find that the chances that the combination of Social Security and draws from your nest egg are uncomfortably low — I'd say you want your chance of success to be at least 70 % to 80 % — then you can re-run the analysis and change a few assumptions to see how much your odds of success improve.

Most retirees these days have two main ways of replacing their paycheck in retirement: Social Security and draws from their savings.

What really matters is whether you're saving enough so that draws from your nest egg plus Social Security plus income from other resources will give you the spending cash you need for a secure and comfortable retirement.

If I decide to delay Social Security, but I need some spending power now, I can draw from the reverse mortgage as a way to help support being able to go ahead and delay Social Security.

You would never want to jeopardize your retirement by drawing funds out of an account that is meant to financially support your lifestyle — a lifestyle where the only income you will likely be receiving is from Social Security or your pension.

This is because they are able to use the excess funds from the sale of a home or draw on their retirement accounts and Social Security payments.

As a nation's population ages, more and more older people may draw from support systems such as Social Security, yet fewer workers may be around to pay into those systems.

Social Security for disability has become a popular program with over eight million people drawing assistance from the social security for disability prSocial Security for disability has become a popular program with over eight million people drawing assistance from the social security for disability Security for disability has become a popular program with over eight million people drawing assistance from the social security for disability prsocial security for disability security for disability program.

We draw together teams according to each clients» needs, and we cover specific sectors so that our skills are focused on those areas where clients can benefit from our support most — the sectors in which we specialise are Advanced Manufacturing, Agriculture and Rural Affairs, Defence and Security, Education, Construction and Engineering, and Health and Social Care.

Information is drawn from all minor and major data bases covering Social Security Numbers, law records, financial records, aliases, and much more.