Sentences with phrase «enough after tax income»

Not exact matches

My severance package was large enough to pay for 5 - 6 years of living expenses, which meant I could save / invest 100 % of all after - tax income earned between 2012 — 1Q2017 to try and «catch up» to the 20X target.

Of the other half of the 47 % who made enough to owe federal income taxes after taking the standard deductions, but still owed no federal taxes due to some combination of other tax credits, 44 % of them are elderly.

After 15 per cent average income tax, they would have $ 5,932 a month to spend, almost enough to cover their present budget.

Although he expects to receive maximum CPP and OAS, those programs will not provide him with enough after - tax income in retirement.

One of his options is to make enough payments and then have the loan amount forgiven after 25 years, but then, the amount forgiven will be factored in as income on his taxes and he could end up owing as much as $ 175,000 in taxes at that point.

If not, you could withdraw small amounts each year and avoid US income tax (but not the 10 % excise tax), but how long you can continue holding 401 (k) assets after return to India and whether that is long enough to drain the 401 (k) are things that you need to find out.

After that, the Board estimates income tax revenues will be sufficient enough to pay out 78 % of all schedule benefits leaving for a 22 % shortfall.

Before borrowing, make sure you have a reasonable prospect of earning enough income that you will be able to repay the debt easily, not using much more than 15 - 20 % of your after - tax income on debt repayment.

The couple would also like to save enough money to give them an after - tax retirement income of $ 40,000.

Many workplace benefit plans include disability insurance, but if yours doesn't, get enough to replace at least 60 % of your after - tax income.

It's common to buy enough life insurance to replace your after - tax income until your children turn 18, plus an additional amount to cover education expenses or debts.

As mentioned above, the benefit amount should be enough to replace 60 % of your income, which, after accounting for taxes, should be close to your take - home pay.

And if it is taxed, then an income benefit of 50 - 60 % of your current income, after taxes, is certainly not going to be enough to keep you solvent for long.