This could be until
funds like Social Security kick in or if they are no longer living.
This could be until
funds like Social Security kick in or if they are no longer living.
Not exact matches
You can also direct any other income streams (
like Social Security) into your money market
fund.
The result for the family who uses corporate class
funds is the opportunity to structure taxable income from non-registered accounts to keep more of the first dollars invested, avoid high marginal tax rates and limit clawbacks of
social benefits
like the Old Age
Security.
Some
funds such as federal benefits
like Social Security are exempt from garnishment.
These
funds don't provide guaranteed lifetime income,
like Social Security or an income annuity.
The money that you truly need access to at all times and that you really can't afford to put at any risk — say, a cash reserve for emergencies and unexpected expenses, cash to pay a year - to - two's worth of retirement expenses beyond what
Social Security and any pensions would cover — would go into the most secure and most liquid investments, by which I mean an FDIC - insured savings account or money - market account and / or a highly secure investments
like a money - market
fund.
It can just provide a source of
funds to be able to do other things that really help in the long run with a retirement plan,
like doing
Social Security, or doing things
like Roth conversions, or just managing your taxes in retirement because that's not taxable income.
After crediting the trust
fund with the proper amount in IOUs, the government spends the extra
Social Security tax collections just
like any other tax revenue — to finance anything from aircraft carriers to education research.
The form itself asks for only a handful of basic information — identification info
like your
social security and driver's license numbers, your employer, salary, and paydays, and finally your bank information so the
funds can be deposited directly into your account.
This is
like projecting the health of the
Social Security trust
fund by assuming everyone is a 40 - year old male.
GaryM doesn't
like to think about
funding the «unfunded liabilities of
social security and medicare.»
Employees want to know whether they receive their wages,
social security funds are interested in getting paid all outstanding contributions; all creditors of the company would
like to receive clarity about the dividend they are entitled to and other interested persons may want to know who the creditors of the company are.
They just rob their pension
fund like they rob the
social security trust to pay for tax cuts that simply are impossible to maintain... and when shit starts getting tight immediately after they do these cuts, they start blaming the things they robbed hoping they don't need to pay it back.