Sentences with phrase «guarantee for social security»

Not exact matches

The agency, created in 1946 to build houses for veterans of the Second World War, liked to describe itself as the «heart of housing» — an enormous Crown corporation that dominated the mortgage insurance market, guaranteed complex, bond - like assets called mortgage - backed securities, and subsidized the building and upkeep of First Nations and social housing.

To stress - test your budget, he suggested practicing living off an amount equal to your guaranteed sources of retirement income for at least six months, including pensions, Social Security, annuities or — for the lucky few — trust funds.

In an era of vanishing pensions and volatile markets, Social Security offers government - guaranteed income that isn't vulnerable to market risk, can't be outlived and can provide for your loved ones after your death.

Fortunately, the type of annuity you're asking about — an immediate annuity — is (by annuity standards at least) the easiest to understand and, to my mind the type with the greatest potential for helping people who want more guaranteed lifetime income than Social Security alone will provide.

For most people with less than $ 1 million at retirement, Social Security will represent 66 percent to 80 percent of retirement income, and, again, that is a guaranteed, predictable monthly amount.

An income annuity may be the right choice for you if you have a need for guaranteed lifetime income; you know your retirement expenses won't be covered by other income sources, such as Social Security; and you have assets outside of the annuity to cover unexpected expenses.

For many people, it's helpful to start by grouping potential sources of income into 2 basic buckets: guaranteed income from sources such as Social Security, pensions, and annuities, and variable income from a job, retirement savings, and other sources such as rental real estate.

Your Social Security benefit is guaranteed for as long as you live, and it will go up over time to keep up with inflation.

The distinctions between needs and wants will be different for everyone, but once you have your list, it makes sense to match essential expenses with guaranteed income — money that you can't outlive — like Social Security, pensions, and lifetime annuities (which let you convert savings into guaranteed income).

Since women are no longer as (or at all) dependent on men for their financial and social security, men aren't guaranteed a lifetime of female companionships.

It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the poverty line, regardless of the state of the local economy.

The job guarantee will provide a backstop for our social security system, making it impossible for people who could and should be working to remain on benefits for years on end.

This may have something to do with the way these countries have established governments that guarantee a high level of social security for all of their citizens.

the regular (guaranteed) remuneration due in the position of «scientific officer», including social security expenses, to be used for support of the employment of one more researcher.

Booth was no newcomer to the anti-privatization fight, having helped to launch the New Century Alliance for Social Security in 1998, which pledged «to protect Social Security from schemes that «privatize» America's retirement system by reducing guaranteed benefits to fund private investment accounts.»

Even those who do not have an actual job can qualify for the guaranteed personal loan because this loan is available to people who rely on benefits from Social Security Retirement, Social Security Disability, Supplemental Security Income (SSI), railroad retirement and other retirement plans, as well as those whose income is derived from child support, alimony, or palimony.

If you want the guaranteed income to begin soon — say, to pay for essential living expenses beyond what income from Social Security alone will cover — then an immediate annuity would be a better way to go (although you may still want to hold off a bit to get a better handle on what your actual expenses will be after you retire).

Look for ways to enhance income, such as delaying Social Security payout or putting a portion of savings into a guaranteed income source, like an annuity.

To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming Social Security benefits; considering whether you want more guaranteed income than Social Security alone offers (which is where an annuity might play a role); and, settling on a withdrawal rate that has a reasonable shot at making your savings last as long as you do.

If, for example, after toting up your retirement living expenses (which you can do by going to BlackRock's Retirement Expense Worksheet), you see that your monthly Social Security benefit covers all or nearly all of your essential living expenses, then you may have all the guaranteed income you need.

One possible strategy for retirees, is to use part of their investment portfolio to buy just enough annuity payments (combined with their Social Security payments) to guarantee a minimum standard of living regardless of how poorly the rest of their portfolio performs.

Our bilateral social security agreement with Switzerland applies when double super coverage occurs — that is, when you or your employee would otherwise have to make super guarantee contributions (or equivalent) in both countries for the same work by your employee.

But if you feel you want more guaranteed income than you'll collect from Social Security and any pensions — and you're willing to take these prudent steps to ensure you're getting a competitive payout and that you can truly rely on the annuity's promise of income for life — an immediate annuity is at least worth considering.

One way to get at which of these options, each with its own advantages and disadvantages, make the most sense for you is to ask yourself this question: Would your retirement prospects be better if you had more guaranteed income beyond what you'll already get from Social Security or if you had more in accessible savings than you already have in 401 (k) s, IRAs and other retirement accounts?

For many people, it's helpful to start by grouping potential sources of income into 2 basic buckets: guaranteed income from sources such as Social Security, pensions, and annuities, and variable income from a job, retirement savings, and other sources such as rental real estate.

Our bilateral social security agreement with the Republic of Poland applies when double super coverage occurs — that is, when you or your employee would otherwise have to make super guarantee contributions (or equivalent) in both countries for the same work by your employee.

Sixty - one percent of people age 55 to 75 place a high value on having guaranteed income to supplement Social Security.2 For some people, annuities can be a valuable addition to a portfolio that includes Social Security, retirement savings, and other investments, because they can add an element of protection and guaranteed income.

You can qualify for the guaranteed personal loan if you are not working but receive income from Social Security, SSI, retirement, or other benefits and entitlement programs.

Our bilateral social security agreement with Belgium applies when double super coverage occurs — that is, when you or your employee would otherwise have to make super guarantee contributions (or equivalent) in both countries for the same work by your employee.

Our bilateral social security agreement with Croatia applies when double super coverage occurs — that is, when you or your employee would otherwise have to make super guarantee contributions (or equivalent) in both countries for the same work by your employee.

• The following are included in annual income to qualify for an RHS guaranteed loan: − Gross amount of wages, salaries, overtime pay, commissions, fees, tips, bonuses and other compensation for personal services of all adult members of the household − Net income from the operation of a farm, business or profession, interest, dividends and other net income of any kind from real or personal property − Payments from social security, annuities, insurance policies, pensions, unemployment, workers compensation, alimony and / or child support and other types of periodic receipts.

A DIA is the only way for an individual to purchase a future stream of guaranteed income — like that offered by pensions and Social Security — by him or herself.

And if you decide that you would like more guaranteed lifetime income than Social Security alone will provide, you can always consider converting a portion of your nest egg to an immediate annuity in return for lifetime monthly payments.

Our bilateral social security agreement with the United States applies when double super coverage occurs — that is, when you or your employee would otherwise have to make super guarantee contributions (or equivalent) in both countries for the same work by your employee.

He adds these scenarios could be excellent opportunities for participants nearing retirement age to make necessary changes in order to achieve their retirement goals, whether it be aiming for a different income - replacement ratio or seeking guaranteed income outside of Social Security benefits.

For example, an annuity generally makes the most sense if you feel you want more guaranteed lifetime income to cover essential living costs than Social Security and pensions alone can provide.

Which brings us to the first question you should ask yourself to determine whether you're a candidate for an annuity — namely, do you think you'll need more guaranteed income than you'll already receive from Social Security and any pensions you may be eligible for?

For over eighty year, Social Security has provided Americans like you with a stream of guaranteed income that gives certainty in retirement and makes budgeting easier.

In fact, when asked about the intended uses for indexed annuities in another recent LIMRA survey, respondents» top three responses involved retirement planning, including supplementing Social Security or pension income, accumulating assets for retirement, and receiving guaranteed lifetime income.

If retirement is years away, there is no guarantee that you'll ever see a return for all those Social Security taxes that you've paid over the years.

Not everyone had guaranteed pensions but many more did than today, and the Social Security retirement program was not jeopardized as it may (partially) be for future beneficiaries.

The main issue, then, for you and any other retiree or near - retiree considering an annuity, is whether you actually need more guaranteed retirement income than the amount you're already scheduled to receive from Social Security.

• Social Security for women • Facing retirement alone • Ways to cover long - term care expenses • Marriage and divorce near retirement • Ways to guarantee your retirement income

Annuities certainly aren't for everyone, but generally I think people who feel they need more guaranteed income than Social Security alone can provide should consider putting some (but not all) of their savings into two types of annuities that are relatively easy to understand and evaluate: immediate annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down the road.

In addition, as fewer employees plan to rely on defined benefit (DB) plans for retirement income and fewer trust that Social Security will be there for them, the RCS found many employees are showing interest in guaranteed income products.

Projecting future wealth and known future income streams can be a good starting point for estimating a future marginal tax rate (e.g., what will tax rates be for the retiree who already has Social Security benefits, portfolio interest and dividends, real estate or other passive income sources, and / or Required Minimum Distributions [RMDs]-RRB-, but clearly some uncertainty remains, not the least because Congress could just outright change the tax laws between now and then (although even higher tax rates in the future is not a guarantee that Roth conversions are a good idea today!).

Although no one can guarantee that you will receive Social Security disability benefits and the process can be frustrating, if you are approved, the reward is monthly payments, often for life.

There is such a thing as Social Security Disability Insurance that you can apply for, but there's no guarantee you'll get benefits.

If you are permanently disabled, have serious health issues, or have a mental disorder that you are currently collecting Social Security or SSDI for, guaranteed issue life insurance may be your only option to secure coverage.

However, if you want to purchase additional guaranteed income: • Purchase an annuity • Purchase a higher social security future benefit amount • Inquire at your employer for you to purchase years of service to get higher benefit