Sentences with phrase «higher than the retirement»

Not exact matches

Because a few extra years of work will boost your retirement income more than higher investment returns will, once you take the risk into account.

It's too late to tell him that working longer can deliver higher retirement income far more reliably than riskier investing.

If you take the plunge and tap your retirement plan for the cash you need to start your company, there's no guarantee that your business will generate a higher return than you'd get by keeping your money in the large - cap mutual funds it's probably in right now.

A pension sharing application may be beneficial if your income will be higher than your spouse's income in retirement and if your CPP is also likely to be higher.

Here's why: Many people don't realize that they may get socked with a 15 % excise tax as well as income - tax liability if their retirement accounts build so high that they, or their beneficiaries, eventually have to take any distribution that the IRS deems excessively large — more than $ 155,000 in 1996.

Indeed, these more immediate benefits may ultimately prove to be more valuable than the tax deferral obtained from saving for retirement should pressures on fiscally strapped governments result in higher tax rates and reduced retirement benefits in the years ahead.

If your benefits as a spouse are higher than your own retirement benefits, you will get a combination of benefits equaling the higher spouse benefit.

Tip: You'll only get a retirement benefit based on your ex's wage record if it is a higher benefit amount than you would receive based on your own wage record.

The following may be true of a potential takeover: • the company has fewer than 50 million shares outstanding; • management is dominated by persons near retirement age; • management's record on innovations and improving returns has been poor; • the company owns assets whose market values are potentially higher than those shown on the balance sheet; • outside investors have been steadily buying the stock.

The calculation decreases or increases benefits by a fixed percentage for every month you claim early or late, so people with a lower full retirement age will get more in benefits as a percentage of their full retirement benefit if they claim earlier or later than someone with a higher full retirement age.

The chance that a person is going to need the retirement fund to last longer than expected is high for someone of good health, which makes Roth IRA's lack of RMD desirable, especially if you have other available sources of income.

This self - employment retirement option has higher contribution limits than all other types of self - employment retirement plan options.

That's because withdrawals from a traditional IRA are taxable, and if your tax rates are higher in retirement than when you made the contribution, you will pay higher taxes on the money.

If you expect your tax rate in retirement to be higher than your current rate, a Roth IRA's tax - free withdrawals might make it the better choice.

But keep in mind that another solution may be better if you think you'll need to withdraw varying amounts of money during retirement or if you need your initial withdrawal rate to be set higher or lower than 4 %.

In 2016, deferred retirement earns an additional 8 % per year over full retirement age, up to age 70, meaning that if you retire at age 69 in 2016, your benefits will be 24 % higher than those for someone retiring at 66 with the same earnings history.

Investing and maintaining assets in an IRA will generally involve higher costs than those associated with employer - sponsored retirement plans.

It has been a challenge for me to find a retirement calculator that takes into account that we have a high savings rate, live on a lot less than our income, will have significant expenses drop off next year, and we have a large passive income investment in rental real estate.

This assumes they're eligible for retirement benefits and their retirement rate is higher than their rate as a widow, widower, or surviving divorced spouse.

If your earnings for the prior year are higher than one of the years we used to compute your retirement benefit, we will recalculate your benefit amount.

While higher weightings toward equities didn't make much sense for retirement in the past, it now makes more sense than what used to be conservative, such as a higher bond allocation.

If you receive survivors benefits, the additional earnings could help make your retirement benefit higher than your current survivors benefit.

Dr. Carroll is the National Director, Quantitative Economics and Statistics (QUEST), Earnst & Young and former Deputy Assistant Secretary for Tax Analysis of the US Treasury Department, finds ESOPs have higher distributions than 401 (k) plans and that 65 % of S corporation ESOPs offer an additional retirement plan compared to 45 % of all establishments.

That's much larger than alternatives such as SIMPLE IRAs and ordinary individual retirement accounts, and for high - income individuals, it makes it hard to match what SEP IRAs can allow.

From my (inexpert) perspective, a Roth 401 (k) only makes sense if you believe your income and taxes might be higher in retirement than they are now.

For instance, if you're under age 30, it's likely that your income and spending during retirement will be significantly higher than it is at the beginning of your career.

Some experts advise waiting until you reach your full retirement age, because this results in higher payments than with early benefits.

My net worth will be higher than my magic number, because I plan to own real estate, and online ventures that will provide additional income for retirement.

The Social Security Administration says that if you delay receiving your Social Security benefits until you hit 70, your monthly payment will be 32 percent higher than if you had retired at full retirement age.

Younger Gen Xers are falling further behind on retirement savings than their older counterparts, who are twice as likely to have retirement savings with high balances:

More than 20 years ago, I recognized that the one blind spot for many investors was high - quality sources of income both before and during retirement.

On the other hand, if your husband delays receipt of benefits until age 70, he earns delayed retirement credits and he locks in a benefit that is 32 % higher than the amount he receives at full retirement age (age 66) and 76 % higher than the benefit he would have received had he started taking benefits at age 62 (Source: Social Security Administration).

With greater life expectancy, more retirement - aged individuals are remaining in the workforce, resulting in a higher share of older people in the workforce than at any point since before the creation of Medicare, reported Bloomberg, with 19 % of Americans over 65 working at least part - time in 2017.

That makes them a great option if you expect to have a higher tax rate in retirement than you do now.

«Although many assume their savings will cover all of their expenses in retirement, health care costs are often higher than anticipated.

Place a higher priority on spending in retirement than the preservation of assets for your heirs.

Fund deductible accounts when your current marginal rate is higher than your expected marginal rate in retirement.

As we showed last year, average retirement income in the United States is among the highest in the world — higher than all Organisation for Economic Co-operation and Development (OECD) countries other than Luxembourg (more recent estimates from Andrew Biggs find that Norway also has higher income).

According to Morningstar, the bar for justifying these alt products in a retirement account under a best - interest obligation is then much higher than more standard products such as mutual funds and exchange - traded REITs.

Why does Canada have a youth unemployment rate of over 15 per cent; a federal debt $ 150 billion higher than when the they took office in 2006; a federation weakened by federal - provincial squabbling over health, training and pensions; greater uncertainty about retirement; widening income inequality?

It is not right for the young to be born into a situation in which they will be taxed to support their elders at a higher standard of living than they can possibly have when they reach retirement age.

Just the four appearances in all competitions as he heads towards retirement, but it's hard to place Michael Carrick any higher than this for now, despite him being guaranteed legendary status at the club.

Those bumps increased his pension from roughly $ 180,000 a year to more than $ 250,000, the highest in the state's municipal employee retirement fund.

The most recent British social attitudes survey has found that 80 % of people believe the government should be responsible for ensuring that the long - term sick or disabled have enough to live on — much higher than the proportion of people who believe the government should ensure people have enough money to live on in retirement or if they are unemployed.

Recent CentreForum reports, «Tax and the coalition» (pdf) and «A relief for some» (pdf), proposed limiting tax relief on contributions to pensions to the standard 20p rate and restricting the lump sum which can be taken tax - free on retirement to # 42,475 (the rate at which higher rate tax starts) rather than the current # 450,000.

New York also has a comparatively lower number of market - rate assisted - living and retirement communities than comparable metropolitan areas because the cost of rehabilitating older buildings is so high, a housing industry expert told the Times.

Rotators get to keep their current salary — which is often higher than the federal pay scale — and benefits, including contributions to their retirement accounts.

Stirring up a more - than - modest storm of high praise at this year's Berlin International Film Festival, Journey To The West is Taiwanese master Tsai Ming - liang's latest film (also his first after an announcement of «retirement») and...

Mazur's high - wire act is contrasted with his daily life as a suburban dad with a wife he adores (Juliet Aubrey), who wishes her husband would take a retirement offer rather than risk all of their lives.

In spite of dissent from this view by some researchers (see sidebar), in this case we find that conventional wisdom is right: the cost of retirement benefits for teachers is higher than for private - sector professionals.