Sentences with phrase «if retirement assets»

If retirement assets are an issue in a case, the parties and their counsel would do well to research and subpoena, if necessary, information regarding the assets early in the case, and to seek outside expertise as needed.

For example, if retirement assets (pensions, profit - sharing plans, 401 (k) plans, or other tax - deferred retirement - type plans) are involved in your case, a special court order called a QDRO (Qualfied Domestic Relations Order) or a DRO (Domestic Relations Order) or a similar type of court order dividing retirement plan interests must be prepared, approved by the retirement plan administrator, signed and filed by the judge, served on the retirement plan administrator and then implemented by that plan administrator.

As an example, if retirement assets are not sufficient, then maybe discretionary expenses can be reduced.

If retirement asset accumulation took place within a single public fund and if the public fund owned shares in thousands of companies, Congress or public trustees would have to decide how these shares should be voted.

Not exact matches

«If you can diversify the tax treatment of your assets over time it can benefit you so you have more tax flexibility when you hit retirement.»

«If you're a novice investor, the best thing to do is go to Vanguard, open up a Vanguard account and pick a Vanguard target date retirement fund, because it's going to give you exposure to different asset classes,» Solari said.

If you adjust the projections to account for the rising employment rate of people like Levitt, the drop - off in retirees» spending as they age, and the value of fourth - pillar assets, Canadians may well be over-saving for retirement, Vettese adds.

Penalty May Be Waived by Switching to the Five - Year Option If the retirement account owner died before the required beginning date (RBD), the beneficiary may be required to distribute the assets within five years or over his or her life expectancy.

Wiseman says the CPPIB takes no position on whether the Canada Pension Plan is sufficient given overall retirement needs or what changes may be required, but says it has the organization has a «platform» of people, relationships and assets that can be expanded if policy - makers decide that's necessary.

If you happened to purchase your annuity inside of an individual retirement account or Roth IRA and have no surrender charge, you can transfer the entire balance to another IRA as a trustee - to - trustee transfer, just as you would with any other IRA asset, deferring the tax.

Meanwhile, if you are younger than 59 1/2 and turn to your retirement assets to pare down debt, you will pay an early - withdrawal penalty of 10 percent unless you meet one of a few exceptions.

If you have 30 years in retirement, a «safe» strategy may not grow your assets enough to keep pace or outpace inflation, which could lead to struggles down the line to maintain your standard of living or manage a big medical bill, Stinchcombe said.

Those who are just retired are not affected if they have chosen annuities as opposed to self - managed withdrawals as the means of converting their accumulated assets into retirement income.

If you don't do so, delaying Social Security could leave you withdrawing from your other assets more quickly than you should, which could be a problem later in retirement.

Faced with the challenge of living off their assets for 30 - plus years after their working lives are over, it is not surprising that for most people around the world, retirement security is a significant, if not the most significant, financial goal.

Additionally, assuming you are able to max out your retirement you can actually put more into your Roth than a Traditional through the backdoor (not really viable if you already have IRA assets, check your tax situation)- > thus saving more.

If you haven't taken the time to draft a living will or outline exactly how you want your retirement funds — and any other financial assets you own — distributed upon your death, there is a risk that your significant other may not see your hard - earned dollars.

In this way, if I die five years past retirement and have exhausted 20 % of my assets using the (again, very rough) 4 % rule, the remaining 80 % automatically gets distributed to my beneficiaries.

«While real estate is a great asset to invest in, I warn investors nearing retirement of the risks that leveraging yourself could bring if things don't go right,» said Reiner.

Of course, asset allocation is rooted in the idea that maximizing returns isn't the only objective of an investing strategy: You also want to manage risk, especially if you're getting closer to retirement and wouldn't have time to recover from a significant loss in the market.

If I find myself flush in retirement assets in a few years, I might dial that back a bit (in full consideration of taxes) and put more money toward our home or current assets.

If you're like most people, your lifetime net worth will be primarily comprised of two major assets: your home and your retirement account.

«With brokers advising on approximately $ 2.8 trillion of IRA assets — even more if employer retirement plan assets are included — the scope for harm to investors is large.»

The Employee Benefit Research Institute (EBRI) undertook a study examining the extent to which the non-housing assets of certain retirees changed during their first 20 years of retirement (or until death, if earlier).

If you do not know how much money is in the retirement accounts, you will need to take an inventory of your marital assets.

I may be able to get by on all taxable until 59.5 depending on how long I make it in the workforce, but I will happily start tapping my Roths prior to that if need be via withdrawing my contributions directly and by establishing a Roth conversion ladder by slowly rolling my Traditional retirement assets to Roth.

@ Bob — if you're a retiree (or nearing retirement) then you may wish to avoid currency risk by investing in the UK i.e. by investing in assets of the same currency as your liabilities.

Here's another rule of thumb to consider: If you are drawing under 5 percent of your total retirement assets annually, and you haven't yet collected social security, you are likely trending toward a large surplus and should consider Roth IRA conversions to ease some Required Minimum Distribution and end - of - life tax issues.

If 100 percent of your retirement portfolio is needed to generate dividends for today's income, you don't have enough growth assets in reserve.

This may be important because if you're trying to stretch your assets, you'll want to withdraw money from your retirement accounts as slowly as possible.

This may be right for you if you have no desire to roll these assets back to a qualified retirement plan at a future employer.

While subject to minimum required distributions, this may be a good choice if you want to continue the tax - deferred growth potential of inherited retirement assets and avoid the impact of immediate income taxes.

If Rose is a moderately conservative investor, and experiences a 20 % decline in her retirement assets one year, she may be extremely unhappy and be tempted to sell.

If you are fortunate enough to have more than sufficient retirement income and assets, here's a strategy that can be a great way to transfer wealth to the next generation.Traditional IRA balances can be converted to Roth IRAs in part or in whole and there is no limit on how often this can occur.

A legal separation will most likely involve the division of your retirement plan assets which, if not done properly, can create big tax headaches and other issues down the road.

«If premiums are paid properly and the policy is monitored through the years, permanent life can be a very beneficial financial asset that can help supplement a person's overall retirement and estate planning,» Aita said.

Roth IRAs are a great location for the assets of many savers, particularly if you think you may need to tap into those funds at some point before retirement because you can withdraw contributions from a Roth IRA tax - free at any time.

Therefore, if your ex-spouse gave up any claim to retirement assets in a divorce, make sure your IRA beneficiary designation form is updated to reflect that change.

Potential annuity purchasers become more exposed to longevity risk the lower the returns they earn on their assets (your capital is more likely to run out if you aren't earning enough interest to fund your retirement).

There are also restrictions on how and when employees can withdraw these assets, and penalties may apply if the amount is withdrawn while an employee is under the retirement age as defined by the plan.

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.

If you're making 6 - 9 % interest on your retirement savings, then your retirement assets should experience compound growth, meaning that the difference in target retirement assets between 60 and 65, should be a vastly greater value than the difference in retirement assets between 25 and 30.

If tapping home equity is only a temporary solution to bridge the gap until you start to draw down your retirement assets or start receiving guaranteed income payments, consider applying for a home equity line of credit while you're still employed and more likely to qualify for the best rates.

Since the growth of your policy's cash value is tax - deferred, variable life insurance might be a good consideration if you've maxed out your retirement account contributions, have a sizable portfolio of more liquid assets (such as in your brokerage and savings accounts), and are looking for an additional investment vehicle that also offers coverage to your dependents should anything happen to you.

For example, if you're single, have a stable job, low debt levels, you're planning for retirement in 40 years, and risk doesn't bother you, you can consider putting 80 % to 90 % of your investments in risk - type assets.

You should also consider creating a plan for taking distributions; use our Planning & Guidance Center to help determine if your assets will provide the income you need during retirement.

The glitch which caused me to have a momentary panic attack was a notification that 60 % of my retirement assets were with one stock... now if you know me or if you followed me around (that would be weird don't do that) you would know that before Personal Capital I logged into my retirement accounts about once a month just to see what's happening.

After all, if the people behind your business represent your most valuable asset, then managing the entire process — from recruitment to retirement — spells the difference between a sustainable business and one that fizzles out sooner than later.

If you want to leave your children an inheritance, consider this when figuring out which assets you'll have to fund your retirement and how much you want left to pass on, Frankle said.

As your retirement needs and market conditions change, so should the amount you draw from assets if you want to avoid running through your savings too soon or being left with a big pile of cash in your dotage.