Sentences with phrase «larger than the lump sum»

Not exact matches

«Making smaller, regular contributions throughout the year is much easier than making one large lump - sum contribution to your RRSP,» he said.

Rather than take a large lump sum from one plan, it should be broken up and removed in smaller chunks over time from more than one plan (if possible).

For example, customers can use consumer credit to pay off large ticket items or a holiday shopping spree over the course of a couple months rather than in one lump sum.

A balloon payment is a lump sum paid at the end of a loan's term that is significantly larger than all of the payments made before it.

Legally, candidates for the state Senate or Assembly are not required to itemize purchases less than $ 50, but investigators wondered whether lump sums categorized as «unitemized» — or large unspecified credit card charges — concealed purchases of goods or services unrelated to a campaign.

A balloon payment is a lump sum paid at the end of a loan's term that is significantly larger than all of the payments made before it.

Making a payment larger than your minimum payment amount can sometimes advance your due date, meaning another payment on your student loans won't be due until your minimum payments catch up to your lump sum payment.

If you do not request a deferment or forbearance and instead make payments under an income - driven plan during your Peace Corps or AmeriCorps service, you could possibly receive credit for a larger number of qualifying PSLF payments than you would if you received a deferment or forbearance and then used your Peace Corps transition payment or Segal Education Award to make a lump - sum payment on your Direct Loans.

Dollar - cost averaging is when you invest consistently, or average, into the market, rather than be vulnerable to the market conditions at the time at which you invest a large lump sum.

Even if you're struggling with debt, it would be a good idea to make a few large lump sum payments at least twice a year to indicate that you do have some cash to pay down the debt — send them at least three or four times more than the minimum required.

It does make sense to try to get people to spread their withdrawals out earlier, rather than having the estate end with a large lump - sum tax, though the argument can be made that the current minimums are too high.

Pound cost averaging Pound cost averaging is when you drip feed money into shares or units on a regular basis rather than committing a single larger lump sum.

If the companies could continue to afford the benefits, the benefits would be much larger in present value terms than the lump sum accumulated in their DC plans.

If you plan on making large lump sum payments each year, than there may be better ETF options out there than TD - efunds.

In return for proving that you simply can not afford their demands, the IRS will reduce the amount of money you owe, and offer you an easier repayment schedule, typically extending the payments out over a period of several years, rather than requiring that you pay everything all at once in a large lump - sum.

The «cashing out» part of the equation requires you to take out a larger home loan than you currently have so you can receive the difference as a lump sum.

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

CareCredit allows you to make smaller reoccurring payments without interest — this gives you more flexibility than having to pay a large lump sum for services.

Depending on the policy, you pay one lump - sum premium or a few large annual premiums — typically for fewer than 10 years, according to LIMRA, an industry research and consulting group.

It's also worth considering buying a larger death benefit than your beneficiaries will need because life insurance benefits are paid out in a tax - free lump sum, and if invested, can reap a significant amount of interest even in the very first year.

After you're gone, you generally want to be providing monthly living and health care expenses to the trustee, rather than giving them a large lump sum (which is common with most life insurance).