Unfortunately, I think I will end up with
a later retirement date than I want but at least I will know and not be guessing.
Not exact matches
Under current rules, investors are allowed to put up to $ 125,000 from a traditional IRA or employer - sponsored
retirement plan into a longevity annuity that pays out at a much
later date, anywhere from age 70 1/2 years until age 85 (with payments increasing the longer you wait).
If you continue working past age 70 1/2 and are still participating in your employer's
retirement plan, your required beginning
date under the plan of your current employer can be as
late as April 1 following the calendar year in which you retire (if the
retirement plan allows this and you own five percent or less of the company).
The target -
date fund can include annuities that begin payments at
retirement or at a
later time, offering a way to generate guaranteed
retirement income and protect your income stream
later in life.
In order to fill the void of leadership, Barnes and Noble said that Executive Chairman, Leonard Riggio, who was scheduled to retire at the close of the Company's Annual Meeting on September 14, will postpone his
retirement until a
later date.
By adjusting our thinking about the timing of
retirement to a
later date, we remove the urgency to take action.
Most target -
date retirement funds follow this general approach on the theory that investors want to take less risk as they age, although not all target -
date funds start with the same stock percentage at
retirement or end up with the same percentage in bonds, and some may not arrive at their most conservative stocks - bonds mix until you're in your
late 70s or early 80s).
If your spouse or ex-spouse's
date of birth is January 2, 1954 or
later and they become eligible to receive a higher benefit on your record while receiving
retirement benefits, they can no longer delay filing for the additional benefit.
An annuity is an #investment tool used commonly for
retirement that
later provides a regular income on a set
date or series of
dates.
(You can leave column 3, the estimate for your future spending in
retirement for a
later date.)
«She may want to consider selling her home at a
later date when she no longer wants to deal with the upkeep but holding onto it for a few years longer will bring her some added security in her
retirement years.»
If you want a higher stock allocation once you reach
retirement, you can invest in a fund with a
later target
date and an appropriate glide path and asset mix.
Funds with earlier target
retirement dates will tend to be less risky and have lower expected returns than the funds with
later target
retirement dates.
Funds with
later target
retirement dates take a more aggressive approach by allocating a greater amount of their assets to equity securities.
Simply put, the term tax deferred means that you can postpone paying income taxes at a
later date, typically in
retirement when you begin to draw income.
That means that you won't be subject to paying income taxes on the returns earned on your
retirement accounts today, but at a
later date in the future.
Pension plans help you to achieve this objective by providing you with a fixed annuity throughout your life as well as lump sum amounts that can be availed immediately post
retirement or at a
later date.