Sentences with phrase «like withdrawing money»

Most people who sign up for this don't understand what they're getting into, and break the rules of the account (like withdrawing the money).

It is kind of like withdrawing money from the bank, but never making a deposit.

Because the cash value component of a life insurance policy is essentially an investment, you can do many of the same things you can with a traditional investment vehicle, like withdraw money from it.

Because the cash value component of a life insurance policy is essentially an investment, you can do many of the same things you can with a traditional investment vehicle, like withdraw money from it.

Not exact matches

Like our CDs, money must remain in these various accounts for a predetermined amount of time before the depositor is eligible to withdraw the principal deposit and earned returns.

Like traditional IRAs, Roth IRAs also have a 10 % additional tax penalty for withdrawing money before you are 59 1/2 years old.

You've got to be aware of the regulations, which vary from province to province, when it comes to things like when and how the money can be withdrawn.

The debit card means you can withdraw and use your savings money at stores like a checking account debit card.

Money market accounts are used just like a savings account: you can deposit, withdraw and transfer mMoney market accounts are used just like a savings account: you can deposit, withdraw and transfer moneymoney.

Unlike other cryptocurrency exchanges like Zebpay, Unocoin, LocalBitcoins.com etc; in which you've to transfer funds to their bank accounts, this exchange gives a personal unique bank account number to its account holders to deposit and withdraw money.

A bonus for retirees: The money you withdraw from a TFSA isn't considered income, so retirees can take money out without it affecting retirement benefits like Old Age Security, which decreases with higher income.

You know, it's like going to the bank to withdraw money; you really want the money rather than an excuse.

DEETS: Fat is like the money in a high - interest linked savings account — you can't just withdraw it.

You'll feel more comfortable once you make your decision because one of the things that I have seen so many times happen to other people is their partners get so invested in their creative career, that if they don't make huge money right away and sell a boat load of books right away they start to withdraw and get disappointment because they were thinking of it like writers in a movie or on TV, like Castle.

You can add to your savings account as often as you like, but banks have limits on the number of times you can withdraw money from a savings account per month.

To gauge how likely it is that your nest egg will be able to support you throughout a long retirement based on the amount you intend to withdraw and how your money is invested, you can go to a tool like this retirement income calculator.

You may then withdraw money from any ATM, like you would with a debit card.

If this sounds impossible after all the cash you're planning to pour into your home purchase, shoot for keeping at least 10 % of your annual income in savings, and come up with a back - up plan if you need more, like borrowing from friends or family or withdrawing past contributions from a Roth IRA if you have one (you'll pay no tax or penalty on that money).

Debit Card — This plastic card looks like a credit card, but it is used to withdraw money from a savings or checking account.

Something as easy as cupping your hand over the keyboard when inputting your PIN number at the checkout — like you do with your bank card when you withdraw money from the ATM machine — is an easy way to do this.

I'm so confused by this because you say you don't like IRAs because they have penalties for withdrawing the money early, but then you promote their new product Stash Retire, and say you're going to do that too.

Investing in a CD is a lot like making a deposit into a savings account: The bank agrees to pay you a certain amount of interest on your deposit, and in exchange you are unable to touch (or withdraw) the money for a certain period of time (often three, six, 12, or 18 months or more).

In retirement — not 30 years but more like 10 — I plan to withdraw as needed into a US bank account and use the money to snowbird in the winter.

(people in this case lose more on surtaxes and the like when they withdraw the money than they gained by having it grow tax free)

I would also like to maintain control of the money and be able to withdraw it (for my own use) in case of emergency, or in case she doesn't need the money or decides not to go to college.

The great thing about online savings accounts is that you can withdraw your money at any time, and you are not locked into doing silly tasks like you are with high - yield checking accounts.

Research shows that if you retire at 65 (not 55 or 56 like the Petersons) you would need a nest egg that's 25 times the annual amount you plan to withdraw to ensure little risk of ever running out of money.

When you withdraw money from your TFSA, however, it's treated like any other account withdrawal, and you don't have to pay tax.

Sure, they'll pay taxes on the money when it's withdrawn later on in life, but it won't be needed like it is when someone is just starting out in the workforce

I like the TFSA for its flexibility (although for some people being able to withdraw money without penalty is a bad thing).

After you've reached the age of 59 1/2, you can withdraw as much money from your annuity as you'd like without facing any penalties.

At the time of maturity of SIP's at that time like every month, I have to collect my money on a monthly basis or I can accumulate all those matured Monthly SIP's all at a time to withdraw money.

I'm not advocating withdrawing from retirement for minor things — but I like that idea that you can get at the money if you need it or if the mindset is that it will also be used for college etc..

For instance, if you were a computer programmer and jobs are scarce in that industry, and you would like to tackle a new career, you could withdraw money from your Roth IRA to pay for nursing / medical school, where the industry is still actively recruiting for qualified people.

OK, my RRSP Reality check shows that by saving 150 $ / bi-wk i'll get close to 1million @ 65 yrs old and then be able to withdraw something around 37 000 $ / yr'til i'm 90 yrs old... and thats it if i don't want to jump MTR.What if i get to save all that money in TFSA and still get the 37 000 $ / yr and when i want to do something very special (or most likely out of my control like sickness) the money is there and i can just call my financial advisor and ask please withdrawal this much $ $ $, without thinking of taxe consequences.

These accounts work much like Roth IRAs, allowing you to make nondeductible contributions, build up investment earnings inside the account, and eventually withdraw the money, including earnings, without paying any tax if the money is used for college expenses.

Many variables make the decision very difficult to quantify, and some of the questions that arise can't be answered without a crystal ball, such as what tax rates may be like in the future when you withdraw money from your IRA.

Like the other IRAs, you will be penalized if you remove money before the age of 59 1/2 and you will need to start withdrawing your savings at the age of 70 1/2.

The return of the growth is calulated after substracting the MER.75 % of the principal is guarenteed at maturity.You can also withdraw 10 % without any penality in every year from the segregated funds.You can also do SM through Manuone.If you can put 10 % with CMHC insurance, either borrow a lumpsum from the subaccount, if you have the equity, or can use dollar cost averaging.In this case you pay only prime rate for the mortgage aswell as for the subaccount just like a credit line.The beauty of the mauone is that you can pay of the mortgage at any time if you have the money.Any money goes into your account will reduce your principal amount, and you pay only the simple interest at prime for the remaining principal.With a good decipline and by putting the tax returnfrom the investment in to the principal will reduce the principal subsatntially.If you don't have the decipline don't even think of this idea.I am an insurance agent, recently I read this SM program while surfing the net, I made my own research and doing it for my clients.I believe now 20 % downpayment can get a mortgage without cmhc insurance.Fora long term investment plan, Manuone with a combination of Segregated fund investment I believe is the best way to pay off the mortgage quickly and investment for the retirement.

And after age 65, the money can be can withdraw for any purpose penalty free but taxed just like your traditional retirement account.

Brokers work like a special type of bank account where you can deposit or withdraw money.

Like traditional IRAs, Roth IRAs also have a 10 % additional tax penalty for withdrawing money before you are 59 1/2 years old.

You put in money after - tax, let it grow, withdraw it tax - free: what's not to like?

Much like a Roth IRA, a Roth 401k allows you to invest your after - tax money, which then means that you can withdraw funds tax - free in retirement.

HELOCs function like a credit card, only charging borrowers interest on money withdrawn that isn't quickly repaid.

I would like to withdraw money from my rsp to pay bills.

And I would like to withdraw my money at some point... preferably when I go back in 7 years.

We have $ 100,000 to invest and would like get around 8 - 10 percent in mutual funds (after fees) and we want to start withdrawing in 5 years ($ 8,000 a year) We don't want to run out of money.

Providing you've picked an easy - access ISA, you can withdraw the money whenever you want, just like a normal savings account.

She likes to withdraw her money using EFTPOS.