Sentences with phrase «lower than my spouses»

If my benefit is considerably lower than my spouses should I wait and take a spousal benefit when he / she applies or take mine now and apply for an increased spousal benefit later?

Not exact matches

Depending on the situation (like if your spouse is out of work, or if they are in a lower tax bracket than you), contributing to an RRSP might be a great idea even if you have enough retirement savings.

The data also shows that more women arrive in Canada as the spouses of economic immigrants or as non-economic newcomers or refugees and have lower employment rates and earn less than the average wage.

This strategy may work best if you're younger than full retirement age and you will have a low monthly benefit at FRA compared with that of your deceased spouse.

And as Johnson and Loscocco note, married black couples are at greater risk of divorce; they have lower marital happiness and satisfaction than white spouses; they disagree more than white spouses about such things as sex, kids and money; and black women get less benefits from marriage than white women and even black men do.

Women are overrepresented in low - paying jobs and earn on average 19.1 % less than their male counterparts in the same job, meaning they are unfairly disadvantaged if they have a foreign spouse.

«To set the figure significantly higher than even the # 13,400 gross annual wage effectively denies young people and many thousands of low - wage earners in full time employment the ability to be joined by their non-EEA spouses from abroad unless they happen to have wealthy relatives or to have won the lottery.

Analyses by the National Center for Health Statistics, for example, indicate that marriages between spouses of the same race or ethnicity have a lower divorce rate after 10 years than interracial or interethnic couples (31 percent versus 41 percent).

But if it's in the lower income earner's hands, it would be taxed at a lower rate than the higher income spouse.

In this case if one spouse has a higher income than the other (and therefore higher marginal tax rate), it would make sense to keep all investments in the name of the lower income spouse so that the investment income is taxed at a lower rate.

This results in a lower taxable income on the final tax return of the first spouse than the survivor.

If your spouse or common - law partner is in a lower tax bracket than you, shifting this income to his or her hands helps lower the total family tax bill.

In some cases, it would make sense to pay the tax on the RRSP from the deceased spouse's final tax return, if the tax rate is lower than for the surviving spouse.

This is a variation on the above strategy, but in this case, rather than the lower - income spouse buying the investments with his or her own money, the higher - income spouse lends money to the lower - income spouse, who then uses it to buy the investments.

Setting up a spousal RRSP is a good idea if you expect your spouse or common - law partner to be in a lower tax bracket than you on retirement.

Joint life annuities produce the lowest payments because the combined lifespan of both spouses is greater than for a single spouse.

«If your spouse is younger than you, your minimum withdrawal would be lower than if it were based on your age, but you have to elect whose age to use before your first RIF withdrawal, and once you choose, you can't change your decision.»

But if you file for benefits at 62 rather than wait, and lower your payments in the process, your spouse will get less money each month as well.

If you and your spouse file as Married Filing Jointly, your tax may be lower than your combined tax would be for another filing status.

You and / or your spouse have a lot of medical expenses (especially if one spouse has a lower Adjusted Gross Income amount than the other spouse)

If one spouse doesn't work, the newly married spouse's tax burden will go down, since married taxpayers filing jointly pay lower taxes on combined income than single people with the same taxable income.

This would result in a lower monthly retirement payment than the single annuity option, but your spouse would continue to receive a portion of your retirement income after your death.

If the combined monthly amount you and your spouse would be required to pay under Pay As You Earn is lower than the combined monthly amount you and your spouse would pay under a 10 - year Standard Repayment Plan, you and your spouse are eligible for Pay As You Earn.

If you have a spouse, partner or kids in a lower tax bracket than you, consider a prescribed rate loan strategy whereby the higher - income spouse or partner loans funds to the lower - income spouse or partner to invest at the record low prescribed rate, which is at one per cent until at least March 31.

If your spouse is your sole beneficiary and is more than 10 years younger than you, an alternate calculation, which may result in lower RMD amounts, should be used.

Generally speaking, families where one person is a high - earner and the other spouse is a low - earner or not in the workforce fare better than couples who make similar incomes.

Can the family court award property to one spouse at a lower value than the other spouse is willing to take it for?

In a divorce, a spouse with a lot of wealth may try to hide assets in order to make their income appear lower than it is, and so that these assets will not be a part of the Tennessee equitable distribution award.

the spouse derives a significant portion of income from dividends, capital gains or other sources that are taxed at a lower rate than employment or business income or that are exempt from tax; and

the spouse lives in a country that has effective rates of income tax that are significantly lower than those in Canada;

Spousal riders are less expensive than taking out a whole separate policy for your spouse, but that's because they offer lower coverage.

If the retired spouse dies, those payments may be reduced for the survivor — survivor benefits are often much lower than retiree benefits — while many of the ongoing expenses remain.

These two important riders make it possible for an applicant to add their spouse and children to their term insurance thus creating a family life insurance plan at a lower cost than separate policies.

Since a surviving spouse's living costs tend to be higher than half the living costs of two people, many financial advisors and planners choose an income payment somewhere above 50 %, though it should be noted that lower payments generally mean a higher death benefit.

If the loan principal amount is lower than the policy's death benefit at the time that a payout is made, your secondary beneficiary (for example, business partner or spouse) will receive the difference after the primary beneficiary (the lender) receives its payout.

Like an immediate annuity if you select the option that lasts for you and your spouse's lifetime, the payment is slightly lower than the straight lifetime option.

On measures of psychological adjustment, unhappily married adults had significantly lower levels of global happiness, were more likely to show symptoms of depression, and had a lower sense of personal mastery and lower self - esteem than happy spouses.

They also had lower average household incomes than unhappy spouses who stayed married.

Happily married spouses who ended up divorced five years later were significantly less happy, showed more symptoms of depression, had less sense of personal mastery and lower self - esteem, five years later, than happy spouses who avoided divorce.

In the collaborative process, the financial professional works with both spouses, usually at a lower rate than the attorneys, to fill out the required financial affidavit and ensure the required disclosure.

For example, ending a «high conflict» marriage - one where one spouse fears domestic violence - requires very different steps than ending a «low conflict» marriage - one where unhappiness drives one or both spouses toward dissolution.

Under the old tax law, because the spouse receiving alimony or spousal maintenance is usually in a lower tax bracket after a divorce, more money stays with the divorcing couple rather than going to the Federal Government.

In this study, those who lived with their eventual spouse before having a mutual and clear commitment to marry reported lower levels of marital quality than those who waited until after planning marriage or getting married to move in together.

If neither social insurance record satisfies the qualifying conditions, or if the rate of pension payable is lower than the person was getting before they re-married or entered the second civil partnership, the person will receive the pension they were getting after the death of their first spouse or civil partner.

In Egypt, there was a significant interaction between relationship type and participant sex, Wilks» Lambda =.75, F (2, 36) = 6.13, p =.005, partial eta squared =.25, such that whereas women reported similar ideals for communal strength towards spouses and mothers and less towards best friends, men reported lower communal strength towards spouses and best friends than toward mothers.

If you are the lower earning spouse and are curious about whether your ex-spouse's benefits are more than 50 % higher than your benefits, contact the Social Security Administration who will provide you with the benefit amounts to which you may be entitled after first verifying your relationship to your ex-spouse.

The mean mental health summary score of widowed persons in age heterogamous unions is 2.4 points lower than that of widowed persons who were previously married to spouses who are similar in age.

Consistent with this explanation, spouses in our study, on average, shared 19 % of their possible selves, a much lower estimate than observed when people appraised shared goals (more than 60 % shared goals reported by Meegan & Goedereis).

There are many reasons why your spouse may show a higher or lower level of affection than yourself, including the quality of your attachment styles, communication, individual coping skills, and health status.

Partnered men show both high PRQ and NRQ than do partnered women, suggesting that more older men than women experience ambivalent feelings toward their spouse or partner and more women than men have relationships of indifferent quality, with relatively low costs and relatively low benefits.