Sentences with phrase «lump sum contributions using»
529 college savings plans also allow for larger lump sum contributions using 5 - year gift tax averaging.
http://www.finaid.org/ Not exact matches
How do I go about making contributions using this strategy if I want to make pre-authorized monthly payments, as I do not have a large lump sum to invest?
If you are making small monthly contributions, why not use leverage in a line of credit to make a lump sum purchase of, let's say, $ 10K in your ETF.
A defined Contributions scheme provides you with a lump sum on retirement that you can use to purchase the annuity of your choice.
Simply put, an annuity is an insurance product that can be purchased to provide a sum of money either in the form of a lump - sum or ongoing contributions, such as in the form of monthly or annual payments used as income in retirement.
A good compromise is to make a lump - sum contribution to your RRSP close to tax time and then use the refund to a make a prepayment on your mortgage.