Sentences with phrase «on annuity payments»

This plan runs on annuity payments at regular intervals.

You only pay tax on the annuity payments as they're made to you.

You can count on the annuity payment to be stable whether interest rates are rising or falling.

Your first annuity payment will be paid one month / three months / six months or one year after the commencement of this policy, depending on the annuity payment mode chosen by you - monthly, quarterly, half - yearly or yearly respectively.

Not exact matches

Based on the review, MetLife uncovered about 14,000 group annuitants across Brighthouse businesses «who may be owned annuity payments now or in the future,» Steigerwalt said.

After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen.

Both payment options have federal and applicable state taxes deducted from them, although with an annuity option you pay taxes gradually on each annual payout, not all at once like with the cash option.

Depending on the type of immediate annuity you buy, payments can be distributed on a monthly, quarterly or annual basis.

The amount of income you receive from an immediate annuity depends on factors such as your age, gender and the length of your payment period.

Depending on the type of annuity you buy, you may begin receiving payments immediately or defer them to a later date.

A variable annuity allows you to invest your money in different ways (e.g. in different mutual funds) and the payments you receive will depend on how much your investments make.

There are multiple types of annuities and the exact payment structure will vary based on the terms that you agree to with the insurance company.

You can also buy an inflation - indexed immediate annuity so that your payments are indexed based on the inflation rate.

However, income annuities (sometimes referred to as «immediate annuities» or «deferred income annuities,» depending on when income payments begin) do offer a predictable guaranteed stream of income that you can't outlive.

Preferred Plus variable annuity, available through the retirement plans of 403 (b) organizations, pays you a 4 % bonus on every purchase payment you make.

The money in your annuity — which you invest as a lump sum or through a series of payments, depending on the policy you choose — generates a stream of income paid to you for your lifetime.

Variable annuities offer the opportunity to earn more than the guaranteed payment, depending on the performance of the investments.

«We also believe that there will be a greater emphasis placed on benefit riders with variable annuities to validate their compensation payments, as the Department of Labor has expressed skepticism regarding the tax benefits of certain products when used within tax - qualified accounts,» the report says.

In these plans, the annual retirement payment, or annuity, is based on the product of three variables: years of service, a formula factor, and the «final average salary.»

If, on the other hand, your Social Security and any pension payments fall well short of covering your essential expenses, then you might want to consider closing or narrowing that gap by devoting some, but not all, of your nest egg to an immediate annuity that can generate additional lifetime income.

With fixed immediate annuities, the payment is based on a specified interest rate.

Immediate Annuity — An annuity purchased with a single premium on which income payments begin within one year of the contract date.

Just as some banks pay higher rates of interest on savings accounts and CDs, so do some insurers make higher payments on their annuities.

And while the monthly payments the group received in the scenarios above could vary from month to month based on investment earnings and whether or not someone died, an insurer's immediate annuity states in advance how much you'll receive each month (although some immediate annuities may increase their payments based on the inflation rate or other factors).

It represents the earnings on any annuities that were purchased with non-super or employment termination payment money.

As you cut back on work, replace the work income with things like annuities and reverse mortgages that will pay out over time in exchange for a lump payment.

Remember that annuity lifetime income guarantees are based on your life expectancy at the time you start the payments.

I retired on December 31 and my first full annuity payment, with credits for underpayment, was received in early April.

Remember that annuity payments are primarily based on your age at the time you take the payment, so the older you are the higher the payment.

The «72 (t)» annuity exemption allows you to dodge the early withdrawal tax by taking «substantially equal periodic payments» based on life expectancy.

Earnings from both fixed and variable annuities are tax deferred, so you don't owe any taxes on them until you take annuity payments at the annuity starting date or if you take distributions before that.

Single Premium Deferred Annuity: A deferred annuity funded by one lump sum, which will begin to provide payments to the account holder on a specified future date.

All annuity payments are based on a conservative 2 per cent growth rate after estimated 3 per cent inflation.

You can see what size payment you (and a spouse or partner if you have one) might receive based on different ages and amounts invested by going to this annuity payment calculator.

Fixed annuities guarantee a fixed payment amount, while variable annuities pay a varying amount depending on the fixed amount of initial investment.

Annuity units: An accounting measurement used to determine the annuitant's ownership in the separate account during the annuity period when payments are being made to the investor on a variable annuity contract.

If, on the other hand, Social Security doesn't come close to covering even your basic living expenses — or you think you'll have more peace of mind with extra guaranteed income — then you may want to consider going with the annuity payments.

And while the idea of investing your pension on your own or even hiring a pro to do it for you may seem like a sure - fire way to generate more income than humdrum annuity payments, investing also opens you up to a variety of risks.

The payments from variable annuities are dependent on the investment return so you don't know what the payments will be in advance.

As a result you can draw on your nest egg more aggressively, including the payments you receive from your annuities plus withdrawals from the rest of your portfolio.

Ask them for payout levels on inflation - adjusted immediate annuities, and watch your jaw drop as you see how relatively low the payments are.

(3) Annuities generally are less well - suited for you if you are: Low - income (government ensures minimum retirement needs), rich (annuity protection is not needed), intent on leaving a big bequest (payments generally end at your death), or you have low life expectancy (you get few payouts).

Unlike an annuity on your own life, the payment stream may end before or after you die — a classic asset / liability mismatch.

The upshot, though, is that unless you're willing to take on more investing risk — which also means accepting the possibility of running through your money while you're still alive — it's very unlikely that you can match an immediate annuity's guarantee of lifetime payments, which includes that extra bit of income that mortality credits provide.

It's pretty much impossible to beat, or even duplicate, an annuity's payments investing on your own or with the help of a pro, unless you're willing to take more risk.

You can see how much you might receive each month from an immediate or longevity annuity based on your age, sex, how much you're willing to invest and when you want payments to begin by going the annuity payment calculator at Immediateannuities.com.

Select payments to keep you on course and receive annuity income monthly, quarterly, semi-annually or annually.

One of the most common misconceptions about annuities is that to guarantee the monthly income payments you forego access to your principle in an emergency or to pass on as an inheritance.

I retired on December 31 and my first full annuity payment, with credits for -LSB-...]

Depending on when payments are due and other options available for handling retirement costs, annuities provide a solution for people struggling to pay off student debt.