While the 401 (k) industry has spent the past two decades training American savers to focus
on asset accumulation, the 403 (b) market was created with an eye toward providing a stream of income in retirement.
For most of their lives, retirement savers (and their brokers and advisers) focus
on asset accumulation.
Not exact matches
[4] The confiscation of religious
assets was often based
on accusations of illegal
accumulation of wealth.
With Wenger overstaying his welcome, our owner's frugal tendencies, the vast
accumulation of dead - weight and their failure to shore up the contracts of our most attractive
assets, we have not only lost out
on some potentially franchise - changing options, of which two now ply their trades in the EPL, we have likely scared off a host of others.
The UK government spends vast amounts
on subsidizing
asset accumulation (e.g., via tax relief) and vast amounts
on subsidizing the
accumulation of human capital.
Because the government spends this borrowed cash, some people see the trust fund
assets as an
accumulation of securities that the government will be unable to make good
on in the future.
Social inequality refers to disparities in the distribution of economic
assets and income as well as between the overall quality and luxury of each person's existence within a society, while economic inequality is caused by the unequal
accumulation of wealth; social inequality exists because the lack of wealth in certain areas prohibits these people from obtaining the same housing, health care, etc. as the wealthy, in societies where access to these social goods depends
on wealth.
The problem with this strategy, though convincing in theory, is that there is little incentive for the heads to do so
on the current model, which provides inadequate capital for the development of such arrangements, and constrains these trusts in important ways from attracting and deploying the resources necessary for sustainable school improvement, such as constraints
on the pooling of General Annual Grant funding,
accumulation of surpluses, borrowing (whether secured against
assets or
on funding agreements), deployment of capital, and acquisition and disposal of fixed
assets — all inhibit chains from deploying resources where they are needed most.
The retirement industry (financial advisors, plan sponsors,
asset manager and index providers) can help participants by creating products and services that focus
on retirement income rather than just wealth
accumulation.
This could arise, for example, where a fund has a single
asset supporting retirement - phase liabilities that must, because of a transfer made to reduce a member's expected excess transfer balance
on 1 July 2017, also support an
accumulation phase interest.
Gain
on a full surrender Gain
on partial distributions IRA distributions TSA / ORP distributions Correction of excess contributions to IRAs Conversion of IRA
assets to a Roth IRA Gain
on surrender of Paid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event) Processing of Non-Forfeiture Option (NFO) to Extended Term Insurance (ETI) or Reduced Paid Up (RPU) Interest earned
on dividend
accumulations Loan
on a MEC Dividend used to reduce loan interest
on a Modified Endowment Contract (MEC) Dividend used to reduce loan
on a MEC Compound of loan interest
on a MEC Gain recognized
on lapsed contract with a loan Collateral assignment
on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid
on money held too long Interest earned
on advance premiums 1035 exchange without paying off loan first Earnings
on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not apply
Because IRAs were created to provide income during retirement — not to be a tax shelter — IRA owners failing to take their RMDs are subject to a 50 percent excess
accumulation penalty tax
on the
assets that should have been distributed but were not.
Traditional financial advisors focus
on the
accumulation of
assets and often have little knowledge about drawdown strategies.
With greater technology and the
on - going
accumulation of customer and transaction data comes the need to protect this precious business
asset.