Sentences with phrase «part of any lump sum payments»

You will also be required to use part of any lump sum payments you receive.

Not exact matches

If possible, consider putting part or all of any bonuses, tax refunds or other lump sum payments into your retirement savings, and don't assume that your current retirement plan contributions are enough.

The Islanders» sublease with SMG, agreed upon during the final days of Democrat Thomas Suozzi's tenure as Nassau County executive in December 2009, also stipulates that the hockey team owes SMG a $ 7 million lump sum at the end of the lease as part of a deferred rent payment plan.

Another option is to add the PMI premium in a lump sum to your mortgage balance and to repay it as part of your monthly mortgage payment.

If the U.S. Department of Defense (DOD) makes a lump - sum payment toward your Direct Loans after a year of service as part of one of the student loan repayment programs it administers, you will receive credit for up to 12 qualifying payments for PSLF.

Sometimes debtors are required to make lump - sum payments as part of their debt settlement, too.

Part of the equity in your home can be given to you as a lump sum, or you can use it as monthly payments towards ongoing care or support costs.

If you commute part of a retirement - phase super income stream and pay the commuted lump sum to your former spouse as part of a payment split

A reverse mortgage is a loan that allows qualified homeowners who are age 62 or older to take part of their home's equity as cash, either as a line of credit, or monthly or lump sum payment, or combo of a credit line and payments.

When a member has unrestricted non-preserved benefits as part of their TRIS, they may partially commute the TRIS and receive a lump sum payment up to the amount of their unrestricted non-preserved benefits.

It does not pay a one - time lump sum but offers regular payments while you are disabled, substituting your income or a part of it depending on the policy you have.

Sometimes debt collectors will agree to finalise a whole debt if you make a lump sum payment of part of the debt.

Examples of prepayment: increasing the amount of your regular mortgage payments making lump - sum payments to reduce your mortgage balance paying off your mortgage in part or in full before your term is over.

Depending on how much equity you have in your home, you may have the option of borrowing cash at the time of the refinance — so that once all the paperwork is done, you'll have a lump sum in your bank account, which you will pay back as part of your regular mortgage payments.

An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.

If payment of a lump sum is ordered by the court, or payment is made as part of a settlement of the parties» financial issues, they need to be clear what the intention of the payment is.

As part of the overarching concern over whether the paying spouse can make a lump - sum payment without undermining his or her self - sufficiency, the court must consider (among other things):

An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.

«Critical illness Rider «cover is an additional benefit in which Insurer is contracted to pay a lump sum payment if the policyholder is diagnosed with one of the specific illness on a predetermined list as a part of an insurance policy.

It is the process by which all or part of a lump sum is converted into regular payments instead of a lump sum.

Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

It does not pay a one - time lump sum but offers regular payments while you are disabled, substituting your income or a part of it depending on the policy you have.

The effect of child support regulations will mean that when couples part and seek legal settlement of their property and financial affairs, the pressure will be intensified for an order, either for the sale of the former matrimonial home or its transfer to the absent parent in return for a lump sum payment to the caring parent.

An escrow account lets you pay your homeowner's insurance and property taxes monthly as part of your mortgage payment, instead of in a large lump sum.