Sentences with phrase «payment upon retirement»

A savings plan provides a lump - sum payment upon your retirement.

Back then the average lump sum payment upon retirement was merely $ 58.06!

Even though you can not touch the money now, you will be deriving monthly benefit payments or a lump sum payment upon retirement.

The traditional pension plan, where a person works for an employer for 35 years and receives a monthly payment upon retirement, is a thing of the past for most of us.

This means less working years paying into CPP — and lower monthly payments upon retirement.

Not exact matches

Also drawing the ire of lawmakers and pundits is the $ 125 million retirement payment going to Wells Fargo executive Carrie Tolstedt upon her retirement at the end of the year.

Sixty - one percent said they have never inquired about how much money they will receive upon retirement, and 40 % don't know what their payment options will be when they retire or leave the company.

The idea is that both the employer and the employee typically contribute a set percentage of the employee's salary throughout his or her career with the promise that, upon retirement, he or she will receive a fixed monthly payment.

Upon retirement, you can begin to receive Social Security payments, which will continue throughout the rest of your life.

Your Social Security payments may go down a bit, but you may also receive less upon retirement if a complex plan to deal with federal tax changes goes through in New York.

Using the system's benefit formula, we can compute the value of the annual annuity payment that she will receive upon retirement under this scenario, which she will be eligible to begin collecting at age 60.

A district school board may establish policies to provide for a lump - sum payment for accrued vacation leave to an employee of the district school board upon termination of employment or upon retirement, or to the employee's beneficiary if service is terminated by death.

Along with some of the smaller expenses listed above, there are two major monthly expenses that are usually reduced or eliminated upon retirement — mortgage payments and the costs of raising a child.

And, when would these fixed payment instruments be required — immediately, upon retirement, before retirement, etc.?

The Required Minimum Distribution method for calculating your Series of Substantially Equal Periodic Payments (under § 72 (t)(2)(A)(iv)-RRB- calculates the specific amount that you must withdraw from your IRA, 401k, or other retirement plan each year, based upon your account balance at the end of the previous year.

Personally, I prefer monthly payments, as it evens out my cash flow, and will provide me with regular monthly income upon retirement.

Upon retirement, employee stock ownership plans may provide a single payment of stock shares.

Like IRAs, they can provide either a lump - sum payment or periodic withdrawals upon retirement.

Upon retirement, employees have a choice of a lump sum or a series of monthly payments.

They are funded completely by wage - earner contributions and provide either a lump - sum payment or periodic withdrawals upon retirement.

Rather than chasing yield, or relying exclusively upon coupon interest and dividend payments for future income, many market participants could better prepare themselves for retirement by developing prudent withdrawal plans funded by accumulated savings.

If you are fortunate enough to have worked for a company that provided a pension upon retirement, then that is a transfer of risk payment as well.

Generally the amount of protection you need is a combination of what it would cost to help your surviving family members and dependents meet their current needs (like taxes, food, clothing, utilities, mortgage payments, etc.) plus future obligations (like college and retirement funding)-- minus the resources that your surviving family members could draw upon to meet those obligations (spouse's income, savings and investments, other income producing assets, and any life insurance you might already own).

Upon applying under Exemption (a)(not practicing in Ontario) or Exemption (h)(estate trustee, etc.), LAWPRO provides $ 250,000 standard run - off coverage to cover the defence costs, indemnity payments and costs of repairs for claims that arise after retirement out of services provided while in practice or out of certain pro bono legal services that you are permitted to perform while on exemption.

You can also agree to terminate payments upon a future date or the happening of an event such as, retirement, re-marriage or returning to work.

He filed a posttrial motion seeking to modify that order, asking that the spousal award payments start at $ 2,000 monthly and be eventually reduced to $ 1,000 and be given a set termination date upon his retirement.

HVC argued, based upon the testimony of Mr. Aubrey and Mr. Matthews (HVC's human resources representative), that human resources had merely promised a «severance» package — there was never an express promise any payment would be made on retirement.