Sentences with phrase «payments over your life expectancy»

The distribution was made as an installment in a series of equal and periodic payments over your life expectancy, or over the life expectancy of you and your beneficiary or beneficiaries.

To make a long story short, all the IRS requires is that you start making withdrawals using «substantially equal periodic payments over your life expectancy;» and thus are not withdrawing «too much,» nor too little; and are always paying taxes on this income annually.

Not exact matches

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

Longer worker life expectancies mean more pension payments from employers who promise benefits over a worker's lifetime.

If you have a health condition that you're certain will dramatically shorten your lifespan, then turning over savings to an insurer for the promise of lifetime payments probably doesn't make much sense (although you should also consider the life expectancy of your spouse or significant other, if you have one).

You can arrange to schedule payments over a specific number of years, your estimated life expectancy or until the account is empty.

Are a series of «substantially equal periodic payments» made over the life expectancy of the IRA owner.

A series of monthly payments — Monthly payments over $ 25 can be a specified dollar amount or distributed according to the IRS life expectancy tables.

Based on your life expectancy, calculate how much your monthly payments are likely to add up to over time.

You receive distributions that are part of a series of substantially equal payments over your life (or life expectancy).

Payments must be a series of substantially equal periodic payments (SEPP) over the recipient's life (or life expPayments must be a series of substantially equal periodic payments (SEPP) over the recipient's life (or life exppayments (SEPP) over the recipient's life (or life expectancy)

Received as part of a series of substantially equal periodic payments over your life or life expectancy

According to the U.S. Government Accountability Office: «The Social Security benefit formula adjusts monthly payments so that someone living to average life expectancy should receive about the same amount of benefits over their lifetime regardless of which age they claim.

A greater life expectancy adds additional premium payments, and also reduces the NPV of the death benefit (because it's discounted over a larger number of years waiting for the payout to occur).

According to the U.S. Government Accountability Office: «The Social Security benefit formula adjusts monthly payments so that someone living to average life expectancy should receive about the same amount of benefits over their lifetime regardless of which age they claim.