Sentences with phrase «portion of retirement savings»

The point at which a sales rep could cash out the vested portion of the retirement savings plan would be after a pre-agreed to amount of time has passed.

That is the penalty - free withdrawal from individual retirement accounts (IRAs) to allow first - time buyers to use a portion of their retirement savings for a downpayment.

With one lump sum premium, you can turn a portion of your retirement savings into a lifetime of guaranteed income payments with the New York Life Guaranteed Lifetime Income Annuity II.

You can take a portion of your retirement savings at that time and put it into an LIA, which will guarantee you an annual income from age 85 onward.

In other words, a client can set aside a portion of retirement savings today to buy a guaranteed retirement income in the near future.

Usually there's space between when you've hit your company's match and when you've maxed out, so for people that can't max out both it can be a good opportunity to hedge against future tax uncertainty by having a portion of your retirement savings already have taxes paid.

Consider whether the burden of the debt and the cost of the interest is enough to give up a good portion of your retirement savings to the taxman.

But there's also a relatively simple financial move that may lead to a happier post-career life: «annuitize» a portion of your retirement savings.

If your firm suffers an Enron - type collapse - or even a less dramatic downturn - you could lose your job and a big portion of your retirement savings.

As personal income tax rates have declined to historically low levels, investors have concentrated the largest portion of their retirement savings inside of traditional, tax - deferred accounts such as 401 (k) plans and Traditional IRAs.

Do you want to put aside a portion of your retirement savings so it will guarantee you income when you retire?

Ideally, you should commit only a portion of your retirement savings to an annuity and keep the rest in other types of investments, such as stocks and bonds that can grow over time and protect you from inflation.

In addition, 87 % of respondents to a recent survey from the Hartford said that they find it «very» or «somewhat» appealing to be able to turn at least a portion of their retirement savings into a guaranteed income.

Ultimately, though, I think it makes little sense to buy an annuity unless you feel pretty damn sure that putting a portion of your retirement savings into one is the right move for you.

A fixed annuity can be a good way to protect a portion of your retirement savings while earning guaranteed growth year after year.

Most employers will match a portion of your retirement savings on a dollar - for - dollar basis, typically up to the first 3 % to 5 % of your contribution.

But before you start adding risk to the fixed - income portion of your retirement savings, just remember bonds are actually supposed to be about safety.

That said, I suppose you could make a case for investing a small portion of your retirement savings — or any money you're investing for the long - term in gold — provided you go about it the right way.

In fact, most seniors have lost such a significant portion of their retirement savings that they aren't even capable of looking into retirement any time soon.

Because buying an income annuity means trading a portion of your retirement savings for a guaranteed income stream, it's important to make sure you have money available for emergencies and contingencies.

The Income Solutions platform is designed specifically for investors who want to convert a portion of retirement savings into a reliable income stream to supplement other income.

Kelli is aware of the MYGA's annuitization option and thinks it might be a good way to convert a portion of her retirement savings into lifetime income.

That's why it may be a great time for you to consider a Brighthouse Financial variable annuity with the optional FlexChoice Access living benefit rider, which lets you turn a portion of retirement savings into guaranteed income that lasts for life.

But it's a risky investment, and a bad place for any significant portion of your retirement savings.

Protect a portion of your retirement savings from down markets, while participating in diversified growth opportunities.

Policy is to ROB RETIREES / old people / savers of a good portion of their retirement savings TO SUBSIDIZE BANKS AND STRATEGIC MORTGAGE DEFAULTERS.

Even if you find it hard to spend your nest egg, you'll have to start cashing out a portion of your retirement savings each year once you turn 70-1/2 years old.

The Income Solutions platform is designed specifically for investors who want to convert a portion of retirement savings into a reliable income stream to supplement other income.

Because buying an income annuity means trading a portion of your retirement savings for a guaranteed income stream, it's important to make sure you have money available for emergencies and contingencies.

Time can also correct big market swings, like the one following the U.K. vote to leave the European Union, which can quickly erase a portion of your retirement savings.

Not exact matches

As the rule's new effective date approaches, will he protect the retirement savings of working people — carpenters and coal miners, teachers and technicians, firefighters and farmers — or allow a portion of the financial sector to continue to keep their clients in the dark about whose interests come first?

Which is why I contend it makes more sense to think of an immediate annuity as part of a comprehensive retirement income plan that works as follows: Put a portion of your savings into the annuity and opt for the highest monthly payment.

It may make sense to contribute a portion of your savings into Roth accounts or even convert some retirement funds to Roth IRAs.

Missing out on investment returns — even the semi-conservative 6 % annual return used in NerdWallet's analysis — for that portion of their portfolio could cost more than $ 300,000 (22 % of the retirement savings they could have built with a better investment mix).

An income annuity allows you to set up a stream of income for life * using a portion of your savings to create a retirement «paycheck.»

A 401 (k) is a type of workplace retirement savings plan that allows employees to contribute a portion of their income with pre-tax dollars into their own retirement investment account.

Although a larger portion of people age 55 and over report high - balance retirement funds, there remains a significant subgroup that has little to no retirement savings:

Until states make such changes, they will continue to impose large retirement savings penalties on significant portions of their teaching workforce.

For many American workers, Social Security is the most consistent portion of the three - part model, providing a solid plank of retirement savings.

Unfortunately, in a world in which cash pays next to nothing and even riskier assets, like stocks and bonds, have a lower long - term expected return than they once did (according to a BlackRock analysis using Bloomberg data), holding a sizeable portion of one's retirement savings in cash could prevent many from reaching their financial goals.

Most estimates for retirement savings are either a percentage or a multiple of your income, and generally, the lower your income, the higher a portion of it you will need to save.

Similarly, recent research from Employee Benefit Research Institute economist Jack VanDerhei suggests that many Boomers and GenXers may be able to boost their retirement prospects by putting a portion of their savings into a type of annuity that doesn't begin making payouts until the later stages of retirement.

If you're keen on having some retirement savings in the bank, then contribute a portion of your salary to RRSPs and use the tax rebate to put towards your mortgage.»

And if you're on the verge of retirement and have a big portion of your savings in stocks, a setback on the order of the 2007 - 2009 50 % + drop in stock prices could force you to sharply scale back your post-career lifestyle or stay on the job longer than you want.

Live within your means and assign a portion of what you earn to retirement savings.

If you've got 30 or 40 years until retirement, most investment advisors will recommend that you put a larger portion of your savings toward higher risk investments where you stand to gain more.

Some people keep a portion of their retirement money in a savings account to protect their money from the ups and downs of the stock market.

On the other hand, more than 90 % also said that they want their investments to continue to grow in retirement, which suggests they realize they need to invest at least a portion of their savings in stocks.

The federal financial aid eligibility formula includes an Education Savings and Asset Protection Allowance that excludes a portion of the assets that are counted (primary residence and retirement accounts are already excluded).

I did build up quite a bit of stock from my first employer when I could buy at a discount, but compared to my retirement savings it was still a pretty small portion of my overall investments.