Sentences with phrase «rate upon retirement»

If your marginal tax rate upon retirement is likely to be lower than your current marginal tax rate, it makes sense for most people to contribute as much as possible to an RRSP.

If your marginal tax rate upon retirement is likely to be lower than your current marginal tax rate, it makes sense for most people to contribute as much as possible -LSB-...]

Not exact matches

With a new year upon us, it's a good time to be sure you understand the contribution rates and limits for various retirement plan options, so you can contribute as much as possible.

Perhaps your retirement plans touch upon Costa Rica, the top - rated destination in this year's International Living Retirement Index.

Blu - ray Review Tinker Tailor Soldier Spy Directed by: Tomas Alfredson Cast: Gary Oldman, Benedict Cumberbatch, Colin Firth, Tom Hardy Running Time: 2 hrs 8 mins Rating: R Due Out: March 20, 2012 PLOT: After being forced into retirement, veteran MI6 lieutenant George Smiley (Oldman) is called upon to find the mole within «the Circus.»

Upon retirement, the government will tax pensions at a favorable rate of 10 percent (not including provincial taxes).

And even better if I'm at the 15 % or lower tax bracket in retirement (upon withdrawal) as the capital gains tax rate is 0 % in those brackets.

Noting that only one - third of the Canadian work force is currently covered by a registered pension plan, and that savings rates have gone down in recent decades, a report by the Canadian Imperial Bank of Commerce earlier this year warned that those born in the 1980s could face a 30 - per - cent drop in their standard of living upon retirement.

If your nest egg upon retirement is equal to 12 times that income, or $ 1.2 million, you could reasonably withdraw $ 48,000 in the first year of retirement, assuming a 4 % portfolio withdrawal rate.

The setback with this is that your $ 5000 (which would have probably grown to $ 50,000 upon retirement) will then be taxed at your ordinary income tax rate.

If that same 25 year old young saver invests $ 4000 a year into a regular taxable savings account earning 8 % interest, he would grow a nest egg of $ 800,000 upon retirement (at the age of 65)-- assuming a 15 % tax rate.

In such event, upon maturity, the account will be converted to a variable rate retirement savings account and will receive earnings at the interest rate then paid on variable rate retirement savings accounts.