Sentences with phrase «received as an annuity»

For example, if you've elected to have your account paid out over a fixed number of years, but retain the right to demand an accelerated payment, this ability to accelerate prevents your payments from being treated as received as an annuity.

Those payments were ruled, in two Private Letter Rulings, as «amounts received as an annuity», provided that the contract owner chose a specific option in that product.

Amounts not received as an annuity: In general, all living proceeds except for interest and annuity settlements are taxed under the «cost recovery rule.»

For tax purposes, payments are separated into three classes: (1) annuity payments; (2) payments of interest only; and (3) amounts not received as an annuity.

Not exact matches

As amended, Section IV (b) of PTE 84 - 24 requires Financial Institutions to obtain advance written authorization from an independent plan fiduciary or IRA holder and furnish the independent fiduciary or IRA holder with a written disclosure in order to receive commissions in conjunction with the purchase of insurance and annuity contracts.

While the Department believes that most parties receiving compensation in connection with annuity recommendations can readily rely on the broad transition exemption in the BIC Exemption, discussed above, some parties have expressed a preference to continue to rely on PTE 84 - 24, as amended in 2006, which has historically been available to the insurance industry for all types of annuity products.

Receive income from the annuity when it's favorable to you — such as when you may be in a lower tax bracket.

The amount of income you receive from an immediate annuity depends on factors such as your age, gender and the length of your payment period.

In the second, «cash compensation» was defined as «any discount, concession, fee, service fee, commission, sales charge, loan, override or cash benefit or other remuneration received in connection with the recommendation or sale of an annuity.»

Amounts Not Received as an Annuity, Amounts Received as an Annuity: Fixed Annuities, Annuity Rules: Variable Annuities, Charitable Gift Annuity, Death, Disposition, Divorce, Estate Tax, Gifts and Charitable Gifts, In General, Loss, Private Annuity, Structured Settlements, Taxation, Withholding

In making this type of a gift, the Dodds will receive steady, guaranteed lifetime payments from the annuity — a tax - advantaged way to provide income during their retirement as well as to support the school's mission.

Once an employee reaches retirement age, pension benefits are disbursed as an annuity, a fixed benefit that a worker receives every year starting at retirement until death.

If your beneficiary chooses to receive the death benefit as an annuity, that means he or she wants to divide up the payments across a number of years of his or her choosing.

Your beneficiary can choose to receive the death benefit as an annuity, which is like receiving an income every year.

But you may want to choose to receive the death benefit as an annuity if you have fewer expenses, such as when you're older and retired.

Another option is to receive the death benefit as an annuity.

In terms of financial securities such as annuities and dividends, payouts refer to the amounts received at given points in time.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

The installment / annuity: Your beneficiary can also request to receive the payments in installments, such as monthly or annually.

A 65 - year - old man who invests $ 100,000 in an immediate annuity today would receive about $ 555 a month for life; a 65 - year - old woman would collect roughly $ 530 a month; and, 65 - year - old couple (man and woman) would receive about $ 475 a month as long as either one is still alive.

But what really differentiates an immediate annuity from the example above is that no group of people pooling their assets can guarantee that they'll receive a scheduled payment as long as they live.

A general right to receive periodic payments from a superannuation interest such as a pension or annuity.

A 65 - year - old man who invests $ 30,000 in a longevity annuity today that begins making payments 15 years from now would receive roughly $ 675 a month at age 80 that would continue for the rest of his life; a 65 - year - old woman would receive about $ 575 a month starting at 80; and, a 65 - year - old couple would collect about $ 465 a month beginning at age 80 for as long as either remained alive.

It's exactly the same as e.g. buying an annuity (the «investment»): if you pay $ X, the monthly amount you receive will be larger if you start taking it at 70 vs 65.

You can move your annuity to us as long as you have not started receiving payments from your existing annuity.

A 65 - year - old man who invests, say, $ 100,000 in an immediate annuity today would receive about $ 550 a month for life; a 65 - year - old woman would get about $ 530 a month; and a 65 - year - 0ld man - and - woman couple would receive monthly payments of $ 470 as long as either is alive.

The payment for life option with return of premium allows you to receive payments for as long as you live, even after you have received payouts totaling more than what you initially put into the annuity.

As a result you can draw on your nest egg more aggressively, including the payments you receive from your annuities plus withdrawals from the rest of your portfolio.

for anything else, like annuity purchase or flexible drawdown, you pay 25 % and then income tax as money is actually received.

Which means that the annuity payment you receive includes not just investment gains and the return of your original investment, but mortality credits as well.

You could invest that hundred grand in an immediate annuity, and at today's payout rates you would receive about $ 565 a month as long as you live.

Most fixed annuities have two phases: the accumulation phase, during which your investments have the potential to grow tax - deferred and the distribution phase (also known as annuitization), during which you receive income payments or a lump - sum payment.

Annuities also offer optional guarantees * that an investor won't receive as part of a qualified plan such as a 401 (k) or IRA:

Most variable annuities have two phases: the accumulation phase, in which your investments have the potential to grow tax - deferred, and the distribution phase (also known as annuitization), in which you receive income payments or a lump - sum payment.

As an annuity owner, you have control over how long the annuity is invested, when you receive benefits and how often you are paid.

In most cases, annuities receive favorable tax treatment as your investment grows.

If you're receiving monthly payments from an insurance payout or lawsuit settlement — also known as a structured settlement annuity — but need cash immediately to pay for medical bills or other significant expenses, you can sell all or part of your annuity.

As with any deferred annuity, the money in your longevity annuity grows until you begin receiving payout funds from it.

This includes annuities received by you as a reversionary beneficiary.

You must declare income you received from pensions paid to you as a super income stream, annuities and some government payments.

Today, a 65 - year - old man who invests $ 100,000 in an immediate annuity would receive roughly $ 565 a month for life, a 65 - year - old woman would get about $ 545 a month and 65 - year - old couple (man and woman) would collect about $ 480 a month as long as either is alive.

What gives the annuity its edge is that each annuity payment you receive contains not just interest and return of a portion of your principal but an extra «return» known as a mortality credit.

Pension or retirement plans are more preferred by those investors who receive a large amount of corpus as annuity benefit after retirement.

According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.

If you are investing in a variable annuity through a tax - advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a variable annuity.

If you're under 65 years of age, eligible pension income includes lifetime annuity payments under an RPP and certain other payments received as a result of the death of your spouse or common - law partner.

• Annuity income streams disappearing: Future retirees may not have a steady income stream in retirement, as defined benefit pensions decline, which means they will likely be more reliant on assets they must manage themselves instead of receiving a stream of income for life (i.e., an annuity).

Today, a 65 - year - old couple (man and woman) who invests $ 100,000 in a «joint and survivor» immediate annuity would receive about $ 470 a month as long as either one is alive.

Or, if your annuity contract has funds remaining after you die, your beneficiaries can receive them as a lump sum.

If you were to die tomorrow, the person named as the beneficiary of your account would receive a check — life insurance proceeds — in the amount of $ 80,000 even though the investments in the annuity are currently only worth $ 60,000.