Sentences with phrase «savings vehicle for»

If you want cheaper coverage, and you don't need the policy as an investment or savings vehicle for retirement income, a term policy is a good choice.

When designed properly, indexed universal life insurance can be a great savings vehicle for investors who have the keen ability to conserve.

And if you get the right policy design, the cash value can build and create a wonderful savings vehicle for use with student debt, large purchases (such as a first car), investment opportunities and future retirement income.

Unit Linked Insurance Plans, or ULIPs as they are better known, have emerged as a preferred choice of insurance - cum - savings vehicle for many Indians in the last decade.

Whole life insurance also offers a diversified and (relative to equity markets) very safe investment and retirement savings vehicle for people who already have a lot of assets in traditional places such as a 401k and Roth IRA.

It will also build cash value, which can act as a type of savings vehicle for a child.

If you think this is the right savings vehicle for your hard - earned money, open an account today.

A couple of years ago however, we started up a TFSA savings account in order to have a bit of an emergency fund / savings vehicle for large purchases.

2016 is the tenth anniversary of the Pension Protection Act, or PPA, which was largely designed to shore up financially troubled defined benefit plans, and their insurer, but the legislation also vastly improved the health of defined - contribution plans including 401 (k) s, now the dominant individual retirement savings vehicle for those Americans who are offered such plans at work, mostly at large companies.

I am interested in the idea of using an S&P Index Fund (probably Vanguard's) within a Roth IRA as a savings vehicle for a downpayment on a house.

A Roth IRA might also be a useful college savings vehicle for grandparents, who start saving at least five years before turning age 59-1/2, and won't otherwise need the funds for their own retirement.

If you're having a hard time saving and love anything Christmas - related, then this may be the right savings vehicle for you!

A Roth individual retirement account (IRA) is a wise choice for many people: But there also are smart reasons why you might choose a traditional IRA as a savings vehicle for retirement — especially if you'd like to reduce your tax burden now, not when you retire.

Financial expert Gordon Pape explains the new Tax - Free Savings Account (TFSA)-- the powerful new personal savings vehicle for Canadians — and provides a range of strategies that you can use to add thousands of tax - exempt dollars to your personal wealth.

What put it over the top for me was the availability of the HSA, which is basically a «Super Roth» savings vehicle for someone so inclined.

A Roth IRA isn't typically considered a savings vehicle for kids, but it should be.

The Flexible Premium Deferred Annuity is an ideal savings vehicle for those seeking the flexibility of ongoing premium deposits and the benefits of tax - deferred growth.

However, CDs do offer a federally - guaranteed return of your principle and accrued interest, and may be worth considering as a savings vehicle for purchases on a definite, short - term horizon.

Due to their complex nature, as well as the recent changes to the rules, it's recommended that you consult your tax or financial adviser if you have any questions as to whether an IPP is a viable retirement savings vehicle for you.

But nonetheless, TFSAs are the best savings vehicle for large scale items or down payments for homes.

Sometimes we take the 401k retirement savings vehicle for granted, dwelling on its shortcomings instead of focusing on all the good it has accomplished.

You will also need to choose the savings vehicle for your money.

They have been my main savings vehicle for 6 years and it has been great.

Despite the flexibility in TFSAs, RRSPs are still the best long - term retirement savings vehicle for many Canadians earning an income of $ 50,000 or more, especially as they reach their peak earning years in their 40s and 50s.

Provides an additional savings vehicle for employees to help meet their retiree medical costs.

The new scheme, called RESAVER (Retirement Savings Vehicle For European Research Institutions), is expected to roll out in 2015.

DIGIT savings is an opportunistic savings vehicle for me... in addition to my planned monthly savings towards home down payment.

The case comes to the Supreme Court amid intensified scrutiny of fees in retirement accounts, now the primary savings vehicle for old age.

I'm not wild about savings bonds as a savings vehicle for college expenses.

Amy Hubble, a certified financial planner, said HSAs can be a powerful retirement - savings vehicle for younger people and those without children, who typically don't have big medical expenses and are able to let their balances compound over long periods.

Advisor Rianka Dorsainvil of Your Greatest Contribution points to Roth IRAs as ideal retirement savings vehicles for younger investors.

There is no favorable tax treatment for using UGMA / UTMA accounts as savings vehicles for college.

529 plans are tax - advantaged savings vehicles for future college or university costs.

While IRAs are well - known among adult investors, they also make excellent savings vehicles for children who, because of their age, are poised to take full advantage of time — and the power of compounding.

The minimum holding period and redemption penalties are in place because the U.S. Treasury considers savings bonds as long - term savings vehicles for the average investor.

Many experts say that, generally, these policies should not be used as savings vehicles for a child's college education or for retirement.

Advisor Rianka Dorsainvil of Your Greatest Contribution points to Roth IRAs as ideal retirement savings vehicles for younger investors.

Not exact matches

It has been on an upward price track for years, in part because the Chinese — compelled by the lack of a social safety net to save rigorously for things like higher education and in case of illness — have few other investing vehicles with which to protect their savings from the ravages of inflation.

An added benefit is that they function as savings vehicles, so unused funds can later be drawn from for retirement.

You can take advantage of this by enrolling in a high - deductible healthcare plan where you're eligible to use a Health Savings Account — an investment vehicle where you can park thousands of pre-tax dollars every year ($ 3,350 for individuals and $ 6,750 for families).

There are many advantages to Roth IRAs, and for many people they can be a great retirement savings vehicle.

529 college savings plans are popular, but myths about these useful vehicles for higher - education expenses abound.

For the past several years, the fund has produced double - digit returns, a far better performance than any savings account, which is why you need to allocate even limited financial resources across different savings and investment vehicles.

That's pretty much what the federal government has been doing since 2006, with tweaks such as abolishing mandatory retirement, a graduated rise in the eligibility age for OAS benefits and new tax - sheltered savings vehicles in tax - free savings accounts and pooled registered pension plans.

For the past three years, two rival ideas have battled to become the go - to solution for enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pension plaFor the past three years, two rival ideas have battled to become the go - to solution for enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pension plafor enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pension plans.

«Is it to save for themselves or to offer their employees a savings vehicle?

were encouraging in that nearly two - thirds (63 percent) selected the correct answer for this basic finance term: «Retirement savings vehicle.»

It's not as good for retirement saving as an RRSP if you're in a high tax bracket, but it's a good catch - all savings vehicle.

Meanwhile, you can't open a TFSA until you're at least 18 years old and there's no upper age limit for contributing to the tax - free savings vehicle.

I try to find the best investment vehicles for people's savings to ensure they beat inflation for one thing, and have some funds for retirement for another.