"Needing the income" means that someone requires the money they earn from a job to fulfill their essential needs and expenses.
Full definition
If not, and your parents do
n't need the income stream from the loan, then I would recommend the second option since it's much cleaner.
I am conservative so I will RE with enough so that I don't
need an income from consulting to meet my needs.
You can put the death benefit of any life insurance policy toward funeral expenses, but there's also final expense insurance for people who don't
need income replacement.
If you can not return to work, you'll also
need income for your regular bills, family responsibilities, and your other obligations.
They are terrific investments for anyone planning for retirement or
who needs income in retirement.
The items we sell through our web pages have brought in so
much needed income over the last few years, that it's become our main income.
Flat tax is the only fair way to tax, and we shouldn't even
need income tax.
This means, you only
need an income in the 15 % marginal tax bracket and during distributions, will be paying 15 % on money from retirement accounts.
For example, if you start collecting at 62 but no longer
need the income at 66, you could suspend benefits until 70.
You'll
still need an income to offset the payment and keep debts low, to allow room for the mortgage payment.
Term is popular because it is inexpensive, and provides coverage during the time of life when your family
most needs the income you provide.
Credit card issuers
need your income level to calculate your debt - to - income ratio, which helps determine your ability to make payments.
If an income earning member of a family passes away, but the family no
longer needs that income to support their lifestyle, chances are they do not need any life insurance coverage.
However, for the retired
investor needing income, the dividend advantage is the real story over this long timeframe.
Credit card
issuers need your income level to calculate your debt - to - income ratio, which helps determine your ability to make payments.
The one one downside being however is most growth companies do not pay a dividend so this method is not for
anyone needing income from their investments.
That might be fine for an investor looking for total return, but it isn't ideal for someone who
needs income today.
The dividend yield is very important for those investors that
need income rather than growth (for example when investing for income in retirement).
Because they don't
need an income over a large timeframe we don't need the large amounts of term insurance.
These investors seem to think they don't
need the income bonds generate because they're getting constantly rising dividends.
Keep in mind that this isn't a hard and fast rule, and you may
need income replacement for a longer period of time.
If you have family members that
need your income for essential expenses, they would suffer financially if you passed away.
Investors
who need income from their portfolio might also opt for a ladder of bonds instead of a bond ETF for the same reasons.
The one downside being however is most growth companies do not pay a dividend so this method is not for anyone
needing income from their investments.
This is the easiest money out there for folks who are in good health and don't
need the income right away.
«These owners, well, they don't
really need the income, but it is something that they can put toward marketing costs,» she said.
Credit card issuers
need your income level to calculate your debt - to - income ratio, which helps determine your ability to make payments.
Term is popular because it is inexpensive, and provides coverage during the time of life when your family
most needs the income you provide.
Perhaps you do
n't need income replacement or money to help pay off a mortgage or other debts.
However, to purchase a home at the national median price, a buyer making a 5 percent downpayment would only
need an income of $ 40,900.