Sentences with phrase «upon retirement»

I was asked to consider running federally back in the 80's by the then member of parliament for my then riding upon his retirement from the business of politics.

The loan is used as tax - free income upon retirement.

It began as one lawyer helping another, developed into a relationship and then a partnership with an eye to the younger lawyer acquiring the firm upon the retirement of the senior lawyer.

You pay taxes on the money now but generally can access the assets tax - free upon retirement.

The social contract used to be that judges were appointed for life until mandatory retirement at age 75, received a generous pension upon retirement at or before 75 and enjoyed a quiet retirement.

In your case I'm assuming the extra money paid every 2 weeks is less than the total pension benefit upon retirement?

The traditional pension plan, where a person works for an employer for 35 years and receives a monthly payment upon retirement, is a thing of the past for most of us.

That can help you save on taxes if you expect to be in a lower tax bracket upon retirement.

In such a system, the employer has an obligation to provide a regular retirement check to employees upon their retirement.

You don't have to arrive at the right balance immediately upon retirement.

How much would I need to supplement this pension by in order to ensure an adequate standard of living upon retirement?

This policy offers a means of providing a paid - up insurance policy upon retirement at age 65 by completing premium payments during the working years of the insured.

After all, these teachers would qualify for a guaranteed stream of pension income every month upon retirement if they stay just one more year.

Like IRAs, they can provide either a lump - sum payment or periodic withdrawals upon retirement.

What's more, none of this $ 1.1 million nest egg is taxable upon retirement!

Its primary purpose is to provide an estimate of the income that may be available upon your retirement assuming an investment amount provided by you and return based on the assumptions described here.

Again, using the traditional plans may have greater benefit if you leave your high - taxed state upon retirement.

For a defined - benefit plan, benefits will be paid upon retirement based on factors such as year of service to the company, as defined by the plan.

These plans often require you and your employer to contribute money to a fund during your working years so you can receive a fixed amount each month 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.

Also, there's the question of whether buckets # 1 and 2 should be created gradually or all at once upon retirement.

I'll ignore performance of your portfolio after retirement and only seek to optimize F, which will be your net worth upon retirement.

Under this system, your contributions may be capped, your promised benefit is not guaranteed upon retirement, and it can even be reduced after you have retired.

For instance, let's say you want to withdraw 4 % of your account balance upon retirement.

Understand any group life insurance provided by your employer on your life and that of your spouse will terminate or reduce upon your retirement.

In fact, it is the most affluent who are least likely to meet the threshold upon retirement.

That is, no income tax is paid on any of the money contributed or earned through investments until distribution of the money begins upon retirement.

Thus, a teacher with 30 years of experience earns 75 percent of her final average salary upon retirement.

For example, students of qualified financial educators may expect higher lifetime earnings and greater security upon retirement [1], as well as improved mental and physical health and wellbeing.

Along with some of the smaller expenses listed above, there are two major monthly expenses that are usually reduced or eliminated upon retirement — mortgage payments and the costs of raising a child.

In this case upon retirement / a certain age of the contributor.

The reason for this is obvious: if the market hits a significant downturn, there is less time to recover before the money will be needed upon retirement.

Although getting out of the market may be more of a tricky dilemma as timing can be a factor on your returns once you begin withdrawing from the market (say upon retirement).

Real estate: Will you still have a mortgage or other debts upon retirement?

They are thinking of it as a balance sheet item, but many have not yet considered that it needs to become an income statement item upon retirement.

Also, invest in schemes that offer regular monthly pay outs upon retirement.

In some cases these people lost half their investments upon retirement.

So, this will make a substantial difference upon retirement.

Another consideration when deciding upon retirement contributions is reducing your income.

Now, let's assume that some of your earnings went to savings and expenses that have ended upon retirement (such as mortgage payments, etc).

The new law permits most payments to stop upon retirement and sets limits based on length of marriage.

It is not necessarily uncommon for Canadian judges to make a contribution in other spheres upon retirement.

These amounts continue in retirement until you reach age 65 at which time they may reduce depending upon your retirement elections.

A common use of a single premium annuity is as a destination for roll - over retirement savings upon retirement.

Tax - free withdrawals of 1 / 3rd of the accrued price range upon retirement give the insured the liberty to fulfill wishes.

You can cross in for pension plans as a way to provide the lump sum payout upon the retirement or loss of life of the individual, whichever takes place in advance.

Moreover, you should also be cautious of the amount of policy which you take out from your policy because this will mean decreased amount upon your retirement.

Key man life insurance can be structured as a bonus to the key person upon retirement.

If you are interested in working as a consultant for your association upon retirement, talk with your leadership about serving in this capacity.

Upon retirement from teaching she began revealing large bodies of unseen work.