Sentences with phrase «upon retirement at»

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.

Also drawing the ire of lawmakers and pundits is the $ 125 million retirement payment going to Wells Fargo executive Carrie Tolstedt upon her retirement at the end of the year.

Not exact matches

Upon the announcement of Britain's Prince Philip retiring at 95, Alessandra Malito joins Catey Hill and Quentin Fottrell to discuss the main considerations we take into account before retirement and the one key question we can all ask ourselves - should we ever really retire?

Upon his retirement, Mr. Pedersen, an 11 - year golf pro at Rolling Green Country Club in Arlington Heights, began teaching the sport at numerous clubs.

Councilman Brad Lander, a Brooklyn Democrat, said the mayor's proposal puts employees in a tough spot: While current workers would be able to choose their benefit option upon retirement, new employees would have to choose at the time they are hired, without knowing whether or when they would be injured in the line of duty.

THAT at the upcoming conventions of the National Educational Association and the American Federation of Teachers, NYSUT sponsor and support resolutions encouraging teacher unions, public employee unions, private sector unions and not - for - profit organizations to call upon their pension and retirement funds to not invest in private equity funds that are complicit in and profit from the denial of the rights to organize into a union and bargain collectively.

«Although our hypothesis addresses the etiology of hypertension in footballers acutely, it could also have important implications on understanding the development of chronic disease long - term, and thus may improve the quality of football players» lives upon retirement from the game,» said Cameron G. McCarthy, M.S., study author from the Department of Physiology at Georgia Regents University in Augusta, Georgia.

Apel was a Professor emeritus at the Swiss Federal Institute of Technology (ETH) in Zurich, and he joined BTI upon his retirement from ETH in 2008.

He received numerous accolades upon his retirement and participated in the selection of his successor, Jose, a young teacher with four years experience at the school.

Using the system's benefit formula, we can compute the value of the annual annuity payment that she will receive upon retirement under this scenario, which she will be eligible to begin collecting at age 60.

Financial Freedom presents Roth Contributions, posted at Retirement Spreadsheet, saying, «The Roth tax optimization puzzle for asset conversions, as well as for annual Roth contributions during working years, is one of the most complex decisions that the ridiculously complex US taxation and retirement planning system forces upon individuals.»

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

Using this approach, a reverse mortgage loan is established at the outset of retirement and drawn upon every year to provide retirement income until exhausted, allowing the retiree's investment portfolio, such as a 401 (k) plan, more time to grow.

The pro of life insurance at 65 is that upon entering the retirement stage of life you no longer have to pay premiums, freeing up your cash for other pursuits or expenses.

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.

In addition, a reverse mortgage can be used to draw upon instead of accessing Social Security benefits right at retirement age.

By saying non deductible contributions, we mean you pay taxes on all your earnings now, and will not be taxed when you withdraw them upon retirement, at 65.

mandatory, minimum yearly withdrawals that generally must be taken starting in the year the accountholder turns 70 1/2, upon retirement, or at death

Depending upon your family income and upon whether or not you or your spouse was covered by a retirement plan at work during the year, your deduction for your traditional IRA contribution may be reduced or eliminated.

The rules are more simple because they do not depend upon whether you or your spouse are covered by a retirement plan at work.

The Required Minimum Distribution method for calculating your Series of Substantially Equal Periodic Payments (under § 72 (t)(2)(A)(iv)-RRB- calculates the specific amount that you must withdraw from your IRA, 401k, or other retirement plan each year, based upon your account balance at the end of the previous year.

Where the analogy falls apart is that, unlike a gas station, you can't «load up» on retirement assets all at once, just before you embark upon retirement.

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.

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

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.

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

Now you don't get a tax deduction, but once the money goes into the Roth IRA, that initial contribution, your principal, future growth, income, are all 100 % tax - free upon withdrawal at retirement.

Ron Pressman, CEO of Institutional Financial Services at TIAA, adds: «We've seen that employees who contribute to an annuity through their retirement plan over time can generate more retirement income than those who simply purchase one upon retiring.»

«What workers choose to do with their retirement plan assets upon job change can profoundly affect their financial resources in retirement, particularly in the case of younger workers and those with large balances,» says Craig Copeland, senior research associate at EBRI and author of the report.

Some employers give you the choice upon termination of employment, while others provide the choice at the time you start retirement, but there's no legal requirement either way, Nunes says.

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.

This is a contract among the owners to buy a deceased owner's share of the business at an agreed upon price in the event of death, disability, or retirement.

Financial Freedom presents Roth IRAFinancial Software, posted at Financial Freedom, saying, «The Roth tax optimization puzzle for asset conversions, as well as for annual Roth contributions during working years, is one of the most complex decisions that the ridiculously complex US taxation and retirement planning system forces upon individuals.»

Meanwhile, 100 percent stocks minimized the median retirement cost (as the equity risk premium can be adequately relied upon at the median) at $ 965,000, but it did create greater downside risks with a 90th percentile retirement cost of $ 2.4 million.

(Apparently, his retirement plan alone was estimated at $ 100 million, and the other $ 300 million involved compensation, bonus, stock options, etc.) So, ONE executive apparently got more, upon his retirement, than the company is investing in this project with Stanford OVER A TEN - YEAR PERIOD.

Though law firm management generally shifted away from such plans in the 1990s, one in five firms still has a nonqualified retirement plan that provides benefits upon withdrawal, says James Cotterman, a principal at legal consultancy firm Altman Weil in Orlando, Fla., citing a recent survey of 145 law firms.

He filed a posttrial motion seeking to modify that order, asking that the spousal award payments start at $ 2,000 monthly and be eventually reduced to $ 1,000 and be given a set termination date upon his retirement.

The question at issue: whether there is truly evidence to support the Trial Judge's finding that an express oral term was included to pay Mr. Aubrey a «package» upon retirement.

Attorneys will find themselves in a period of transition at one or more points in their career, whether that period is due to their initial entry into the legal profession, their exiting the profession upon retirement, for brief or extended maternity, paternity or family leave, in order to pursue an alternative career opportunity or upon making a shift in the focus or path of their career.

(a) the pension benefits to which he or she would have been entitled upon terminating employment at the normal retirement date; and

Sharma was earlier with ICICI Bank for 29 years, and would be completing nine - and - a-half years at Axis Bank upon her retirement in December.

The money that your policy pays out upon your death or at retirement can help pay off your house, solidify your family business or send your kids to college.

The pro of life insurance at 65 is that upon entering the retirement stage of life you no longer have to pay premiums, freeing up your cash for other pursuits or expenses.

Upon receipt of your income or lump sum, say at retirement, you pay the taxes.

HEALTHCARE Application is being used by [company name], OPERS to offer medical / pharmacy, dental and vision coverage for retirees and their eligible dependents (spouse and children) depending upon their Medicare status, years of service credit at retirement and their choice of plan.

The same way that the generation before would work at a job for 50 years and get a gold watch upon retirement, we now switch jobs once every few years, always looking for that elusive perfect fit.

A party marrying later in life with few retirement assets may worry about waiving rights that a court might grant upon divorce or to which he or she would be entitled at death.

In making an equitable apportionment of marital property, the family court must give weight in such proportion as it finds appropriate to all of the following factors: (1) the duration of the marriage along with the ages of the parties at the time of the marriage and at the time of the divorce; (2) marital misconduct or fault of either or both parties, if the misconduct affects or has affected the economic circumstances of the parties or contributed to the breakup of the marriage; (3) the value of the marital property and the contribution of each spouse to the acquisition, preservation, depreciation, or appreciation in value of the marital property, including the contribution of the spouse as homemaker; (4) the income of each spouse, the earning potential of each spouse, and the opportunity for future acquisition of capital assets; (5) the health, both physical and emotional, of each spouse; (6) either spouse's need for additional training or education in order to achieve that spouse's income potential; (7) the non marital property of each spouse; (8) the existence or nonexistence of vested retirement benefits for each or either spouse; (9) whether separate maintenance or alimony has been awarded; (10) the desirability of awarding the family home as part of equitable distribution or the right to live therein for reasonable periods to the spouse having custody of any children; (11) the tax consequences to each or either party as a result of equitable apportionment; (12) the existence and extent of any prior support obligations; (13) liens and any other encumbrances upon the marital property and any other existing debts; (14) child custody arrangements and obligations at the time of the entry of the order; and (15) such other relevant factors as the trial court shall expressly enumerate in its order.

If you do well and make a 60 % annual retrun from flipping inside the iRA, know that a large chunk of that will be taken away via UBIT cutting your annual returns down, then upon withdrawal at retirement, you get taxed again.