Sentences with phrase «withdraw money because»

But most people don't choose to withdraw their money because that lowers their cash value — and thus their potential earning.

Then you may have to pay another huge initial sales load / commission again, and then endure another long period of not being able to withdraw money because of the surrender charges.

There is nothing more distressing than finding out that you can not withdraw your money because the broker that you signed with is a scam broker.

But most people don't choose to withdraw their money because that lowers their cash value — and thus their potential earning.

I'm here to withdraw money because I need it but no, I'm not closing my account with the bank,» another customer added.

Despite this hefty fee I went ahead and withdrew the money because I needed it.

Not exact matches

«You'd better believe you're in a lower tax bracket today than you will be when you withdraw the money,» said Spiegelman, adding, «Because as the saying goes «Never pay a tax today that you can postpone to tomorrow.»»

One can even argue that it is less difficult to sell a home (in order to «withdraw» the money invested) than to withdraw all of their money from a P2P loan portfolio because it is very possible to sell a home before 3 to 5 years.

For many people, Roth IRAs are a better choice because you can withdraw the money without penalty and, after retiring, won't have to pay taxes on it.

Because of the severe financial penalties, withdrawing money early from retirement accounts should only be done in an extreme emergency, ideally after any emergency funds and investments have been depleted.

Because money contributed to Roth IRAs is already taxed, it wouldn't make sense for there to be a penalty for withdrawing it early.

This is very different from selling your shares in an underperforming company, because withdrawing from a mutual fund leaves the fund with less money.

And the European told me that in Europe, it's really a no - no to use customer funds for your own — to gamble with that at all, that this is so criminal that if there is no criminal prosecution of Corzine, if it turns out that he did take the money, then that is going to lead the European capital markets to withdraw their money from the American capital markets, because the whole — the whole of Wall Street would turn out to be gangsters, without any prosecution, without any rule of law at all.

This may be important because if you're trying to stretch your assets, you'll want to withdraw money from your retirement accounts as slowly as possible.

Now you have a reason to be worried about the stock market going down and overreacting on the downside, because you would be withdrawing more money when the market is low, and you would liquidate more shares the lower the market drops.

Of course, if you want to start withdrawing money before age 65, you need to save more each month because you will have a shorter time frame to work with.

You have to be careful which one you pick because after the initial deposit you can only add or withdraw money in the same currency.

At some point, you or someone else had to withdraw it from the banking system, which caused a multiplied contraction in the total money supply because currency counts as reserves.

He said the latest onslaught against his government was deliberate because no excuse had been given by the Federal Ministry of Finance for withdrawing the money after first crediting the state's account.

Former Newton Mayor Setti Warren said Thursday he is withdrawing his candidacy because he has been unable to raise enough money.

Espaillat also said he'll withdraw a lawsuit he filed last week seeking a court - overseen recount, but said he was doing so because he didn't have enough money to proceed.

You'll feel more comfortable once you make your decision because one of the things that I have seen so many times happen to other people is their partners get so invested in their creative career, that if they don't make huge money right away and sell a boat load of books right away they start to withdraw and get disappointment because they were thinking of it like writers in a movie or on TV, like Castle.

That's a big advantage because you can earn returns on the money in the account — and the returns are never taxed.Roth IRAs provide after - tax savings, meaning there's no tax break today, but all contributions grow and can be withdrawn tax - free in retirement.

You shouldn't withdraw the money before 8 years (because of taxes, but you can still do it if you need).

I'm so confused by this because you say you don't like IRAs because they have penalties for withdrawing the money early, but then you promote their new product Stash Retire, and say you're going to do that too.

Every time I try and withdraw money (selling the stocks) I get half of it to my available money to use and half to my available money to withdraw which is really irritating because I want all of my sold stocks to be able to be withdrawn not just half!!

Whichever source of funds you decide to use, secured lines of credit provide both great flexibility for solving cash flow difficulties and at the same time inexpensive financing because they charge low interest rates and provide high credit limits with low minimum payments letting you decide how and when you want to repay the money you withdraw in full.

The Roth IRA is also an Individual Retirement Account, but it is different from a Traditional IRA because the tax break is on the money withdrawn from the plan during retirement instead of a tax break being granted for money placed into the plan.

Because of their low - cost model, personalizable portfolio options and the ease of depositing money into and withdrawing money from Betterment, their model is fairly low risk.

For example, if you're in the 25 % tax bracket, you have to withdraw $ 133.33 from a traditional account to have $ 100 in spending money, because $ 33.33 will be used to pay tax on the distribution.

When a taxpayer withdraws money from the traditional IRA, some or all of that withdrawal will be tax - free because it's a return of non-deductible contributions.

Fundamentally, I am against withdrawing RRSP money because you will not recover the room and because part of the financial security in retirement will come from your own savings.

Even better, when we withdrew that money, we would pay very little tax on it, because it would be taxed in her hands, not ours.

Debit cards can do this because you're just withdrawing money you already have directly from your checking account.

The money in your RRSP will eventually be taxed when you withdraw it, but because most people will earn less income in their post-working years than while actively employed, those withdrawals should end up being taxed at a lower rate.

You pay less in taxes today because the money grows tax free until you withdraw it in retirement.

When you finally withdraw the money, you'll have to pay tax, but for most Canadians they'll end up paying less tax because their income in retirement is less than during their working years, putting them in a lower marginal tax bracket.

If you withdraw money from your RRSP you will pay tax on the money because the government considers it income.

In practise though, it's not as easy as you might think because anti money laundering and anti fraud laws mean you generally have to withdraw money to the same account you funded your trading from.

Because an aspiring investor in stocks would require patience in the process of growing your money such as «compounding» wherein it really takes time to grow your initial investment and of course the discipline of not withdrawing your dividends and instead, REINVESTING them!

Because your money won't decline as long as it's in the annuity and you don't withdraw money from it during the surrender period, setting aside of a portion of your funds in a FIA can help provide balance and stability to your retirement portfolio.

Because the money isn't meant to be withdrawn until maturity, banks offer higher interest rates on CDs.

These contributions are tax deferred because you do not pay income tax on earnings from that money until you withdraw it from the account.

It's one thing to withdraw money from registered plans because you need the money AND you're in a low tax bracket.

Yeah I have a rough time withdrawing funds from my paypal account (i.e., friends owe me money and send it via paypal then it takes me 3 months to withdraw because of limits).

You are always able to withdraw your basis (the money you put in) without paying tax, because you already paid it.

Using an online savings account separate from your checking account is a much better idea because their interest rates are usually much higher (though not incredibly high as most online accounts pay around 1 %), but also it creates an extra barrier against you from withdrawing that money on a whim.

Two years later, when you are under age 59 1/2, you withdraw $ 5,000 from the Roth IRA, and the distribution comes from conversion money because you haven't made any regular contributions to your Roth IRA.

This is because contributions that are taxed now won't be taxed in the future when you withdraw the money.

Plus, I love the Roth IRA because when you do retire and need the money, you can withdraw it from your account tax free.