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Is the husband's signature needed to draw money from the wife's retirement pension plan?
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∙ 18y ago
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Did Maxus Energy purchase additional benefits with Prudential Retirement for some of Diamond Shamrock Chemical Consolidated pension plan?
No - I believe Prudential received plan assets sufficient for them to provide estimated retirement benefits to vested plan members. Actuaries probably figured out the expected cash outlay to Prudential and worked back to the $$ needed from Maxus to fund Prudential's future obligation. Back in the mid-90's I received a letter with estimated retirement benefits. Unless you years of service or salary history changes, no change in retirement benefits. Since the plan was closed, no way to change years of service or salary history.
How much should you save monthly for your retirement funds?
If you are looking to retire comfortably within the next 20 years or so, you need to start saving about $2000 per month. This will give you the leverage needed for retirement.
Can you take out your 401k retirement early if you need the money?
401K retirement plans are meant to accumulate money throughout the years by interest free deposits. You can withdraw money from your 401K fund if needed, however, their is usually a large penalty fee.
What information is needed on a money order to be deposited?
A money order is deposited just like a check would be. Make sure your signature is the same as the check is written out to.
What are the benefits of having a 401k retirement plan?
A 401k retirement plan has many benefits. One benefit is that you have a chance to earn what is essentially free money. Typically out of every dollar paid it will be matched with 50 cents. Another benefit is that the vendor of the company selected to handle the 401k plan will deal with all accounting and testing needed.
Is the husband's signature needed to draw money from the retirement pension plan if you're separated?
Yes.
How can I calculate my pension?
Calculating your federal retirement depends upon whether you are CSRS or FERS. The following website should provide the information needed: www.freetaxusa.com/display_faq.jsp?calculate-federal-pension
Why would a deferred compensation be needed?
Deferred compensation is when an employee is paid some of his wages at a later date instead of when it is owed. One would get deferred compensation when one has a pension plan or a retirement plan.
Pension Plans and Modern Day Workers?
Pension plans are designed to be a safety net for working people when it is time for retirement. Pension plans can be set up by employers, government, insurance companies, or trade unions. In the UK, pension plans are called pension schemes. Most of these retirement plans are in the form of a guaranteed life annuity. This ensures that the person will be protected for the duration of their life. Furthermore, an employer pension is created for the employee by the employer. The employer's intent is to make sure that the employee has a source of income once the employee retires or is no longer able to work. Labor unions and the government also funds pension plans. In the past couple of decades, pension plans have become increasingly scarce. The 401K plan has been the retirement plan that most modern day employees are most familiar with today. Most 401K plans will have an employer matching contribution up to a certain percentage amount. As a consequence, employees are encouraged to save for their retirement. Additionally, the government gives tax breaks to those who save for their retirement in this way. Many of the Baby boomer generation were fortunate enough to have pension plans, but the current economic environments make it almost impossible for many employers to offer this option. Employees must be savvy and look out for their own future. The sooner a person starts saving the better their investment will be. The key to successful investing is starting early. The magic of time will cause interest to compound and a considerable size nest egg can be accumulated. In many cases, employer pension plans are a thing of the past. Modern day workers have to budget properly and have a plan of action. Many employers offer a retirement calculator that can estimate the amount needed for retirement. This tool can be useful for those trying to decide how much to save. It is also a good idea to get a financial planner. These professionals have the knowledge and skills to truly help make your retirement much more comfortable. Successful planning is the key to a good retirement. People can not simply wait and do nothing for their retirement.
How do you spell signiture?
The word is spelled signature. The contract needed the buyer's signature.
What is a specimen signature?
A specimen signature is an official 'copy' of your signature that is kept on file and if needed in the future can be used to verify if a signature is genuine.
How significant is a retirement calculator?
Retirement calculators can be very beneficial as they will calculate how much money is needed to retire comfortably. With this information one can plan for their retirement future.
Whose signature is needed for a bill to become law?
The President's signature is needed for a bill to become law in the United States.
UK Pension and Old Age Pension?
The UK Pension is a state pension provided to individuals who have reached a certain age and met specific contribution requirements. The Old Age Pension, on the other hand, is a financial benefit for retired individuals in the UK who are eligible based on age and income criteria. While the UK Pension is a universal benefit, the Old Age Pension is means-tested and takes into account other sources of income.
How much do you need to retire?
Before you can answer that, you need to know how much income you will need in retirement, (and for how many years). So, figure out a retirement "budget" first.Then you look at all your guaranteed income sources (pension, social security, other) and deduct their total from the budget amount you figured you'd need.Last, you take what is left after deducting the other income streams from your target budget amount, and divide it by 4.5%. The answer to that calculation is how much cash you will have needed to accumulate by retirement.
If a spouse retires at 68 and his spouse is only 64 can the spouse receive reduced benefits in early retirement?
More information is needed. Retirement from WHAT? Reduced benefits from WHERE? Are you speaking of a company retirement plan or Social Securioty?
How many years married before a spouse is entitled to pension in Ohio?
In Ohio, under the Public Employee Retirement System (PERS), a spouse is entitled to a survivor pension after being married for only one year prior to the pensioner’s retirement or death. The length of marriage required can vary depending on the specific pension system or plan. It is always best to consult with the retirement plan administrator for accurate and up-to-date information.
