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It depends on the state where you married and the state where you resided. In a community property state, all property that is acquired during marriage - including retirement benefits - is community property and therefore upon legal separation, it is split 50/50..
In a common law state however, each spouse own his/her own income and property, so upon separation - what you earned is still yours.
What else can I help you with?
What is a deferred vested benefit with a retirment plan?
A deferred vested benefit in a retirement plan refers to an employee's entitlement to a portion of their retirement benefits that they have earned but have not yet accessed, typically because they have left the employer before retirement age. This benefit is "vested," meaning the employee has a legal right to it, even if they are no longer employed by the company. The benefit will typically be payable at a future date, such as retirement, and is often based on the employee's years of service and salary history.
Which term describes money collected and invested for the benefit of work retirement plans?
The term that describes money collected and invested for the benefit of work retirement plans is "pension fund." Pension funds accumulate contributions from both employers and employees, which are then invested to generate returns over time, ensuring that retirees receive financial support during retirement. These funds are typically managed by financial institutions and must adhere to specific regulations to protect the interests of the beneficiaries.
The 401K and 403B plans are part of which type of benefit?
retirement
What is the principal benefit of an annuity?
The principal benefit of an annuity is providing a steady stream of income during retirement.
Why would you choose to purchase an annuity?
An individual may choose to purchase an annuity to receive a guaranteed income stream during retirement, protect against outliving their savings, and potentially benefit from tax advantages.
Can a exwife collect your exhusband retirement pension?
No.
Can you receive your social security retirement benefit as a check?
Yes you can choose to receive your monthly social security check in the mail if that is really what you want to do.
What percentage of the full retirement benefit will you receive if you retire at 64?
This would depend on the country in which you live. In the UK is you are going to retire, you can not claim the state retirement benefit early. If the pension is form an employer or private, that would depend on your pension/employment contract.
What is an Annual base benefit rate?
The Annual Base Benefit Rate (ABBR) is a calculation used primarily in pension and retirement plans to determine the yearly benefit amount an individual is entitled to receive upon retirement. It generally reflects the average of an employee's earnings over a specified period, adjusted for factors like years of service and contribution levels. This rate serves as a foundation for calculating the total retirement benefits that will be paid out, ensuring that retirees receive a consistent income stream.
Is it possible to receive a social security benefit of 25000 dlrs. per year?
According to the Social Security Administration, the maximum benefit for a worker retiring at full retirement age is $2,116 per month in 2007. That is $25,392 per year. So the answer is yes. However, in order to receive that benefit, one must have had an annual income at or near the taxable maximum in the years leading up to retirement ($94,200 in 2006).
Can you receive half of husbands benefit check?
Yes, you can receive half of your husband's Social Security benefit if you are eligible for spousal benefits. To qualify, you must be at least 62 years old and your husband must already be receiving his benefits. The spousal benefit can be up to 50% of your husband's benefit amount, but it may be reduced if you claim it before your full retirement age. Additionally, if you qualify for your own benefit, you will receive that amount instead if it is higher.
Which defined benefit plan is part of which employee benefits?
retirement ;)
Is retirement benefit taxable?
Sure is.
Can you have a full time job and receive retirement benefits?
Not normally, as full time employment would earn you more money than allowed with the amount of benefit received.
Can you receive retirement benefits after 25 years MO teacher?
Yes, in Missouri, teachers can qualify for retirement benefits after 25 years of service through the Public School Retirement System (PSRS). The benefits are based on a formula that considers years of service and average salary. Teachers who retire early may receive reduced benefits, while those who meet the age and service requirements can receive full retirement benefits. It’s advisable to consult with PSRS for specific details regarding eligibility and benefit calculations.
How does your wife get half of your social security?
At her full retirement age your wife is entitled to an amount equal to half of what you are entitled to receive at your full retirement age. (If you're not the same age that full retirement age may not be the same age in years for both of you as it rises from 65 to 68 in the years to come) Benefits your wife receives neither increase nor decrease your retirement benefit from social security. What she gets doesn't change what you get. Your benefit is increased by the delayed retirement credit of 8%/year for each year you delay taking benefits after your full retirement age until age 70, but your wife's available retirement benefit does not change. (Neither of you should delay starting Medicare since that usually incurs a penalty.)
Born in 1975 what would be my retirement age to get maximum social security benefit?
To get your full retirement benefit, you need to be 65 or older. That will be in the year 2040.
