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Retirement Planning

Strategies of saving money in order to meet one's financial goals upon retiring. This can be through the use of 401(k), IRA and/or pension plans to name a few.

4,043 Questions

What age can you withdraw part of your 401k without penalty?

You can withdraw from your 401(k) penalty-free starting at age 59½. Prior to this age, withdrawals may incur a 10% early withdrawal penalty on top of regular income tax.

What is the average retirement age for an x-ray technician?

The average retirement age for an x-ray technician varies, but it typically falls between 60 to 65 years old. Many x-ray technicians choose to retire once they become eligible for retirement benefits and pensions, or when they feel ready to move on to other pursuits.

How much money to give for a retirement gift?

The real answer is, it depends. It depends on the tenure and position of the person retiring and the relationship of the giver to the retiree. A huge part of figuring out how much to give is to know what the overall goal is - if there is a goal in mind, and how many people will be asked to contribute. For example, if the amount is $5,000 and 50 people are expected to contribute - on the surface that sounds like $100 per person. Only it isn't. It is several larger gifts of $250 or more and mostly smaller gifts of $35 to $75.

What is the cost per person annually for medicaid?

State Medicaid Expenses Alabama $7,097.00 Alaska $27,924.00 Arizona $10,918.00 Arkansas $10,427.00 California $12,000.00 Colorado $12,405.00 Connecticut $32,309.00 Delaware $17,749.00 D.C. $23,263.00 Florida $10,879.00 Georgia $9,620.00 Hawaii $15,731.00 Idaho $18,262.00 Illinois $9,656.00 Indiana $15,419.00 Iowa $12,484.00 Kansas $16,937.00 Kentucky $8,994.00 Louisiana $10,458.00 Maine $24,851.00 Maryland $20,321.00 Massachusetts $17,470.00 Michigan $10,121.00 Minnesota $27,554.00 Mississippi $8,438.00 Missouri $13,681.00 Montana $11,486.00 Nebraska $18,066.00 Nevada $15,252.00 New Hampshire $21,222.00 New Jersey $16,338.00 New Mexico $16,337.00 New York $24,137.00 North Carolina $16,030.00 North Dakota $20,844.00 Ohio $15,998.00 Oklahoma $7,731.00 Oregon $11,813.00 Pennsylvania $10,845.00 Rhode Island $18,032.00 South Carolina $9,071.00 South Dakota $13,250.00 Tennessee $7,950.00 Texas $11,956.00 Utah $11,664.00 Vermont $18,561.00 Virginia $13,282.00 Washington $9,780.00 West Virginia $9,784.00 Wisconsin $12,949.00 Wyoming $12,696.00 http://policy.ssa.gov/poms.nsf/lnx/0502302200 ---- Therefor the national average is 739018/50= $14780 The answer: national 2008 Average Per Capita Medicaid Expenses is $14780. Deja Suthikant M.D.

How to go back to social security disability report already started?

To return to a social security disability report that you've already started, you will need to log back into the online portal where you began the report. Locate the saved draft section or any options related to in-progress reports to continue where you left off. If you are having trouble finding the correct section, reach out to the Social Security Administration for assistance.

What are opinions on the Retirement Anarchist or David Eifrig?

If you have any questions about Stansberry and Associates, please do not hesitate to call customer service at 1-888-261-2693. We would be happy to assist you. We are open Monday - Friday 9-5 EST.

What is the average retirement age for a welder?

The average retirement age for a welder can vary depending on factors such as the individual's personal preferences, financial situation, and physical health. However, many welders retire between the ages of 62 and 67.

What is a good gift for a retirement party?

A personalized gift such as a custom engraved watch or a photo album filled with memories from their time at work can be a thoughtful choice for a retirement party. Alternatively, a gift certificate for a hobby or activity they enjoy could also be a great way to celebrate their new chapter in life.

What does the letter w at the end of medicare suffix mean?

The letter 'W' at the end of a Medicare suffix typically indicates that the individual is a widow/widower of the deceased primary account holder who earned Social Security benefits.

Which of the following items is not a major component of Social Security?

Federal Deposit Insurance Corporation (FDIC)
Federal Deposit Insurance Corporation (FDIC)
Federal Deposit Insurance Corporation (FDIC)

Civilian Conservation Corps (CCC) FOE DA PEX!

Apex also accepts Federal Emergency Relief Administration (FERA) :)

Which country was first to have employee pension plan?

Germany was the first country to establish a nationwide employee pension plan with the introduction of the state pension system in the late 19th century under Chancellor Otto von Bismarck.

The gross income of ginger hughes is 215 per weekher deductions are 15.16fica tax29.33income tax 2 percent state tax1 percent city taxand 3 percent retirement fund what is her net income?

the gross income of ginger hughes is 215 per week her deductions are 15.16fica tax 29.33 income tax 2 percent state tax 1 percent city tax and 3 percent retirement fund what is her net income?

Average age of retirement for an ultrasound technician?

The average age of retirement for an ultrasound technician is 65. This job is not difficult to do as you continue to get older.

What age should you retire?

Age is actually not the most important factor in deciding when to retire, it only approximately correlates to the two primary factors, which are finances and health. In theory, you get both wealthier and less healthy as you age, and if these trends follow the expected trajectory, you will retire at the precise moment when you can both afford to retire, and you are having difficulty in continuing to work anyway, due to declining health. It was once imagined that this would happen at the age of 65. In reality, most people will not precisely conform to that model. Some people will never really be able to afford to retire (many people are just counting on winning the lottery, which unfortunately for them, is extremely unlikely to happen) while other are already wealthy in their 20's and can retire whenever they want to. Some people remain quite healthy well into the 80's, while others get sick while they are still young. So really, retirement is a very individual matter. You retire when the time is right for you, not at a specific age. But if you need a specific age, 65 is traditional.

At what age do you retire?

Retirement age varies by country and individual preferences. In the United States, full retirement age for Social Security purposes is typically between 66 and 67, but many people choose to retire earlier or later depending on their financial situation and personal goals. Ultimately, the decision on when to retire depends on factors such as savings, health, and desired lifestyle.

What is the retirement age for teachers?

I retired from the state of Louisiana (TRSL) with twenty years of teaching in May of 2005 at the age of forty-six. I receive a life long pension of $1,404.00 and if I should die it would go to my wife until she dies. I also receive retiree health insurance with Blue Cross Blue Shield of Louisiana with covers me and my spouse. My school district (CPSB) pays 75% of the premium for the rest of my/spouse life and I pay $299.50 per month. I am now employed with the School District of Lee County (7.6 years service so far) and I plan to work for a total of another twenty years. In 2025, I will have another $1,555. per month through FRS, $1,344 with DROP and $1,494 with Social Security. I will be 66 1/2 years of age in 6/30/2025. My point of this is that our profession doesn't pay us enough to live when we begin our career as a teacher. I started at $16,000 a year. I had to work at least three jobs for my first twenty years. But if you love teaching as i do and stick with it, you can do really well at the end if you make some smart decisions and be creative with your personal abilities to create extra income. I have been teaching private guitar, piano, and voice after school for excellent extra income (I am a music teacher) and I perform as an entertainer part time. Having these abilities have helped continue in the career I love and enjoy so much.

The gross income of ginger hughes is 215 per week her deductions are 15.16 fica tax 29.33 income tax 2percent state tax 1percent city tax and 3percent retirement fund What is her net income?

To calculate Ginger Hughes' net income, you need to deduct her total deductions from her gross income. The total deductions are 15.16 (FICA tax) + 29.33 (income tax) + 2% state tax + 1% city tax + 3% retirement fund. Her net income will be $215 (gross income) - total deductions.

Can anyone retire at 62?

Yes, anyone can choose to retire at 62, but they may not be eligible to receive full Social Security benefits until reaching full retirement age, which is typically between 66 and 67, depending on the year of birth. Retiring early can reduce the monthly benefit amount received. It's important to consider the financial implications and plan accordingly.

Can you retire at the age of 50?

In the United States, ever since the 13th amendment to the Constitution was ratified, you can retire at any age you want.

However, you will not be able to collect Social Security at that age (unless you are disabled). Withdrawals from an IRA or 401k will be penalized unless part of a SEPP plan. Whether you will be able to collect payments under a defined benefit plan will depend on the terms specified in the plan documents.

What is the retirement age in france?

The standard retirement age in France is currently 62 years. However, there are specific conditions and options for early retirement or later retirement depending on the individual's pension scheme and work history.

What is the set retirement age?

The set retirement age varies by country and pension system. In general, the retirement age ranges between 60-67 years old in many countries, but it is subject to change due to policy decisions, economic factors, and demographic trends. It's important to check with the specific regulations in your country or region for the most accurate information.

What is a provision on a bond which provides for the systematic retirement of the bond prior to their maturity?

A provision on a bond that provides for the systematic retirement of the bond prior to maturity is known as a sinking fund provision. This provision requires the issuer to set aside funds on a regular basis to repay a portion of the bond issue before it matures, reducing the overall debt burden.

What is the current retirement age in the uk?

The current retirement age in the UK is gradually increasing to 68 by 2046, as outlined in the Pensions Act 2014. It was previously 65 for men and 60 for women, but changes are being made to align the retirement age for both genders.

Is a fixed index annuity good for older persons.?

Yes. A Fixed Index Deferred Annuity offers the senior; [1] a fixed guaranteed interest rate annually, [2] additional growth potential with index market growth, [3] are tax deferred allowing the entire amount of principle and gains to snowball and increase total equity growth. [4] has zero risk to principle or gains. The key word in an annuity is "variable". A variable annuity is at risk of loss of all gains and sometimes principle. Avoid any annuity with the word "variable".

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