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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

Can you get a tax refund if your only income is social security?

Income tax refunds are based on tax that was withheld or previously paid. There is normally no withholding tax on social security.

You might, however, qualify for Earned Income Credit, or be able to collect a refund based on payments in a previous tax year.

What is CBS corporation phone for westinghouse pension plan?

I was laid off in 1981 from the East Pittsburgh, PA plant. How can I find out if I would be eligible for a pension from Westinghouse. I might as well let you know that I was laid off six days short of completing my 10th year of service.

What are two tax benefits of the 401k plan?

one benefit is that you don't have to pay income taxes on the money contributed to the account or any growth it experiences until you withdraw the funds.

another benefit may be available to you with a 401k plan is a contribution match by your employer. with this benefit comes the term "vested". this refers to the amount of your employers contribution that you are entitled to should you leave the company.

What is the formula for future value of ordinary annuity?

FVoa = PMT [((1 + i)n - 1) / i]

FVoa = Future Value of an Ordinary AnnuityPMT = Amount of each paymenti = Interest Rate Per Periodn = Number of Periods

What is the best investment nowadays?

To work out the best investment you really have to consider supply and demand. Look at how many people are wanting the "investment" and how many people are selling it. If demand is higher then supply than you have a good investment.

Are the Iraqi dinars going to revalue this yearwww?

The answer is yes. when? Possibly in June of 2011. By then the us troops will be pulled. The budget will be finished and all of the goi will be completed. Something to keep in mind it really can happen at any time but June is looking like the most possible time. Iraq is scared to re value the iqd based on the fact

they are the third richest oil company in the world and they don't want to lose a lot of there income. The reason they will lose money is based off of the percentages of differnt countrys who own stock in dinar. There is roughly 5 trillion dollars in dinar not in Iraq so if it is valued roughly at 3 dollars per dinar that's 15 trillion dollars lost in income through the country. Look for Iraq to take as much time as they possibly can to avoid the re value until they can have enough saved in oil to compensate for the 15 trillion dollar loss. Luckily for Iraq at the end of this year Iraq should have 93 trillions worth of oil. Let's pray for a rv soon but look for it in June. Ps. Please do not!!!!!!! Buy dinar on reserve on certain dinar trade sites it is a scam you do

not get your money back if you do not pay the rest of the balance due. U lose 131 dollars average. I'm just saying spend the

money on buying actual iqd that way you don't have to worry about those sites actually sending you the dinars if it rv before your 30 days are up. Just rember only spend what you can afford just think of it as another bill. It will pay off in the end if Iraq can finally get all the elements in order. Pray for rv!!! I know I am

AMAX Inc pension plan?

i worked for Amax Chemical in Plant City,FL for 10 yrs, how can i find out who to contact about retirement information?

Of what elements does a pension plan's funding structure consist?

The funding structure consists of existing assets such as cash and investments, obligations for currently retired employees, obligations for future retirees, and expected future contributions

Can you contribute to an IRA if your company has you in a pension plan?

Yes, but part or all of your traditional IRA contribution might not be deductible, depending on your income (MAGI). Roth IRA contributions are not deductible, at all.

How do you find Rockwell Automation retirement benefits?

The Rockwell Automation Retirement Savings Plan is a well defined system of contribution that carries with it a profit sharing aspect. It has an average account balance of $150,000 for 16,000 participants.

What is an annuity with an infinite life making continual annual payments?

An annuity with an infinite life that makes continual annual payments is known as a perpetuity. It is a financial instrument that provides a stream of cash flows indefinitely with no end date. The payments are typically fixed and occur at regular intervals, such as annually. The present value of a perpetuity can be calculated using the formula ( PV = \frac{C}{r} ), where ( C ) is the annual payment and ( r ) is the discount rate.

Did House Bill 159 get passed which increased the limits of the Florida Life and Health Insurance Guarantee Association FLHIGA from 100k to 250k in cash values of annuity contracts?

After the FDIC raised the limits on deposits held at banks and savings and loans, it left other investment instruments, such as annuities, at somewhat of a disadvantage in Florida, since FLAHIGA limits on cash values were still capped at $100,000. Many other states had already raised their cash value limits to $250,000 or even $300,000 for annuities. H.B. 159 sought to bring FLAHIGA more in line with similar guaranty mechanisms in other states and with the FDIC limits for investments held in banks. This legislation raises the FLAHIGA limits on cash values of annuities from $100,000 to $250,000 and levels the playing field for investors who want alternatives to putting their money in the bank. The bill went into effect on July 1, 2010. Starting on this date, investors will have the same protection when putting their cash into a deferred annuity contract as they would when putting money in an FDIC-insured bank.

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