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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 a fixed annuity have a minimum interest rate and a flexible premium payment schedule?
Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are).
Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period
annuity due we paid at the begging of the period
Difference between Settlement and Curtailment in Pension Plan?
On occasion, an employer may end a pension plan. When a plan is ended, it is a pension plan settlement; the obligation to the pensionable group is settled by transferring assets to a trustee, and any deficiencies in funding are remedied.
If the settlement is partial, which means the pension plan continues but a company decides to down-size the company which results in lay off employees, this is called curtailment.
Gains and losses that arise from settlement or curtailment are not subject to amortization. Settlements relate to employees who are no longer with the company and Average Remaining Service Period (ARSP) is zero, gains and losses are recognized immediately.
What is the difference cash at bank and hand in cash and overdraft?
The difference between Cash on Hand from Cash in Bank is that the cash is on our hand while the other one is that cash is not in our hand but in the bank. Serioulsy, I really dont know. Thank you very much!
Refund Life Annuity
Where Did Eisenhower Go For His Retirement?
DDE and Mamie retired to a working farm adjacent to the Gettysburg battlefield. In 1967, they donated the farm to the National Park Services. In 1980, the property was opened to the public as the "Eisenhower National Historic Site."
DDE did not completely retire from public life; he did speak at the RNC in 1964, and appeared with Barry Goldwater during his compaign.
What company handles Kelsey Hayes hourly pension plan?
I am trying to locate the Pension Plan for my mother. My father worked at Kelsey-Hayes Company. Who can you contact for this information.
What does a retired 2-star general earn for retirement?
It is a bit hard to say specifically. The normal retirement pay is based on salary at end of service, which in turn is based on rank and years of service. It will be between 50% and 75% of the base salary.
At 20 years (Generals are going to have more than 20 years, it is very unusual to achieve star rank in less than 20 years) you get 50%. You get an additional 2.5% for each additional year after 20 to a maximum of 75%. Based on the 2010 pay charts it would be between $75,516 and $79,314. That does not include full medical benefits and access to military exchanges.
What is the average retirement for engineers?
The average retirement for engineers is about 60 years. In the United States, it was initially 57 but that was reviewed upwards to 61 years.
Which of these is true of an annuitys?
there are only two types of annuities including fixed and variable...
That's a good question. I would like to know too. So far I haven't found any such loopholes, but believe me, right now, I could use the money. Send me an answer, any who may know the answer to this question. pkg7267@gmail.com Thank You
Can you cash in your pension if under 50 in the UK?
Only if you no longer live in the UK and have done so for at least 5 years, then you can transfer your UK pension to a New Zealand Qrops and cash it in. for more information on Qrops go to www.the-qrops-specialist.com
How does Erickson Retirement Communities market vacant units?
Erickson advertises through local newspaper and television ads, direct mail pieces and through The Erickson TribuneNewspaper that is sent to 6.8 million readers each month.
I assume you mean draw on annuity early. Depends on the type annuity. If deposit type ...yes. If deferred payout annuity...no, (like a pension) not until you reach a certain age.
How can you withdraw money from annuity?
Your annuity policy document should have all the withdrawal provision detailed for you. If not contact the company you have the annuity with and they can give you instructions. Before you withdraw from an annuity be aware of the tax treatment of your annuity withdrawals.
Is a variable annuity or a fixed annuity a good investent tool?
They are both good invesment instruments when used for the right purposes. Both are insurance policy contracts with distinctive features and differences.
db plans are pooled asset type plans (both employer and employee $) and expenses are normally deducted/paid from the assets.
A regular payment made to a person after they retire?
A regular payment made to a person after they retire is called a pension
What is a description of an annuity?
the insured agrees to make a lum-sum payment or series of payments to an insurance company
How can I move my pension from the UK?
You can transfer your UK pension to a QROPS (Qualifying Recognised Overseas Pension Scheme) QROPS exist all around the world and the best Qrops for you depends on your circumstances.
You can read about Qrops by visiting www.the-qrops-specialist.com
