Saving for Retirement

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Are Green Card Holders Living Abroad Eligible for Social Security Benefits?

een cards give citizens of other countries the right to work and live in the U.S. These permanent residents like U.S. citizens, have FICA -- Federal Insurance Contributions Act -- payments for Social Security withheld from their paychecks. FICA taxes and wages build eligibility ...

When You Roll Over an IRA or Annuity Do You Pay Taxes?

individual retirement account and an annuity are both used in retirement planning, but they are different instruments. An IRA is a sort of savings account, usually established with a bank or other financial institution. An annuity is a contract with a life insurance company ...

What Is 401(a) Retirement Plan?

401(a) retirement plan is an employer-sponsored money-purchase plan that allows you to save money for retirement. Similar to other retirement accounts, 401(a) plans offer employees tax advantages. The employer defines how much the company contributes and the requirements you ...

How Does Civil Service Retirement Affect Social Security Benefits?

cial security is a pay-as-you-go system that requires contributions during your working years in order to collect benefits at retirement. Although federal civil service employees pay into a retirement system, the “system” is not always covered under Social Security ...

Is There a Cap on Two-Earner Social Security Retirement Benefits?

you've worked and paid into the Social Security system, then you're entitled to retirement benefits, either at age 62 (for early retirement) or later. The amount of your monthly Social Security benefit depends on your lifetime work record and the amount you've earned over all ...

Why Have a Financial Planner Handle Retirement Money?

tirement investments, accounts and holdings are a crucial element in ensuring that you have enough money to live on after you stop working. The financial stability that comes with properly managed and monitored retirement money can help you have enough money to afford the ...

Risks of a Roth IRA & a Roth TSA

th individual retirement accounts and Roth tax-sheltered annuities, also known as Roth 403(b) plans, let you save money on an after-tax basis. This means you won't get a deduction for contributions, but retirement distributions will be tax-free. However, as tempting as tax-free ...

How Much Money Should I Put Into Pre-Tax Retirement Savings?

mfortable living in your twilight years requires decades of careful planning and saving. Within your planning, you must decide on your types of retirement accounts, percentage to contribute and how to invest your money. Retirement accounts fall into two categories: pre-tax and ...

How to Transfer Ownership of an Annuity in a Trust

annuity is one way to save for retirement that offers some tax advantages that differ from commonly used retirement accounts, such as an IRA or an employer-sponsored 401(k). The primary tax benefit of an annuity is that your account earnings are tax deferred -- that is, you do ...

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