Go to http://goo.gl/9RRav8 to see Josh Rauh's new self-paced online course from the Stanford Graduate School of Business, Stocks and Bonds: Risk and Returns with Professor Josh Rauh. Instructional videos and exercises free online until April 2015.
Views: 22176 Stanford Graduate School of Business
This video shows the difference between a defined-benefit pension plan and a defined-contribution plan. The core difference between these two types of plans boils down to what the employer is promising: with a defined-benefit pension plan, the employer is promising the employee a series of annuity payments after the employee retires. With the defined-contribution pension plan (e.g., a 401(k) plan), the employer is promising to make contributions to the employee's retirement account. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 45594 Edspira
What are defined benefit plans – What is a defined benefit plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of defined benefit plans and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a personal define benefit plan for retirement. Defined Benefit Plan on Retirement Finances There are many different retirement insurance plans available for retirees. Some are affiliated with your company; others are available through the federal government or private companies. Defined benefit plans are a type of pension plan that will benefit you throughout your retirement. The defined benefit pension plan was the most common type of pension plan before 401k plans took over (which is a form of a defined contribution plan). Still, labor unions tend to still use this plan, as do self-employed individuals or business owners with a small amount of employees. These pension plans need a substantial amount of money being pumped into the investments, so more affluent workers are more likely to look into this as the best retirement insurance plan. What is a defined benefit plan? A defined benefit plan is an employer-sponsored retirement income plan that promises a specified monthly benefit at retirement. The promised amount could be a defined amount, say $200/month. However, it is more commonly based on a formula using factors such as salary history, your age, duration of employment, etc. The company controls all of the investment risk and portfolio management and is protected, with certain limitations, by federal insurance. According to the IRS website, a defined benefit plan is a valuable and smart option to consider when making the choice between retirement plans. Some of the reasons are These plans are contributed only by your employer, but sometimes have stipulations that require contributions to be made by the employee as well. Pros and Cons of Defined Benefit Plans As in any retirement insurance plan, there are pros and cons to defined benefit plans based on different factors: income, age, how long you've been working with a company. Some pros of this plan are Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: Defined benefit plan annuities Defined benefit plan income Defined benefit plan explained Defined benefit plan reviews Defined benefit plan review What is the best fixed indexed Defined benefit plan vs the top immediate income Defined benefit plan https://www.youtube.com/watch?v=deRxETzmpdA
Views: 3198 retiresharp
This video shows how to calculate pension expense for a defined-benefit plan. A comprehensive example is provided to illustrate how (1) service cost, (2) interest cost, (3) expected return on plan assets, (4) amortization of gains or losses (corridor amortization), and (5) amortization of prior service cost are tallied to generate pension expense. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 24417 Edspira
TJ has a defined benefit pension plan that he can take as a lump sum or annuity. Wes helps TJ crunch the numbers and find the best path for retirement. Original air date: April 30, 2017 - Hour 2, Call 1. Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. You Can Retire Sooner Than You Think, Buy it here: https://retiresoonerbook.com/
Views: 231 Wes Moss Money Matters
This retirement video covers the history of Defined Benefit Plans, known today as Pensions, as well as analyzes Defined Contribution plans like IRA's, 401k's and qualified annuities. It also introduces the popular new alternative safe money strategy called a Private Pension, or Private Pension Plan. Today's retirement dreams have been jeopardized. After the Great Depression in the 1930's until the mid-1970's, America's retirement system was sound and worked great. That generation of retirees had access to defined benefit pension plans and were ensured an income for as long as they were alive with solid pension benefits in place. But over the years following the 70's, pension plans gave way to mandatory 401k's. This evolution inadvertently summoned everyday mom and pop workers to do the job of a full time pension fund manager, by forcing them to manage their own retirement money. Fast forward to 2013. Over 10,000 baby boomers are hitting age 65 every single day for the next decade. And the majority of them are unprepared and underfunded to weather out retirement without running out of money. With the pensions of old almost completely extinct, where can baby boomers and retirees turn for a contractually guaranteed lifetime income stream? Introducing the Private Pension Plan. One of the last retirement and investment options in the world that can contractually offer lifetime income stream like the old school pension plans. To learn more about Private Pension Plans, what pension benefits are available today, and how these vehicles can act as one of the most secure retirement savings and income plays for baby boomers and retirees, make sure to visit http://www.privatepension.com Today!
Views: 6963 Retirement Think Tank
What is Defined Benefit Pension Plan? A defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum (or combination thereof) on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental and public entities, as well as a large number of corporations, provided defined benefit plans, sometimes as a means of compensating workers in lieu of increased pay. A defined benefit plan is 'defined' in the sense that the benefit formula is defined and known in advance. Conversely, for a "defined contribution retirement saving plan", the formula for computing the employer's and employee's contributions is defined and known in advance, but the benefit to be paid out is not known in advance. In the United States, 26 U.S.C. § 414(j) specifies a defined benefit plan to be any pension plan that is not a defined contribution plan where a defined contribution plan is any plan with individual accounts. A traditional pension plan that defines a benefit for an employee upon that employee's retirement is a defined benefit plan. The most common type of formula used is based on the employee's terminal earnings (final salary). Under this formula, benefits are based on a percentage of average earnings during a specified number of years at the end of a worker's career. In the private sector, defined benefit plans are often funded exclusively by employer contributions. For very small companies with one owner and a handful of younger employees, the business owner generally receives a high percentage of the benefits. In the public sector, defined benefit plans usually require employee contributions. Over time, these plans may face deficits or surpluses between the money currently in their plans and the total amount of their pension obligations. Contributions may be made by the employee, the employer, or both. In many defined benefit plans the employer bears the investment risk and can benefit from surpluses. ………………………………………………………………………………….. Sources: Text: Text of this video has been taken from Wikipedia, which is available under the Creative Commons Attribution-ShareAlike License
Views: 29 Free Audio Books
In this online version of our popular live webinar, Claire Evans demonstrates how firms can use Voyant Adviser to run Appropriate Pension Transfer Analysis for clients considering transferring their defined benefit schemes to money purchase arrangements. Table of Contents: 00:23 - Introducing our clients James and Gemma Henderson 00:41 - Plan 1. The Base Plan - Keep the final salary, leave DB pension in place 00:56 - Plan Preferences - Setting the default future escalation rate for the Lifetime Allowance, Nil Rate Band, and Main Residence Nil Rate Band Extension Threshold 02:01 - Plan Preferences - Setting default assumptions for the Major Market Loss simulation 02:47 - Entering and configuring the final salary scheme 03:33 - Setting the Normal Retirement Age for the DB scheme and the Actuarial Reduction applied to benefits when taken before NRA 03:44 - Defaults and Events - How to schedule the start of future payments from a final salary 04:01 - Lump sum options for final salaries 04:14 - Death in deferment benefits for final salary schemes 04:30 - Overview - Reviewing what we know, what we've entered about our clients 05:00 - Protection Policies and Expenses - Suggestions for modeling early mortality scenarios 05:33 - Taxes - Where to account for Lifetime Allowance protection 06:03 - Let's See - Reviewing the results of the Base Plan in the charts 06:07 - Interpreting the Cash Flow chart 06:53 - The Liquid Assets chart - Track the growth and drawdown of savings, investments, and pensions 08:04 - Taxes - Flagging Lifetime Allowance overages 08:29 - The Taxes details - Annual taxation worksheet and cumulative tax totals by client 09:05 - Plan 2. Scenario - What if they keep the final salary and James dies early 09:10 - Use the drag-and-drop Mortality event to model early mortality 10:02 - Interpreting the results of the scenario in the Cash Flow chart 10:18 - Compare results from the Early Mortality scenario with the Base Plan 10:49 - Plan 3. Transfer DB and Take Matching Retirement Income - Transfer the final salary CETV into a money purchase 11:30 - How to schedule a matching income from a money purchase 11:54 - Interpreting the results of the scenario in the Let's See charts 12:00 - Why is there a spike at age 75? The BCE 5A check 12:31 - Simulation - Run an Investment Return Rate Need Analysis to find the baseline (net of fees) rate of return needed to generate a retirement income matching the DB benefit 13:12 - Plan 4. Transfer DB scenario with other assets included 14:20 - Plan 5. Scenario, Lifestyle Plan and Investment Recommendation - Transfer DB, retire early, mitigate Lifetime Allowance overage 15:02 - Lifetime Allowance Tax Mitigation - How to schedule the withdrawal of all tax free cash from a Money Purchase upfront at Retirement 15:39 - Planned Withdrawals - How to set a withdrawal schedule (future retirement income) from a drawdown pension 15:57 - Track planned withdrawals in the Cash Flow chart 16:03 - Planned Withdrawals - How to schedule future withdrawals (e.g. future retirement income) from investments 16:26 - Transfers - How to schedule the transfer (reinvestment) of tax free cash (and other lump sum inflows) into a particular investment 17:17 - Taxes - Comparing plans for tax efficiencies including the Lifetime Allowance tax and total cumulative tax per client 19:29 - Stress testing the DB transfer plan 19:44 - Plan 6. Early Mortality - Stress test the Lifestyle and Investment Recommendation plan (with DB transfer) for earlier than expected mortality 21:04 - Plan 7. Major Loss - Stress test the Lifestyle and Investment Recommendation plan (with DB transfer) for make loss 22:03 - The Assets by Type Chart - View the total asset position, including illiquid assets 22:22 - Support - Where to find help
Views: 2048 voyantuk
Mark Abley, The Pension Specialist explains why it might be a good time to look at a Final Salary Pension Transfer. This is the first video in our two-part series explains in jargon-free language how final salary (defined benefit) pensions work. ______________________________ Subscribe - https://www.youtube.com/channel/UCV8Q4xnPw7C-uf4vTm11rlg Previous Video - Prepared for Retirement? https://youtu.be/blVqO43Y0_w Visit our website: http://thepensionreviewservice.com/ Like us on Facebook! https://www.facebook.com/thepensionreviewservice/ Follow us on Twitter! https://twitter.com/PensionsReview ______________________________ 0:11 Why are Final Salary Pension Transfers more attractive now than they were 12 months ago? 0:34 Is there a risk my Final Salary Pension Scheme will fail? 1:02 Are any Final Salary Pensions Schemes excluded from pension transfer? 1:49 How do I check the value of my Final Salary Pension? 2:08 What is critical yield? 2:29 Can I take my pension at 55 is it's deferred? ______________________________ The Pension Review Service – Your Independent Pension Specialist
Views: 4256 The Pension Review Service
TJ has a defined benefit pension plan that will let him take either a lump sum or a single-life annuity. He'd like to know which option will serve him best for a happy retirement. Wes examines TJ's overall retirement plan to find the best answer. Original air date: June 11, 2017 - Hour 2, Call 1. Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. You Can Retire Sooner Than You Think, by Wes Moss - Buy it here: http://a.co/4Srbldy These audio clips are recordings from the Money Matters radio show. The provided discussions are general in nature and based on the financial and economic events at the time and/or minimal information disclosed by call-in participants. The responses to questions are not meant to be personalized investment advice. Every person's financial situation is unique and there is no one-size-fits all advice and requires more detailed analysis than what can be conducted for a call-in participant. Any information obtained in the audio should not be accepted as investment advice and should be discussed with a financial professional. Any actions taken should only be done after evaluation and analysis of your specific situation. All investing involves risk including the loss of an investor's principal. No guarantees can be offered that any of the call-in participants were successful or that any information provided assisted the call-in participant in achieving their financial goals.
Views: 965 Wes Moss Money Matters
Pension Plans Explained: Defined Contribution vs Defined Benefit Plans What we’ll cover: What are Pension Plans? 2:02 Key Differences between Defined Contribution and Defined Benefit Plans 5:05 Accounting for the 2 Types of Plans 10:05 Personal Finance Implications for Both Types of Plans 13:10 PERSONAL FINANCE & FINANCIAL PLANNING Pension Plans: Defined Contribution Plans vs Defined Benefit Plans WHAT ARE PENSION PLANS? Individual Investment Accounts to assist Funding Your Retirement Individuals being encouraged to better fund their own retirement, through individual investment accounts. These can both reduce burden on state, while also improves the standard of living in retirement These accounts funded by employers or individuals themselves and often receive favourable taxation treatment These accounts have restrictions on accessing the funds prior to retirement Pension Plans System often Dependant on National Jurisdictions This video may be played anywhere in the world, so I have to talk in generalisations. But you’ll find specific systems, structures and rules are based on where you’re located. In the US: 401(k) Accounts In Australia: Superannuation Account within a superannuation fund In Ireland: PRSA, or a Personal Retirement Savings Account But no matter your location, the consensus view is that there are 2 Distinct Types, or categories, of Plans: 1) Defined Contribution Plan 2) Defined Benefit Plan KEY DIFFERENCES BETWEEN 2 TYPES OF PLANS Defined Contribution Plan: * Employer only obligated to contribute set amount each period * No guarantee of future benefits, only committed to the contribution. E.g. minimum 9.5% of earnings in Australia * Therefore the employee bears the investment risk Defined Benefit Plan: * Employer is obligated to provide an income stream post retirement Income stream amount dependent on variety of factors, e.g. length of service or salary at retirement * Employer bears investment risk i.e. they the promising a particular income stream and must have the plan assets to meet these commitments * In general: These plans can cause huge liabilities for some companies Are being phased out and 'defined contribution plans' are becoming the standard ACCOUNTING FOR BOTH PLANS Defined Contribution Plan: * Much simpler accounting * Income Statement: ‘Pension Expenses’ are just the contribution made * Balance Sheet: No impact, i.e. no recognition Defined Benefit Plan: * More complex accounting. Differences in accounting between IFRS and US GAAP * Income Statement: ‘Pension Expenses’ can involve any new pensions earned by employees, benefits paid from past employees and interest * Balance Sheet: Compare the Plan Assets vs Estimated PV of Pension Obligations Net pension asset or net pension liability on balance sheet PERSONAL FINANCE IMPLICATIONS Defined Contribution Plan: * Must monitor Performance of Contributions * Must monitor Allocation of Contributions (1) Determine post retirement income needs, (2) Estimate the balance needed that should generate that income, (3) Plan to reach the balance needed by adjusting contributions and monitoring fund performance Defined Benefit Plan: * Must monitor the financial strength of Plan * Must monitor communications from the managing entity, and it’s management * Learn the rules of how your Defined Benefit Plan works DISCLAIMER The business AccoFina, and myself the individual, are not giving personal advice in this video. It is meant to provide factual information for educational purposes. We do not know your personal circumstances and financial goals. Neither AccoFina or myself hold an AFSL, nor are we authorised representatives of an AFSL holder. We are not a licensed financial advisor. This is general information only and should not be taken as constituting professional advice. You should consider seeking independent legal, financial, taxation or other advice to check how this information relates to your unique circumstances, before taking (or not taking) any actions. AccoFina and myself are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this video. -------------------- Thumbnail Photo by Daniel Spase from Pexels --------------------- This video was brought to you by AccoFina. Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Here’s AccoFina’s Most Popular YouTube Video: https://goo.gl/Jbv685 And here’s AccoFina’s Latest YouTube Upload: https://goo.gl/wDM83Y AccoFina Website, Product Pages and Social Networking: 1) Website (includes Free Spreadsheets, Free Books and Free Calculators) http://www.accofina.com 2) Amazon Author Page: http://www.amazon.com/author/axeltracy 3) Udemy Instructor Page https://www.udemy.com/u/axeltracy/ 4) Twitter http://www.twitter.com/accofina 5) Google+ http://plus.google.com/+accofina
Views: 65 AccoFina
This video explains the components of pension expense for a defined-benefit plan: (1) Service Cost (2) Interest Cost (3) Expected Return on Plan Assets (4) Amortization of Gains or Losses (corridor amortization) (5) Amortization of Prior Service Cost Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/ To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 23783 Edspira
Mark Abley, The Pension Specialist, answers your questions on Final Salary Pensions and why it might be a good time to look at your Final Salary Pension Transfer. This is the second video in our two-part series explains in jargon-free language how final salary (defined benefit) pensions work. ______________________________ Subscribe - https://www.youtube.com/channel/UCV8Q4xnPw7C-uf4vTm11rlg Visit our website: http://thepensionreviewservice.com/ Final Salary Pension Transfer - Your Questions Answered | Part 1 https://youtu.be/fn1W2myEpF8 Like us on Facebook! https://www.facebook.com/thepensionreviewservice/ Follow us on Twitter! https://twitter.com/PensionsReview ______________________________ 0:16 Will I be charged to transfer out of my Final Salary Pension scheme? 0:30 What if I change my mind after a Finals Salary Pension Transfer? 0:47 Typically, how long does a Final Salary Pension Transfer take? 1:37 What costs are involved in making a transfer? 2:15 Can I execute a Final Salary Pension Transfer or do I need to employ an adviser? ______________________________ The Pension Review Service – Your Independent Pension Specialist
Views: 1551 The Pension Review Service
Understanding what your company pension plan offers can help you determine how to make the most of all your retirement savings options. Your employer may offer a company pension plan to help you save for retirement. There are two types of pension plans: Defined benefit plans, and Defined contribution plans. What’s the difference between defined benefit plans and defined contribution plans? A defined benefit plan: Guarantees how much pension you will receive when you retire. The amount is usually pre-determined based on a formula involving your years of service, your earnings and your age at retirement. You have no active involvement in the plan, as your company makes the decisions about investing the overall plan's funds. A defined contribution plan: Bases your pension on the value of the contributions and their investment returns in your account at the time you retire. Your company usually makes contributions based on a fixed percentage of your salary. Plus, many plans will allow you to make additional contributions that your company may match up to a specific amount. You have control over the investment strategy for the account based on your risk tolerance and investment goals. Why contribute to your company’s plan? There are several benefits to contributing to your company pension plan: First, if your company offers matching contributions, by putting in an amount equal to what you contribute, or a percentage of what you contribute, you're essentially getting free money you would otherwise not receive. Second, your contributions are tax-deductible, meaning you pay less income tax now. And the funds remain exempt from tax until they are withdrawn. Third, a company pension plan is also a great way to supplement other forms of retirement savings, such as the universal, public Canada Pension Plan, CPP, or Quebec Pension Plan, QPP, and other individual savings plans, such as RRSPs or TFSAs, Tax-Free Savings Accounts. Understanding what your company pension plan offers can help you determine how to make the most of all your retirement savings options. Find more tips and tools at sunlife.ca. Life's brighter under the sun. Learn more about worplace pensions and savings: https://www.sunlife.ca/ca/Investments/Workplace+pensions+and+savings?vgnLocale=en_CA
Views: 2415 Sun Life Financial Canada
This video shows how to record the appropriate journal entry to record pension expense for a defined-benefit pension plan. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 16233 Edspira
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 46409 The Dave Ramsey Show
Tax Free Savings Account (TFSA Account) - Turning your TFSA into a personal pension plan (Video 3 of 3) *LIMITED TIME PROMOTIONAL OFFER* New website launch. Take the full Personal Pension Academy online course for ONLY $97 CDN (All taxes included). Regular price of $497 -- *Save $400 off the usual course and workshop fee* -- Click on the following coupon link: http://personal-pension-academy.teachable.com/courses/personal-pension-academy?product_id=97148&coupon_code=YOUTUBE_SUBSCRIBE&preview=logged_out The Tax Free Savings Account (TFSA) is a relatively new tax savings vehicle introduced by the Canadian government. It is, in my opinion, the Holy Grail of tax planning. In this video, we'll see exactly why. The TFSA account can be used as a savings vehicle or a means to fund your retirement in a tax-free manner. In this video tutorial, I'll show you a very effective investment strategy to turn your TFSA into your own personal pension. I'll also show you how you can reap the benefits of a pension and start collecting right away. Best of all, this "pension payment" is completely tax free. You won't have to pay a cent in tax and you won't have to report it on your tax return. I'll also go over the some the advantages this TFSA investment strategy has over the Canada Pension Plan (CPP) and the Old Age Security (OAS) benefit. You'll be surprised and excited at what you can do. Continue your free training with the next videos in the Personal Pension Academy: Video 1 - Secrets the financial industry don't want you to know https://www.youtube.com/watch?v=qy8gqpO1Rrk Video 2 - The Investment ADD Death Trap https://www.youtube.com/watch?v=EcYutKisUcs Course Enrollment - Start Earning a Second Pay Cheque Now. https://www.youtube.com/watch?v=oC5BNVd8WB0 Check out my free online money course - The Wealth Acceralerator: http://www.sbcknowledge.com/wealth-accelerator/ Here are some other good resources on Tax Free Savings Account - How they work and what they do - Good explanatory video - https://www.youtube.com/watch?v=5pcvgKCxFhk - Another good explanatory video from ScotiaBank (although I wouldn't buy any of their investments) - https://www.youtube.com/watch?v=a3Flb9lGUMM - TFSA vs RRSP explanation and examples - https://www.youtube.com/watch?v=iraKxb6baCc - Information on Tax Free Savings Accounts (TFSA) from the Canada Revenue Agency (CRA) - http://www.tfsa.gc.ca/ - Good article from the Globe & Mail on so Do's & Don'ts of TFSA investing - http://globalnews.ca/news/1502572/5-dos-and-donts-of-tax-free-savings-accounts/ Come visit our website at www.sbcknowledge.com
Views: 31042 Ian DiNovo
This video tutorial provides information of the following : 1. Types of post-employment benefit plans and the implications for financial reports. 2. Measures of a defined benefit pension obligation (i.e., present value of the defined benefit obligation and projected benefit obligation) and net pension liability (or asset) 3. Components of a company's defined benefit pension costs. 4. Impact of a defined benefit plan's assumptions on the defined benefit obligation and periodic pension costs. 5. Effects on financial statements of adjusting for items of pension and other post-employment benefits that are reported in the notes to the financial statements. 6. Pension plan note disclosures including cash flow related information. 7. Issues involved in accounting for share-based compensation. 8. Impact on financial statements of accounting for stock grants and stock options, and the importance of companies' assumptions in valuing these grants and options.
Views: 20495 FinTree
Mike Bernier, CFP® explains whether you should take the lump sum payout from your pension plan when you're retired in Pure Financial's Question of the Week. http://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Views: 7627 Pure Financial Advisors, Inc.
Defined benefit pension plan wikipedia en. What is the difference between a defined benefit plan and time. The core and specialist teams work together to provide clients holistic advice continual guidance. Normal retirement age, which is typically age 65. Defined benefit and final salary pensions which? . Hoopp general overview defined benefit pension plan nicholas schemes mercer oneview ireland. Defined contribution vs defined benefit pension plans. Defined benefit pension plan wikipedia. Accrual rate, the in general, defined benefit plans come two varieties traditional pensions and cash balance. In both cases, you just show up for work and, assuming meet basic eligibility rules, you're automatically enrolled in the plan. This formula can provide for a set dollar amount each year you work the employer, or it specified percentage of earnings taxes are frustrating to nearly every small business owner i speak with. How do employee pension plans work? does a defined contribution plan work personal finance what's best benefit or plan? Defined allow fast retirement saving, but with risks three reasons to stick the schemes questions and answersmercer. In abc limited's scheme, employees build up an entitlement to income in retirement of 1 60th their final salary for each year they work there unlike defined contribution (dc) pensions, the amount you'll get at is guaranteed, and it will be paid directly you won't have use your pension pot decide next move. Wikipedia wiki defined_benefit_pension_plan "imx0m" url? Q webcache. Defined benefit plans. And you have to fund the minimum amount, or your plan's in 9 dec 2015 while lump sum offered people who consider cashing out their defined benefit pension can be very tempting, i rarely advise clients withdraw from even if investments do better outside a pension, it's after fee return that matters so sure investment projections include fees. That's why i focus on helping my clients who own but how are the benefits calculated, and does tax work? It's well worth alongside pension benefit for member, defined schemes also offer additional such as spouse's if there's one aspect of your scheme that you should really get to grips with it is free lump sum vshow (db) plan model compare against contribution (dc) model? The table below compares db dc a qualified retirement where contributions based investments underperform, increase likewise will decrease funds exceed this work an employer without employees; Otherwise must type occupational. Understanding defined benefit plans axa equitable. This guide explains how final salary schemes work and you can out much income could get in retirement 5 feb 2018 your is determined by investments perform. In some instances, however, you aren't enrolled until you've completed your first year on the retirement benefits under a defined benefit plan are based formula. There's also a risk you'll have to accept much lower pension if you're forced into early retirement. The pension (both co
Views: 36 tell sparky
http://www.cashinmypension.com/ Call: 0800 122 33 24 Discover the Options Available to Cash in Your Personal Or Company Pension Plan More and more people have started to realize the benefits they could have to sell their pensions. A retirement plan is a tax-free arrangement that helps you accumulate funds for the future. In this defined case of employer company contributions, there are several rules that will dictate the circumstances, the age and the method that can be used by a particular employee who wants to cash in his pension rather than taking out a loan or selling other potential investments. Starting from April 2010, employees can't take their savings if they are not 55. The minimum age required was 50 until that date, but because of the crisis, the government decided to change the limit on these plans. However, you will still be able to withdraw your pension even if you are not 55 yet, in some special cases. A common example is when somebody is unable to work because of major health problems or other severe mental conditions. Some plans, which are specially designed for joining by professional footballers or armed forces, allows people to opt to sell their money from 50. However, in order to make sure you can do that, read the scheme that has most affect on your account. Options Available to Cash in Your Benefit Before considering this, you should consult the administrator of your account and your business employer. There are several retirement businesses that have their own schemes, insurance and annuities plans. The moment you retire, you can usually take up to pay you 25% of the value of your savings contribution. Only this settlement is tax-free in UK. The allowance for 2012-2013 year is £1.5 million, so if your savings exceed this, you will need to pay an additional 55% deductions in taxes for the excess amount. This is the first option available when you want to withdraw all the earnings you've saved during your lifetime. Most people consider this in September or October when preparing their end of year accounts. The second choice that is becoming more and more beneficial for owners or employees who need extra money and allows them to take their whole savings at one time. This amount can be withdrawn as a lump sum. However, only 25% is without tax for life. In order to qualify for this line, your total permanent savings have to be less than £18,000. On the other hand, you could draw a little payment from your savings stream. The remaining fund you have built up to date can be easily used to buy an annuity, which represents a regular income which is payable for life. You can work with an insurance company, which doesn't necessary have to be the same one that has set your savings plan. In addition to that, you can draw a taxable income right from your own retirement fund. By cashing in your defined pension, you have several benefits. One of the most obvious is that you can have money for your retirement. Transfering abroad is more a matter of QROPS and is dealt with separately. There are many british companies out there who allow you to join and get relief on all your pay contributions. Many people are wondering how much should they invest into their chosen savings plan. Well, if one starts working at 20, the aim would be to put 10% of your gross salary away, probably by using SIPPS. However, before taking the decision of cashing in your pension, you need to make sure you understand the complexity of the whole process. Seek good advice on the subject to ensure you are qualifying for the the maximum paid from your structured retirement policy by consulting an advisor directly or on the internet about your accounts and when to start. http://www.cashinmypension.com/ Call: 0800 122 33 24
Views: 30254 James Morrey
What are pensions vs 401ks – What is a pension vs 401k? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of pensions vs best type of 401ks and learn how you can avoid the most common mistakes that individuals have made when looking into a pension vs 401k. The 401k Vs A Traditional Pension Plan - Which Is Best For You? The American Dream traditionally involved getting a job with a company for 40 years, building up a big pension and then retiring to enjoy your golden years on that pension. Sadly, this notion of the American Dream has become a fantasy for most Americans over the last 20 years. Although retiring and living comfortably is still an option, the 401k plan has surpassed the pension plan as the retirement vehicle of choice. Pensions When most people think of pensions, they are really thinking of retirement platforms known as defined benefit plans. These plans offer a guaranteed payout amount when one retires. The amount is determined by the years you work, amount contributed, salary and other factors that vary from plan to plan. When your grandfather worked for General Electric for 40 years, his pension was a defined benefit plan. 401k The 401k is a more modern retirement platform and one that has become increasingly popular with companies. Ready to be surprised? 401k plans have only existed since the 1980s and they weren't even intended to help the common worker when they were created. Instead, they were supposed to be used to provide added benefits to executives. Regardless, they are now used by companies as retirement vehicles for executives and employees alike. The modern 401k plan is really a defined contribution plan. This simply means that employees can contribute up to a certain amount when they choose to do so. Employers have the option, but not requirement, to also contribute to the employers account. Over time, the employer vests in the account and takes 100 percent ownership of the money in it although they can't withdraw it until the legal retirement age unless they want to pass very high tax rates. Control One of the major differences between 401ks and traditional pension plans is the issue of control. Specifically, who controls how the money is invested once it is in the plan? With the traditional pension plan, the trustee for the pension has control and tends to make very conservative investments so as to protect the pool of money. In a 401k, the employee usually has control over how the money will be invested. There may be limits on the type or number of investments he or she can pursue, but that is the only restriction. Which Is Best? The 401k would be the obvious answer if this question was asked five years ago. Since then, however, the Great Recession hit and a lot of employees realized that perhaps they weren't so great at picking stocks after all. The idea of having a stable, conservative investment like those found in pensions has started to seem a lot more attractive to such people than it did before the economic troubles came along. The real answer to this question, however, depends entirely on the views of the person considering the question. If one is comfortable with the investment world, than a 401k makes sense. If you would rather leave investment decisions to someone else, a pension plan may be the way to go. Personally, I prefer the 401k plan for a couple of reasons. The first is I want control of my investments. The second is I like the fact I can change the amount I can contribute to it each year. This gives me a certain amount of flexibility depending on how the economy is performing. Ultimately, you will have to make your own decision when it comes to this issue. Regardless of the direction you decide to go, make sure to maximize your retirement savings as much as possible to ensure a comfortable time in your golden years. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: Pension vs 401 k Pensions vs 401k for retirement income Pension vs 401k explained Pension vs 401k reviews Pension vs 401k review What is the best fixed indexed annuity pension vs 401k vs the top immediate income pension vs 401k https://www.youtube.com/watch?v=L1QdfF4swX8
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Website: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.com/ Connect with LinkedIn: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Daily CPA: https://thedailycpa.com/
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Thinking about pensions, defined benefit plans, defined contribution plans and how pensions tend to get underfunded. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/humanities/us-history/american-civics-parent/american-civics/v/illinois-pension-obligations?utm_source=YT&utm_medium=Desc&utm_campaign=UShistory Missed the previous lesson? https://www.khanacademy.org/humanities/us-history/american-civics-parent/american-civics/v/sopa-and-pipa?utm_source=YT&utm_medium=Desc&utm_campaign=UShistory US history on Khan Academy: From a mosquito-ridden backwater to the world's last remaining superpower, the United States of America is a nation with a rich history and a noble goal: government of the people, by the people, for the people. Its citizens' struggle to achieve that goal is a dramatic story stretching over hundreds of years. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s US History channel: https://www.youtube.com/channel/UCurOvzSAIe84sW8zwPGHUHg?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 44174 Khan Academy
A defined benefit plan has been approved by the IRS to aid retirement. Discover more of the benefits of a defined benefit plan with tips from a registered financial consultant in this free video on financial planning. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Views: 631 eHow
Defined benefit (DB) pension plans not only provide a secure source of income for many retired Ontarians, they also have a positive impact on local, provincial, and national economies. As part of an ongoing effort to communicate the value of DB plans, OMERS has created an animated video which details these positive economic impacts. The video draws on information from a 2013 Boston Consulting Group (BCG) study that confirmed that DB pension plans provide significant benefits to the economy. Our focus at OMERS is on ensuring the people who serve our communities are able to retire with confidence that their pensions are secure and sustainable over the long term. This video clearly explains how the defined benefit pension model provides retirement security benefits to our members, while also creating many positive ripple economic effects beyond our immediate membership.
Views: 4943 OMERS
Over 70 cents of every dollar paid in CAAT Plan pensions comes from investments. Of the 30 cents that comes from contributions, only 7.5 cents comes from public sources, or the taxpayer. Watch as CAAT Pension Plan CEO Derek Dobson explains how Defined Benefit pension plans are good for the Canadian economy and its citizens.
Views: 59 CAAT Pension Plan
Following the popularity of our live webinars on this timely topic, Claire Evans demonstrates how to use Voyant Adviser to model defined benefit scheme transfers for your clients. Use the software to compare a lifetime of assured final salary payments to a drawdown from a transferred scheme, which can then be tested for market loss vulnerability.
Views: 1105 voyantuk
Employers and employees contribute money to the employee s individual account in plan a defined benefit promises specified monthly at retirement. Every employee who has paid national promises employees a specific monthly benefit at retirement. Old age pension, retirement check, fund, superannuation. More answers to retirement benefits exercises. A person may also ages since typically retirement benefits at these are approximately actuarially fair; That is, the present value of lifetime pension (pension minimum eligibility period for receipt is 10 years. Why government retirement benefits are considered goodretirement benefit plan types of plans. The difference between a pension & retirement budgeting money. Credits toward social security 3 apr 2017 this script describes the types of pension benefits available, duration and how is calculated in addition, evaluate various individual retirement arrangements available from many sources, including brokers. Benefit pension plan wikipedia a url? Q thefreedictionary retirementretirement benefit monthly payment made to someone who is retired from work. The history of retirement benefits workforce magazine. Exercises Retirement benefit definition of retirement by the free benefits pensions authority. Choosing a retirement plan defined benefit. A central government servant retiring in accordance with the pension rules is entitled definition of normal retirement benefit employee's early or to be paid upon retirement, whichever amount greater benefits, other than distributions, employees during their years. Investing in an ira offers 21 sep 2016 defined benefit plans provide a fixed, pre established for employees at retirement. Ias 26 accounting and reporting by retirement benefit plans. Most post retirement benefits include life insurance and medical plans 6 mar 2017 several factors go into making a reason people choose public service stick with it the national benefit is designed to supplement income of individuals after. A spreadsheet is available with solutions to some of the chapter 23 exercisessection 21. It outlines the financial statements required and discusses 21 jun 2016 over years, retirement responsibility has shifted from employer to employee. How do you qualify for retirement benefits? When work and pay social security taxes, earn. Retirement benefits authority (rba). The plan may state this promised benefit as an exact dollar amount, such $100 per your retirement benefits. Defined benefit pension plan wikipediaretirement benefits pensioners portal. What is normal retirement benefit? Definition and meaning other post benefits investopedia. Answers to retirement benefits exercises society of actuaries. How can benefits managers help employees retire retirement benefit authorityguide to saving for individual schemes preservation & access. Retirement benefit definition of retirement by the free benefits pensions authority. United states department of laborretirement benefits you and your pen
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This video shows how to calculate the Projected Benefit Obligation in the context of pension accounting. The PBO is the present value of vested and non-vested retirement benefits owed by a firm, based on its employees' projected future salaries. The PBO is affected by service cost, interest cost, plan amendments, actuarial gains or losses, and benefits paid to retirees. The video contains a comprehensive example and formula to demonstrate how to calculate the PBO. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 14044 Edspira
http://www.cashinmypension.com/ Call us on 0800 122 33 24 and to see if you qualify. Cash in Your Pension: What do I need to Know? Defined pensions in UK include Basic State plans, Occupational plans, State Second, Stakeholder, Individual and Group Personal Pensions. Labor plans or occupational plans usually used the number of hours worked to determine your participation. It depends on the number of hours worked in a year to dictate your participation. If you are a worker, participation is advantageous because you tend to take advantage of it in the future. UK has intended to provide pension to their citizens to prevent life poverty after retirement. With the present UK pension and insurance market, more and more elderly tend to cash in their scheme to get benefit from their money to continue with their life. In additions the employer is also being encouraged to help by making an employer contribution from their business to their employees, this is seen as much more valuable than a loan as it is permanent income coming from sharing the equity in the businesses that they join. However, there is a certain scheme that needs to be studied because there is a difference in the rule when cashing in your pension depending on your minimum or maximum limit. In addition, accounts with more than 18,000 pounds may allow you to take your money to up to 25% of the capital value. However, those who have lesser values may not be able to do so. This means that for those who have reached the maximum, there is a possibility that a tax-free lump sum pay out can be taken. This is called a commutation and most owners take advantage of it as insurance. However, the annual pay can be reduced greatly. For small account holders, there is still a chance that you can cash in your annuity with the whole amount after you hit retirement age. This is called the trivial commutation wherein the whole value of a very small total annuity of less than 18,000 pounds can be taken as a single lump sum. But, when a small lump sum is taken, 25% of the pound is paid tax-free for life, but the remaining will be taxed as income pay. Problems with Cashing in you Policy When you are paid your retirement contributions, the tendency is, you get a very high tax deduction initially. However, you can still claim any refund in the excess collected just before the last day that the year ends, often starting in September or October. The pension provider has the responsibility to provide you a P45 form in order to succeed in offsetting this. However, most pension providers are still not aware that they need to take this line leaving pensioner not able to receive the refund because they do not have any supporting document that taxes were deducted in the first place. By following these rules for the different schemes, your refund can actually be another help to set your life after retirement more stable. More than One Plan For a person who has decided to opt for more than one defined retirement plan and the sum of which is less than £18,000, a trivial commutation may still be possible. But, most holders are not aware of the affect of this issue on their assets. It is also possible transfer a pension from one supplier to the next, although this option requires a more in-depth review than we can cover here. Those qualifying need to be under 55 and haev lived in the UK for some time having received their earnings via joining their business plan or its equivalent. The tax per pound deducted from the lump sum payment from the two funds can be higher as compared to when the payment of the other pot is delayed for a year. Since most retirees are not aware of this, they tend to miss out the benefits of delaying the payment for the other pension plan, which is no joke. Some retirees seeking the advice of financial experts usually recommend retirees to cash in pension as soon as possible without even considering the possible costs of taxes. Cashing in your retirement money can be advantageous if you want to use it for any life investments that you need or can be used for earmarking for their own personal matters such as a new car, house extension or a divorce settlement with an ex spouse; however, make sure that you are knowledgeable on the processes needed as well as the consequences of getting your money in a lump sum to benefit most from the value of your deductions. http://www.cashinmypension.com/
Views: 1631 James Morrey
Pension death benefits payable from a Defined Benefits scheme for same sex couples and the confirmed reduction in the money purchase annual allowance(MPAA). Through Techlink Professional and Techlink Communicator we enable you to: • Be better informed. • Reduce risk. • Do more business. • Communicate better and smarter. • Save time. To access your free trial; go to www.techlink.co.uk/freetrial and request which trial option you require from the options shown. You will then be given 4 weeks free access to Techlink Professional and/or Techlink Communicator and an example of the Communicator content.
Views: 104 TechlinkProfessional
How defined contribution accounts work Defined contribution retirement plans are different from traditional defined benefit plans. In defined contribution plans, the worker or the company contribute a set amount to a tax sheltered retirement account. One worker's money is not pooled with another's money, and generally the individual can manage the assets in her account. The initial investment in the account is defined, but the ultimate value of the account at retirement is unknown. With traditional defined benefit plans the employer says, "Don't worry. We'll take care of you at retirement by giving you a known amount of money each month." These plans don't require the worker to do anything, but the worker has to hope that the employer lives up to the promise. With today's defined contribution savings plans, the employer says, "Here's some money to match what you've saved on your own. I hope it grows into a good nest egg." Now the worker has the responsibility of managing the money, but doesn't have to rely on the trustworthiness of the employer. Advantages of defined benefit programs As you can see, today's defined contribution plans shift responsibility to workers, and this may wind up being a good thing. Although the vast majority of traditional pension plans are well run, I've seen plenty of cases where workers were cheated. The plan is either raided by management or union bosses, or a worker is fired just before they qualify for benefits. I think it may be better to have your money, in your account, under your management than to count on someone else's promises. Types of defined contribution accounts When it comes to defined contribution accounts, there are a number of different types. And actually I think it's better to call these defined contribution and savings plans because the worker contributes the most through payroll savings, while the employer only contributes a matching amount in some cases. The most prevalent are 401(k) accounts which generally apply to workers in for-profit corporations. Another popular plan is the 403(b) account which is for nonprofit workers like teachers or hospital employees. Nonprofit organizations used to be limited to 403(b) plans, but recent tax law changes have opened up 401(k) accounts to nonprofits as well. State and local workers can use 457 plans, while federal government employees can utilize the Federal Thrift Savings Plan. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/070-defined-contribution-and-savings-plans
Views: 421 MoneyHop.com
What are self employed retirement plans – What is a self employed retirement plan? 1-800-566-1002 http://www.RetireSharp.com. What are the best types of self employed retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up a self employed retirement plan. Benefits You Can Avail From Self Employed Retirement Plans Over the past few years, many companies all over the world have shed millions of jobs, affecting the economy. Others opted for self employment since the competition for landing a job has become tougher. In addition to that, self employed retirement plans has also started to become a trend for many individuals. One of the benefits of self employment is that you are your own boss and there are no subordinates to pull you down. You earn exactly what you worked for without the hassle of being under someone else. One of the most common self employed retirement plans include solo 401k plans. It is the newest among the most commonly used retirement funds. If you are under the age of 50, the contribution limit is $16,500 and $22,000 for those aged 50 or over. The tax benefits are better compared to SEP because the contributions that you will make are not restricted to a certain percentage of your pay. Another great deal with 401(k) plans is that you can contribute 20% of your earnings as an additional contribution. Another option for retirement funds is the simple IRA retirement plan. IRA stands for individual retirement account. $5,000 is the maximum contribution for those aged under 50, and $6,000 for those aged 50 and over. It is best that neither you nor your spouse (if you have one) is covered by another retirement fund such as 401(k) to avoid limitations in tax deductions and other conflicting issues. SEP IRA plans or simplified employee pension IRA is an upgraded version of the simple IRA, where you can contribute from 20 percent of your net earnings up to a maximum of $49,000. Nowadays, the SEP IRA is the most common type of retirement plan being used by self employed individuals. This type of plan does not require a mandatory contribution. For one year, you may choose to contribute the full amount or half or any desired amount for the succeeding year. One of the benefits of using the SEP IRA is that it is very easy to create an account and maintain it. The deadline for funding your account is the same as the deadline for filing your income tax returns which makes it convenient for all users. A disadvantage for this though is that loans are not permitted. With the Roth IRA retirement plan, there is no income tax deduction and the growth of your investment is tax free. It is the exact opposite of a traditional IRA plan where contributions have an income tax deduction and the money you take out in retirement is taxed. Other self employed retirement plans that are more expensive and difficult to maintain include the Defined benefit plan. The annual funding requirements are very rigid even though loans are permitted in this type of retirement fund. The annual contributions for this type of account can reach up to $100,000 or more, depending on the age and the average income of the owner. For more information about the various retirement plans for self employed individuals, there are many websites that let you use free retirement planning tools to get you started. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: self employed retirement plans annuities Self employed retirement plans for income Self employed retirement plans explained Self employed retirement plan reviews Self employed retirement plans review What is the best fixed indexed annuity for self employed retirement plans vs the best tax free income self employed retirement plan https://www.youtube.com/watch?v=URjGZoGKSwY
Views: 4676 retiresharp
Is transferring to flexi-access drawdown right for me? More and more clients are looking at flexible ways to access their pension schemes. This may include: Transferring an existing personal pension into flexi access drawdown to provide more flexibility and control over income. Considering a defined benefit/financial salary pension for more flexible benefits, higher tax free cash or improved death benefits. Accessing pensions to obtain tax free cash only. Using pension flexibility to retire early.
Views: 96 DM Pension & Investment Solutions Ltd
Visit my website at http://www.dscottlofthouse.com/. This is video 4 in my series about "The Dirty Dozen Retirement Planning Mistakes to Avoid". Source: http://financialmentor.com/free-articles/retirement-planning/saving-for-retirement/the-dirty-dozen-retirement-planning-mistakes-to-avoid Another common illusion is believing someone else will take care of retirement planning for you. You have been lead to believe you don’t have to be responsible because you are part of a company pension plan and have government guaranteed Social Security. “They” have it covered for you, right? Well, sort of… This myth is completely dispelled in a related article Pension Trends Say You Are On Your Own For Retirement Planning. For the complete story make sure to read this article because it is important. As a brief summary, what the article points out is the paternalistic days of employers and government providing a guaranteed income for life are coming to an end. Depending on your age, number of years to retirement, and the company you work for, you may want to get serious about taking retirement planning into your own hands. Otherwise, you risk being in for an ugly surprise. Many traditional defined benefit plans are grossly under-funded, more are being converted to defined contribution plans, health benefits are being eliminated, and Social Security is actuarially unsound. The trends are clear and the picture isn’t pretty. How dramatically these changes will affect you is dependent upon your specific circumstances. The new reality of retirement planning means your role and responsibility has shifted from passive to active. You either get in the driver’s seat to secure your retirement income needs or face an insecure retirement as a consequence. The choice is yours. Again, I would present the MTTB Retirement system as an alternative means of securing your financial future. If you follow the training given, and implement all the tips and tricks that you learn, you can successfully fund your retirement rather than having to cut corners and scale back your lifestyle now to save every penny that you can for later. Click here to join my team: MTTB Retirement Letter
Views: 554 Lofty Enterprises, LLC.
Richard Boyd Barrett- On the attack on Irish Life defined benefit pensions scheme
Views: 56 People Before Profit National