Discusses ways on how to compute benefits in private pension plans in the U.S. Credited-service variations; Provision of a minimum level of benefits; Inclusion of benefits paid under the Social Securi...
Now that you got your expenses and your withdrawal rate, it is time to do some math. Your target is computed by Yearly Expenses * (100 / Withdrawal Rate). For instance, a withdrawal rate of 4% with expenses of 100’000 CHF will give you 2.5 million CHF as a goal. If you do not ...
That notion is wrong. When you borrowed money from SSS, you are actually borrowing from the SSS funds and not specifically borrowing the amount that you contributed. When you did not pay for your SSS Loan, the full sum (including the accumulated penalties and interest) will be deducted to y...
Advance tax, as the name implies, is the tax that one pays in advance. Advance tax is the income tax that is payable if your tax liability exceeds Rs 10,000 and should be paid in the same year in which income is received. It is also called as “Pay as you Earn” scheme since you...
Xis the matrix of control variables;B0andB1are scalar parameters to be estimated;BXis a vector of parameters to be estimated. The error term,e, is assumed to follow the standard normal distribution. We computed average marginal effects to indicate the associations of the financial management ...