The article discusses ways on how investors can set up their own pension portfolios that would generate a steady income. It suggests that investors should focus on constructing a portfolio to cover future expenses and to follow the retirement planning of a safe portfolio withdrawal rate of 4% ...
Finally, you should consider saving some money as you get older to add to your pension fund when you need to. If you end up getting to retirement age and your pension is not enough to help you live, your savings can come in handy. While it can be hard to save money, it can be v...
For generations, pension plans and Social Security benefits were synonymous with retirement. In recent decades, defined-contribution plans (401(k)s) have quickly supplanted defined-benefit plans (pensions) as the dominate retirement plan vehicle. Meanwhile, the Senior Citizens League estimates that Soci...
Determine how much your employee contributes to the pension plan. Then, base your contribution on the amount of money your employee contributes to the plan. This type of contribution is known as an "employer match," because you are matching your employees' contributions. You must keep the contr...
Why defer your pension? There are several reasons why you may want to defer yourworkplace pensionor personal pension. 1. You are still earning an income The state pension age is currently 66, but that doesn’t mean you have to stop working at that point. It is up to you when you cho...
Want to set up online payroll? Here is your guide to registering for payroll online with the Canada Revenue Agency (CRA).
That helps us answer the question: “Do pensions rise with inflation?” Historically, yes they did. But just now they don’t always keep up with it. That makes it even more important to keep an eye on your pension pot. Check it regularly to make sure it’s growing in line with your...
For DIY investors, asset allocation ETFs may be the greatest gift to come along in decades. It’s never been easier or cheaper to build a globally diversified…
If you want to establish a retirement plan for your business, you may want to consider establishing aSimplified Employee Pension(SEP). For starters, SEPs have a more flexible contribution deadline thanqualified plans—SEP contributions can be made up until the due date of the employer’s tax ...
As the name implies, this instrument provides the trustee with discretion over distributions from the trust. Discretion must be exercised in accordance with the terms of the trust deed; however, it is entirely up to the trustees to decide as to the timing, size, and nature of the distribution...