Though it will be a while til I retire (like probably over 30 years from now) I am seeking clarification. I am a state employee and have a pension plan. For my state job, they do not take out Social Security taxes. I also run my own business and do pay Social Security taxes. Does that mean that when I retire from my state job (who knows when) I will be eligible for both my state's pension plan and Social Security? Will I penalized for having both?
How much money do you get from a Pension Plan in Ontario, Canada?
K well i will be getting a pension plan cuz of losing one of my parents. Is there a way to find out how much money i get from this pension plan? I live in Ontario, Canada, and i'm turning 18 in a few months and curious how much i get, not be greety, it's going into my savings for College, and w.e else i need. thanks :)
How can i get a loan from my pension plan do yo the economy?
how can i get money from my HDFC pension plan do to the economy
Are we too old to start a pension plan?
My wife & I are aged 50 & 53. Recently we were offered a stakeholder/ISA pension plan that starts with a lump sum investment of £2028, then continues with a monthly investment of £65. If we keep this up for 10 years we get a tax free lump sum of £4000 & an index linked taxable monthly income of £32, if 15 years £6770 lump plus £63 monthly. This is meant to be more tax efficient. Instead we could just put the money into a savings account at 5% & pay tax on the interest. According to my spreadsheet, we'd still be better off in 30 years by putting the money into the savings account & paying tax. Are we just too old to start a pension scheme, or are the stakeholder & ISA arrangements not as good as they seem?
You are not too old to start a pension plan but I would urge you to seek advice from an INDEPENDENT financial adviser on this.
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