# a b c d e f g h i k l m n o p q r s t u v w
Выберите категорию:

90-Age Formula

What Does 90-Age Formula Mean?

An equation used by Canadian retirees to calculate how much money to withdraw each year from their Registered Retirement Income Funds (RRIFs), a type of tax-advantaged individual retirement plan. Retirees are required to withdraw a minimum amount from the plan each year and can calculate the amount to be withdrawn using one of two formulas: the 90-age formula or the 90-percentage schedule.

Investopedia explains 90-Age Formula

The 90-age formula assumes that the retiree will live to be 90 years old. It calculates the annual withdrawal amount by dividing the book value of the RRIF at the beginning of the calendar year by (1- (90 - planholder or spouse's age)). The morbidity calculation allows the RRIF to act as a lifetime annuity. The money withdrawn from the RRIF is taxable at the retiree's marginal tax rate.


Rating

OUR USERS RECOMMEND

38 99 10 InstaForex
13 30 0 ICS Travel Group
12 5 0
10 43 26 TUI
10 6 1 Prisyazhnuk's Group. Investment management
9 23 74 Alpari
9 16 10
9 10 0 Meridian Tur
8 8 18 Sberbank
7 10 0 EnergoKapital

Weak link

12 1 17 Fakel insurance company
12 3 11 PrivatBank (Ukraine)
10 9 52 HomeCreditBank Kaz
10 1 8 Russian Standard Bank (Ukraine)
9 2 11 Raiffeisenbank Russia
8 0 7 Rosgosstrakh
8 0 7 Tinkoff Credit Systems (TCS)
6 0 3 Guta insurance company
4 0 7 Renessans Kredit Bank
4 0 4 Porsche Leasing Ukraine

Voting

Do you accept the independence of Lugansk National Republic as a new state on the world map?




Яндекс.Метрика