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  2. Retirement - Wikipedia

    en.wikipedia.org/wiki/Retirement

    Retirement calculators vary in the extent to which they take taxes, social security, pensions, and other sources of retirement income and expenditures into account. The assumptions keyed into a retirement calculator are critical. One of the most important assumptions is the assumed rate of real (after inflation) investment return.

  3. Retirement planning - Wikipedia

    en.wikipedia.org/wiki/Retirement_planning

    Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence. The process of retirement planning aims to: Assess readiness-to-retire given a desired retirement age and lifestyle, i.e., whether one has enough money to retire

  4. Social Security (United States) - Wikipedia

    en.wikipedia.org/.../Social_Security_(United_States)

    Many state and local government workers, however, are exempt from Social Security taxes because they contribute instead to alternative retirement systems set up by their employers. [179] Claim that it is a Ponzi scheme [ edit ]

  5. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    Korea: sangsoksae (inheritance tax) paid as a national tax (between 10 and 50% taxes on inheritance when deceased, and gift taxes are also taxable on property and/or stock received by heir or child). After Samsung Group titan Lee Kun Hee chairman's death in year 2020, his heirs are facing a $10 billion inheritance tax bill.

  6. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    In the U.S., Canada, and others, the federal and most state or provincial governments, as well as some local governments, require such withholding for income taxes on payments by employers to employees. Income tax for the individual for the year is generally determined upon filing a tax return after the end of the year.

  7. Second mortgage - Wikipedia

    en.wikipedia.org/wiki/Second_mortgage

    Second mortgages, commonly referred to as junior liens, are loans secured by a property in addition to the primary mortgage. Depending on the time at which the second mortgage is originated, the loan can be structured as either a standalone second mortgage or piggyback second mortgage.

  8. PITI - Wikipedia

    en.wikipedia.org/wiki/PITI

    PITI must come directly from one of the borrower's seasoned asset accounts that can be verified. Acceptable verifiable accounts include VODs (Verification of Deposit), checking accounts, savings accounts, 401k and other retirement plans, and stocks. Each bank or lender's asset and reserve requirements will vary.

  9. Income tax in the United States - Wikipedia

    en.wikipedia.org/.../Income_tax_in_the_United_States

    Income taxes in the United States are imposed by the federal government, and most states.The income taxes are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions.