AGE-BASED INVESTMENT OPTION Sample Clauses

AGE-BASED INVESTMENT OPTION. Age-Based Investment Option The Age-Based Investment Option adjusts over time so as the Beneficiary nears college the allocation becomes more conservative. The Age-Based Investment Option generally invests in a mix of equity, real estate, fixed income and cash equivalent investments allocated based on the current age of the Beneficiary. Each Aged-Based Investment Option age band adjusts over time (each age band is called a "Portfolio") so that as the Beneficiary nears college enrollment age the Portfolio’s allocation between equity, real estate, fixed income, and cash equivalent investments becomes more conservative relative to the allocation in earlier years. As a result of market gains and losses and earnings, the Portfolio may differ over time from the target asset allocation described below. To maintain the target asset allocation for the Portfolio the Program Manager will rebalance the Portfolio at any time there is a positive or negative variance of two percent (2%) or more to retain the target asset allocation described below. You should review the Age-Based Investment Option with your State Farm Registered Representative before making a selection from among the Investment Options offered through the Plan. The Age-Based Investment Option is allocated primarily in equity or stock investment funds during the early years of the Beneficiary’s life. As the Beneficiary nears college age, the equity or stock allocation decreases, and the fixed income and the money market allocations increase. When the Beneficiary attains age 3, 6, 9, 11, 13, 15, 17 and 19, the Portfolios within the Age-Based Investment Option automatically realign with a decrease in the stock or equity portion and an increase in the fixed income and the money market allocations. The Age-Based Investment Option seeks to provide capital appreciation. The strategy is based on the understanding that the volatility associated with equity markets can be accompanied by the highest potential for long-term capital appreciation. Newborn to 2 years old Portfolio Objectives – For Beneficiaries newborn to two years old, this Portfolio seeks to provide long-term growth by investing 94.75% of its assets in diversified investments of domestic and international equity funds and 5.25% real estate funds.
Sample 1
AutoNDA by SimpleDocs
AGE-BASED INVESTMENT OPTION. The age-based portfolio allocates funds between stocks and bonds based on student age. Over time, the investment transitions from majority-stock to majority-bond. Stocks generally exhibit higher returns but may present more risk/volatility – a balance appropriate for a long investment horizon. As the student approaches college-age, funds are increasingly invested in bonds, which generally exhibit less risk/volatility. Global Equity –DFA Domestic Equity – Vanguard International Equity – Vanguard High Yield – Vanguard Emerging Market Debt - Vanguard Bank Loans – Xxxxx Xxxxx Core Fixed Income - Wellington TIPS - Vanguard Money Market – Florida Prime For more information about the underlying investments in the age-based portfolio, please see Appendix B.
Sample 1

Related to AGE-BASED INVESTMENT OPTION

  • Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. FEES There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.

  • Investment Objective The Trust was created to invest and hold substantially all of its assets in Gold Coins. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical gold without the inconvenience that is typical of a direct investment in physical gold. The Trust does not anticipate making regular cash distributions to Unitholders.

  • Investment Objectives The objectives for the School District's investment activities are:

  • Nonqualified Distributions If you do not meet the requirements for a qualified distribution, any earnings you withdraw from your Xxxx XXX will be included in your gross income and, if you are under age 59½, may be subject to an early distribution penalty tax. However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis. Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, military death gratuity or SGLI payments and your conversions and employer-sponsored retirement plan rollovers.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

  • Qualified Distributions Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your Xxxx XXX for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

  • Sponsored, Closely Held Investment Vehicle An Estonian Financial Institution satisfying the following requirements:

  • How Are Distributions From a Traditional IRA Taxed for Federal Income Tax Purposes Amounts distributed to you are generally includable in your gross income in the taxable year you receive them and are taxable as ordinary income. To the extent, however, that any part of a distribution constitutes a return of your nondeductible contributions, it will not be included in your income. The amount of any distribution excludable from income is the portion that bears the same ratio as your aggregate non-deductible contributions bear to the balance of your Traditional IRA at the end of the year (calculated after adding back distributions during the year). For this purpose, all of your Traditional IRAs are treated as a single Traditional IRA. Furthermore, all distributions from a Traditional IRA during a taxable year are to be treated as one distribution. The aggregate amount of distributions excludable from income for all years cannot exceed the aggregate non-deductible contributions for all calendar years. You must elect the withholding treatment of your distribution, as described in paragraph 22 below. No distribution to you or anyone else from a Traditional IRA can qualify for capital gains treatment under the federal income tax laws. Similarly, you are not entitled to the special five- or ten-year averaging rule for lump-sum distributions that may be available to persons receiving distributions from certain other types of retirement plans. Historically, so-called “excess distributions” to you as well as “excess accumulations” remaining in your account as of your date of death were subject to additional taxes. These additional taxes no longer apply. Any distribution that is properly rolled over will not be includable in your gross income.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!