ANNUITY FACTOR METHOD
A method of calculation which determines the amount of eligible withdrawals which an investor is allowed from their IRA without acquiring penalties. The calculation employs life-expectancy data; but it uses different data than those employed in the amortization method.
Utilizing the annuity factor method, a holder of a retirement-account would divide the present IRA account balance by the "annuity factor." The annuity is derived from a calculation involving "reasonable" interest rates, up to 120% of the Mid-Term Applicable Federal Rate, and the average mortality rates (employing the mortality table located in the Appendix B of IRS Revenue Ruling 2002-62).
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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“The early bird catches the worm.” – William Camden
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| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Dec | |
| 02:30 | PMI Manufacturing | Dec | |
| 02:30 | Tertiary Industry Index | Dec | |
| 02:30 | PMI Composite | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference |
