Replace Advanced Field into the Retirement Plan and eSign it in minutes

Aug 6th, 2022
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How to Replace Advanced Field into the Retirement Plan

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hi im camille gaines here on this channel retire certain and on my website retirecertain.com i share our adventure from beginning in our around age 50 going from a scary and uncertain financial future to complete financial independence using both traditional investments like stocks and bonds as well as alternative in income strategies and retirement methods that are pretty much ignored in traditional retirement planning what i learned along the way was well a whole bunch but ive sort of summarized it in this very video series that is really presenting why an alternative retirement plan is so important now and why its important to move toward that to realize it to see how you can move toward it the opportunities that are presenting themselves and the first thing i want to share with you is that the reason the old plan is really questionable is things have changed number one were living longer than we used to live when that old retirement method was invented the second reason is beca

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If youre looking to build a strong pension pot, an AVC pension can be a great option. Even if your employer doesnt offer a matched AVC pension, you can contribute as much or as little as you like every month. Quite simply, all the usual advantages of a pension apply to an AVC pension.
You can take up to 25% of the total value of your Scheme benefits, including your AVC account, as a tax-free cash lump sum (providing this is less than 25% of the Lifetime Allowance).
You can transfer your AVC fund to another pension scheme or arrangement, including to a scheme that offers flexible benefits, independently of your main Scheme benefits; and provided you have stopped paying AVCs, you can transfer your AVC fund even if you continue to contribute to the Scheme.
You can transfer your AVC fund to another pension scheme or arrangement, including to a scheme that offers flexible benefits, independently of your main Scheme benefits; and provided you have stopped paying AVCs, you can transfer your AVC fund even if you continue to contribute to the Scheme.
You can leave the money in your AVC pot and take out cash lump sums whenever you need to until its all gone or you decide to do something else. You decide when and how much to take out. Every time you take money from your AVC pot, the first 25% is usually tax-free and the rest may be subject to income tax.
Overspending, investing too conservatively and veering away from your plan these are some of the most common traps you can fall into on the way to retirement.
If you take your AVC plan at the same time as your main Scheme benefits, you can take up to 100% of it as tax-free cash. You can do this as long as your total lump sums from the LGPS are not more than: 25% of the total value of your LGPS benefits, including the AVC plan.
Defined Contribution AVC scheme With a Defined Contribution (DC) AVC scheme, you make contributions which are then invested to give you a pot of money for retirement. You can begin taking money from this pot, potentially, from the age of 55, at the same time or after you begin taking income from the main scheme.

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