Page 24 - Pakistan Link - June 25, 2021

P24 – PAKISTAN LINK – JUNE 25, 2021 COMMENTARY
Income Strategies for Retirement - 2

n By Saghir Ahmed Aslam amount of funds that may be with-
Rawalpindi, Pakistan drawn without a charge, and with-
drawals reduce annuity contract FOUNDATION
(The following information benefits and values. Additionally,
is provided solely to educate the withdrawals of earnings are sub- P.O. BOX 5481, Santa Clara, CA 95056 | (408) 244.3282 | www.hidaya.org
Muslim community about invest- ject to ordinary income tax, and a
ing and financial federal 10 % penalty may apply to One Million Meals
planning. It is hoped withdrawals taken prior to age 59½.
that the Ummah will Annuities have two basic forms:
benefit from this ef- fixed and variable. Fixed annuities
fort through greater appeal to conservative investors be-
financial empower- cause they deliver a fixed payment 50 C $1 $5 $10
ment, enabling the ferred earning, are ok with the idea at a regular interval. On the other provides provides provides provides
community to live in security and of making after tax contributions hand, variable annuities generally
dignity and fulfill their religious now in exchange for tax free distri- offer a range of investment options, 1 meal 2 meals 10 meals 20 meals
and moral obligations towards butions in retirements and who ex- and the value of your investment
charitable activities) pect to be in the same or higher tax will vary depending on the perfor-
When you know your goals and bracket when they retire. Holders of mance of the investment options
estimated expenses and income, Roth IRA’s often use them because you choose, which may directly im-
you can create a written retirement they also may need access to their pact the payments you are able to
plan that covers investments held savings. The Roth IRA’s requires receive. Ultimately, proper planning
in retirements and non-retirements minimum distribution during the may help you get the retirement you
accounts. As you do so, it’s a good investor’s life time. With both IRA’s, desire, if you know what your op-
idea to look at several sources of in- investors make periodic contribu- tions are – and pursue both with
come that you can use to save and tions and direct how the money will resolve and clarity.
invest by considering using an Indi- be invested. Besides IRA’s, annui- (Saghir A. Aslam only explains Donate online via check or card at
vidual Retirement Account. ties2 also may have a place in your strategies and formulas that he has
Two types particularly de- portfolio. An annuity is a contract been using. He is merely providing www.hidaya.org
serve attention - traditional IRA’s. between you and an insurance com- information, and NO ADVICE is
Traditional IRA’s tend to work best pany in which the insurer agrees to given. Mr Aslam does not endorse
for people who believe they’ll be make periodic payments to you, or recommend any broker, broker- or call us at (408) 244-3282
in a lower tax bracket during re- beginning either immediately or age firm, or any investment at all, Hidaya Foundation is a non-profit 501 (c)(3) charitable organization with Tax ID # 77-0502583
tirement and meet the criteria for at some future date. Annuities are nor does he suggest that anyone
making tax-deductible contribu- designed to be long-term invest- will earn a profit when or if they
tions. Earning and contributions as ments used for retirements. They purchase stocks, bonds or any other
ordinary income when withdrawn, have contract limitations, fees and investments. All stocks or invest-
and withdrawals prior to age 59½ charge that include, but are not lim- ment vehicles mentioned are for il- Exchange Rates for Currency Notes*
may trigger a federal 10% penalty. ited to, mortality and expense risk lustrative purposes only. Mr Aslam
Payments from the accounts must charges, sales and surrender charg- is not an attorney, accountant, real Countries Buying Selling
begin when the investor reaches age es, administrative fees, and charges estate broker, stockbroker, invest- Rs. Rs.
70½. for optional benefits. These are imi- ment advisor, or certified financial
The Roth IRA’s generally ap- tational benefits. planner. Mr Aslam does not have
peal to people who want tax-de- These are limitations on the anything for sale.) USA 158.70 159.60
UK 219.00 222.00
CHARTER FROM P10 packed congregation of the fighting History Emeritus at Grove City College S.Arabia 42.30 42.80
that involved freer trade, greater self- men of the same language, of the same and is a fellow for faith and politics with Japan 1.41 1.44
determination, disarmament, and col- faith, of the same fundamental laws, of the Institute for Faith and Freedom. He Euro 187.50 189.50
lective security. The charter later helped the same ideals ... it swept across me is the author of “Duty and Destiny: The UAE 43.10 43.60
inspire colonialized nations in Africa that here was the only hope, but also Life and Faith of Winston Churchill”
and Asia to fight for independence. the sure hope, of saving the world from (January 2021), “A History of Christi- (*June 24, 2021)
Undoubtedly speaking for many merciless degradation.” anity in Pittsburgh” (2019), “Suffer the
American Christians, the editors of Roosevelt called the service the Children” (2017), “Religion in the Oval
Christian Century rejoiced that the “keynote” of his meeting with Churchill. Office” (Oxford University Press, 2015), age tolerance also help avoid public ping down at Boult and getting a mas-
Atlantic Charter “is not marred by any “If nothing else had happened while we “Faith and the Presidency From George criticism and costly lawsuits. For ex- sive edge. This looked like it was going
spirit of vindictiveness or any desire for were here,” he told his son Elliott, the Washington to George W. Bush” (Ox- ample, in 2019, a Christian dishwasher to fall safe until Henry Nicholls ran
revenge.” Its main points, the editors service “would have cemented us. ‘On- ford University Press, 2009), “Religion at Conrad Miami Hotel won a $21.5 back from point and took it over his
emphasized, accorded with positions ward Christian Soldiers.’ We are and in the Oval Office” and “Heaven in the million lawsuit because the company shoulder, making the toughest genre
taken by Pope Pius XII, many religious will go on, with God’s help.” American Imagination” (Oxford Uni- didn’t accommodate her religious of catches look ridiculously simple.
bodies, and numerous church leaders. Almost 80 years later in less per- versity Press, 2011). schedule. And in 2015, Abercrombie Flood gates opened after that, but a
They complained, however, that the ilous but still troubled times, President & Fitch lost a lawsuit that went to the chancy 13 from Mohammed Shami
conference had led Roosevelt to take Joe Biden and British Prime Minister CENSUS FROM P4 Supreme Court because it refused to made it an asking rate of 2.62 in the
“another long psychological step to- Boris Johnson on June 10 signed a new native-born and the rest foreign- hire a prospective employee who wore last innings.
ward entrance into a shooting war.” Atlantic Charter reaffirming the com- born. a headscarf due to her religion. India made a testing start with the
During World War II, Churchill mitment of their nations to work to- There are 18.6 million Asian There’s reason to believe that new ball before Ashwin breathed life
and Roosevelt developed a close rela- gether to produce “a more peaceful and Americans living in the US, mak- more companies will devote attention into their spirits with some wizardry to
tionship. Between 1939 and 1945, they prosperous future.” Echoing the themes ing up 6% of the US population, ac- to faith going forward. For example, get rid of the openers, both left-hand
spent 113 days together and exchanged of the 1941 charter, Biden and John- cording to the latest available census I recently spoke with Starbucks staff batters. Tom Latham was stumped off
about 2,000 letters. Their friendship son resolved to “defend the principles, data. The data shows that, on average, about religious diversity. After the talk, a sharp offbreak, Devon Conway lbw
was based primarily on their common values, and institutions of democracy Asian Americans are younger, more a manager said the discussion prompt- to the straighter one. During that spell
goals, mutual admiration, and personal ... uphold the rule of law, and support likely to be born abroad, and live in ed her to think about her Muslim of play, six overs produced four runs,
trust. Often overlooked is that they also civil society and independent media.” households with higher income than friends fasting during Ramadan, and taking the asking rate to an even three
shared the same Anglican/Episcopal The two nations promised to defend the average American. how Starbucks could adjust their hours an over for the last 31 overs.
faith, although Roosevelt was consider- “the principles of sovereignty, national Here’s a video clip of CNN ana- to open for them in the early morning. It was not all about asking rate.
ably more devout and more frequently integrity and peaceful resolution of dis- lyst Van Jones talking about Paki- This is promising, but there’s a If you went chasing too hard and took
articulated biblical rationales for his putes.” They pledged to maintain “our stani-Americans: long way to go. The United States is a your eye off, there was every chance
policies and actions. collective security and international se- https://www.youtube.com/ religiously diverse country. It’s also a there could be a collapse that could
Their faith prompted them to be- curity against the full spectrum of mod- watch?v=gr5cLv8Dj2I country rife with religious intolerance. have brought India right back in. New
gin their conference on the Prince of ern threats.” Corporate America can be a part Zealand wanted to score the runs
Wales by invoking God’s aid. Both men Reflecting the changed geopoliti- STARBUCKS FROM P8 of the solution – or it can sit on the faster but without risking getting into
helped arrange a worship service on cal circumstances, the charter calls for Internally, companies also are leading sidelines and allow the problem to fes- a position where they would have to
August 9, 1941, and both commented “building an inclusive, fair, climate- the charge to accommodate religious ter. The choice should be a simple one. fight for a draw.
effusively about how wonderful it was. friendly, sustainable, rules-based global diversity. Tyson Foods has about 100 – USA Today Under this pressure, Taylor and
The service included a congregational economy.” It also promises to combat chaplains available to provide pastoral Williamson found the right balls. The
confession of sin, the reading of Joshua new threats to global stability arising care to team members and their fami- NEWZEALAND FROM P20 flagging Shami, bowling his eighth
1:5-9, three hymns, and prayers read by from cyber terrorism and health crises. lies, regardless of specific religious the 10th over of that spell - brought over out of 23 in the innings, provided
British and American chaplains. And, as did Roosevelt and Churchill beliefs. Intel offers several employee the Jadeja edge to a length ball for a the first leeway with balls short and
In a radio broadcast to the Brit- before them, Biden and Johnson fur- resource groups dedicated to differ- catch that took BJ Watling to No. 7 wide. Taylor then took Ashwin on and
ish people on August 24, Churchill ther cemented the long-standing bond ent faiths – including Christians, Jews, on the all-time catches list, in his last cleared wide mid-on. Now they had
declared, “We sang ‘Onward, Chris- between the United States and Britain Muslims and, notably, agnostics and Test. He took this one with a dislocat- the flow in the innings, and all their
tian Soldiers,’ and indeed I felt that ... and the commitment of both nations to atheists. ed ring finger, refusing to go off. experience and expertise came to the
we were serving a cause for the sake of promoting democracy throughout the Pant, who had been audacious in fore as they first steadied the ship and
which a trumpet has sounded from on world. Conrad lost discrimination case becoming the top scorer in this innings, then saw it home at 6.35pm, ironically,
high. When I looked upon that densely (Gary Scott Smith is Professor of Internal policies that encour- finally took one chance too many, skip- in bright sunlight. - espncricinfo
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