Articles about annuity
An annuity is a financial instrument that provides a stream of regular monthly income after an initial investment of money has been made previously. Annuities are very sophisticated tools used in financial planning and risk mitigation. Annuities are considered safe investments with stable but low expected returns, compared to...
A variable annuity is basically an insurance-related contract that involves your insurer paying you in designated payment intervals. You are able to choose whether or not you would like to get paid at the beginning of your contract or at a later date. Most people that have...
The downside of an annuity investment is that the owner agrees not to touch the money for a set period of time. Certain penalties including taxes and additional fees will usually make any attempt to receive early payment when you sell your annuity very costly.
Fortunately finding the information you need to make an informed, intelligent financial decision need not be overwhelming. There are two types of annuities you are most likely to be involved with. A retirement annuity or an annuity you have received due to an injury or other lawsuit in which you have prevailed.
There is a wide array of annuities available. Their major benefit is tax deferment for the growth of your earnings. This is a feature that is widely advertised and at first glance seems to make these products a good investment. There Annuities Available For Many Situations. Make sure it is the proper investment for you.
Although annuities for young people may not be the most obvious savings and investment choice, they can nonetheless make a great deal of financial sense. When you're young, it's virtually impossible to think about retirement. With so many things to do and events to plan for, retirement probably won't even make it onto the list of financial priorities for several years or even a couple of decades.
What happens to your FDIC insured bank account if your bank fails? Is there a reason to panic? While it may be normal to feel frightened if this happens to your local bank, you'll be glad to know that the worse you will experience will probably be some inconvenience.
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An actuary is a top paying job that can easily surpass $100,000 a year in salary, yet most people are unfamiliar with the job and the role that an actuary plays in the business world. An example of a laughable survey response regarding what an actuary is: a...
Mutual Funds are one of the most popular investment vehicles out there, but there some shady secrets that the investing community would rather have you not know about.
Are you looking to create passive income opportunities? You'll be happy to know creating passive income opportunities is very easy. There are many ways to create passive income; some of these are very simple. Common stocks, commodities, real estate, mutual funds, bonds, preferred stocks, annuities, rental properties, investing in...
If there is one thing that you cannot avoid, it is paying taxes, and the same goes for paying taxes on capital gains made in the stock market - you must understand what the capital gains tax is! It is important to understand different tax structures to see how much you have to pay on your capital gains.
A Structured settlement is a simple thing really. A structured cash settlement is a series of payments you get over the course of time. For example, if you win a large amount of money by either the lottery or through gambling at a casino, you will generally have two options in which to get your winnings. The first way is getting your cash in one lump sum, although it will be less than the amount you actually won. Sometimes it will be considerably less than what you may think you are getting. Than Uncle Sam steps in to take their tax from it, which is always a huge amount and you are left with sometimes less than half of what you indeed thought you were winning.
So you got yourself a structured cash settlement, but looking back, you think that you may have gone with the lump sum instead. Perhaps you did not get an option and you are stuck with a structured settlement instead. Either way, you do not want your structured cash settlement and you want to get rid of it. . You may find yourself in some sort of financial crisis in which you need more money and fast. If you do decide to do this, you want to be careful. You do not want to rush into this and sell your structured settlement before you know what exactly you are getting into. You want to be sure of all the possible outcomes for selling your structured settlement for one lump sum.
With a myriad of investment options available in the market, it might sometimes be tough to sieve through the junk to find those that are truly valuable to your portfolio. In a situation like this, a good financial advisor can help increase your investment returns and protect your money from possible unexpected events. However, if a financial advisor is more concerned about building his or her wealth instead of yours, these advantages can be swiftly eliminated and lead you to a lifetime of senseless payments.