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Annuities are considered Life Insurance, so if the agent isn't selling a variable annuity, he doesn't have to be securities licensed.
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Rollovers to a 401k plan from a flexible variable annuity?
The only accounts that can be rolled into a 401k plan are other old 401k plans. You can not co-mingle the accounts. Once you rollover a 401k to an IRA or Annuity, you forfeit the right to put the money back into another 401k plan. However, there is really no benefit to putting the money back into a 401k plan in the first place. The money you roll in isn't matched, and your investment choices are typically somewhat limited with an employer plan. For more information on 401k plans and Variable Annuities, please visit the attached link, eRollover.com
How good is the property investment group?
The property investment group is good, but there are better options out there. You should invest your money in a 401k or retirement fund. Be sure not to roll over your 401k too early.
What is the difference between a qualify annuity and non qualifying annuity?
You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, IRA, or 403b. Non qualified obviously is money that income tax has already been paid on. Taxes in an annuity are defered until you use the money. In a qualified annuity all of the money would be subject to income tax upon withdrawal. In a non qualified annuity only the gains would be taxed. But since it is tax deferred you pay your income tax rate, not capital gains taxes. The original amount invested is not subject to tax when you withdraw it.
Which is the best 401k plan at Safeway?
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
What's the difference between a 401k and a Roth 401k?
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
What type of annuity is a 401 K?
a 401K is a tax deferred qualified annuity similar to an IRA.
Is annuity income counted against social security income limits?
A regular annuity which is not a 401K is counted against social security income limits.
Rollovers to a 401k plan from a flexible variable annuity?
The only accounts that can be rolled into a 401k plan are other old 401k plans. You can not co-mingle the accounts. Once you rollover a 401k to an IRA or Annuity, you forfeit the right to put the money back into another 401k plan. However, there is really no benefit to putting the money back into a 401k plan in the first place. The money you roll in isn't matched, and your investment choices are typically somewhat limited with an employer plan. For more information on 401k plans and Variable Annuities, please visit the attached link, eRollover.com
You lost money on an annuity account can you claim it as a loss?
If it is a tax preferred type account....oike in your IRA or 401k, no.
Why do you have to pay Federal Income Tax on an annuity you received after your father's death?
The money you receive from the annuity is income. All income is supposed to be reported and taxes paid on it.It depends upon where that money came from in your fathers estate. If this annuity came from your fathers annuity which was established from IRA or a 401K which had never paid taxes on -then the annuity now needs to pay the taxes.If the annuity came from life insurance then their is no taxes to pay. If the annuity came from prepaid tax money there would be no taxes to pay. etc.
How good is the property investment group?
The property investment group is good, but there are better options out there. You should invest your money in a 401k or retirement fund. Be sure not to roll over your 401k too early.
How do ira rollovers into annuity funding accounts work?
There are two ways to do this. One way is through your employer. The other way is through an insurance company. Because you are changing jobs, you'll have to go through a insurance company and buy a annuity account from them. Then, you will have to go to Human Resources in your previous place of employment and do the necessary paperwork to transfer your 401k into that annuity account.
How can I found out about Prudential 401k packages?
www.retirement.prudential.com/ is the official website, but requires a username and password. Talk to your boss, part of their job is to help you with the basics of your 401k. If they cannot help, seek professional advice from a financial agent. Many times an insurance agent can help point you in the right direction.
Can you rollover an IRA over into anything but another IRA?
Yes you can but you will have tax consequences. You placed this ? under annuities. You can roll your 401K or IRA into an annuity with no tax issues. And with current guarantees of 6% for the next 10 years why not?
What does the Federal Employees Retirement System provide?
The Federal Employees Retirement System provides retirement for government civilian employees. It has it's own system like a 401k plan, Social Security participation, as well as annuity investment.
What is the difference between a qualify annuity and non qualifying annuity?
You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, IRA, or 403b. Non qualified obviously is money that income tax has already been paid on. Taxes in an annuity are defered until you use the money. In a qualified annuity all of the money would be subject to income tax upon withdrawal. In a non qualified annuity only the gains would be taxed. But since it is tax deferred you pay your income tax rate, not capital gains taxes. The original amount invested is not subject to tax when you withdraw it.
Which is the best 401k plan at Safeway?
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
