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is my IRA annuity safe from creditors and mortgage foreclosure
areinsurance annunities safe and what are the charges on them
Yes
A variable annuity is not safe if you can't afford to lose money. A fixed annuity may not be safe if you can't afford not to make reasonable stock market type return.
They are not insured like with money in the bank and the FDIC. But it is safe as to the extent that the insurance company is safe and at this point probably safer than the banks and the FDIC! I strongly advise against indexed annuities at this point where you can receive 0% interest. Why not a fixed annuity that would guarantee the interest rate for a fixed period of time? Currently 6% guaranteed for 10 years.
is my IRA annuity safe from creditors and mortgage foreclosure
areinsurance annunities safe and what are the charges on them
Yes
Most insurance companies sell annuities which are usually associated with them. Fidelity.com is one site where you can learn about annuities. While these are safe investments they aren't really considered high yielding.
No.
The SSI check or any federal check you receive is safe from garnishee by private creditors. The bank account you deposit it in on in which it is automatically deposited can definitely be attached. If an asset is not safe one way, it will be safe to recover from in a dozen other ways.
A variable annuity is not safe if you can't afford to lose money. A fixed annuity may not be safe if you can't afford not to make reasonable stock market type return.
Generally speaking, an annuity company's guarantees are as safe as the company. Every state's insurance department monitors the assets of those companies that are doing business in their state to make sure that they'll be able to meet their obligations. As far as I know, American Equity is a legit company but check with your state's department of insurance/annuities to make sure they are approved to sell annuities in your state.
No, they can obtain a court order of garnishment and remove your money at a cost to you.
Usually, private papers and documents and money are stored in a safe.
They are not insured like with money in the bank and the FDIC. But it is safe as to the extent that the insurance company is safe and at this point probably safer than the banks and the FDIC! I strongly advise against indexed annuities at this point where you can receive 0% interest. Why not a fixed annuity that would guarantee the interest rate for a fixed period of time? Currently 6% guaranteed for 10 years.
Georgia