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Absolutely. HOWEVER, it depends on the type of annuity and the decisions you make. Annuities are great, but too complex for one simple answer. "can" you lose money? Yes. Will you? Depends on what you get and what you decide to do with it. "can" annuity insure you don't lose money? Depends on what you get and what you decide to do with it. A tv personality who says annuities are always bad and a sales hype that says annuities are always good are both wrong.
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Are annuities a safe investment?
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.
If you have 1000 crore cash then where would you keep all the money?
If you have 1000 crore cash then, it is best to keep all the money either in a savings account or in an annuity.
What is a savings account with an insurance company?
An Annuity
What is a annuity fund?
A deferred annuity fund is an annuity contract that does not pay out income or installments until the customer decides to withdraw the funds from the account.
What is a pure annuity?
money
What percentage of money is lost when someone opts for an annuity settlement?
People lose about $100,000 each year by annuity settlements, so don't get a settlement or you will lose your money and you don't want to lose your money do you?
If you uninstall iTunes will you lose your account money?
No, you will not lose your account money. The money you register is related to the account, not the actual iTunes software.
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.
Do I have to pay taxes on a money market my mother left me when she passed away in Jan. 2015 if I roll it over into my annuity account?
Do I have to pay taxes on a money market my mother left me when she passed away in jan. 2015 if I roll it over into my annuity account?
Can a creditor garnishment my bank account when all the money in it is Federal annuity?
yes, i creditor can garnish a bank account to $0 regardless of where the funds in the account came from
What is value of payment on an life insurance annuity if owner dies before any payments?
Great product, an annuity. My friend had $8,000 in his one day and the annuity paid 100% overnight. Excitedly, he told me the next morning that he had $16,000 then. Happy guy. However, an annuity kind of works like a savings account at the bank. No money in it? No money paid out. $10 in it? $10 paid out. $100,000 in? $100,000 paid out. Disclaimer: an annuity is not a savings account. I just used that term to show you how it works.
Are annuities a safe investment?
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.
If you have 1000 crore cash then where would you keep all the money?
If you have 1000 crore cash then, it is best to keep all the money either in a savings account or in an annuity.
What is a Charitable Lead Annuity Trust?
A charitable lead annuity trust is a type of account that specifies a certain amount of money to go to a certain charity every year. This type of trust can be either vivos or testamentary.
What is a savings account with an insurance company?
An Annuity
What is a annuity fund?
A deferred annuity fund is an annuity contract that does not pay out income or installments until the customer decides to withdraw the funds from the account.
What is annuity fund?
A deferred annuity fund is an annuity contract that does not pay out income or installments until the customer decides to withdraw the funds from the account.
