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Is an AXA variable annuity a good savings option for a young person?
Wiki User
∙ 12y ago
No it is not a good savings investment. It's best to have a savings account with your preffered bank choice. Save some money and never touch. As a young person saves money interest starts paying up.
Wiki User
∙ 12y ago
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Is the variable annuity life insurance any good?
Variable annuity is good for a person looking for long term invesment options if they are wanting to retire in the future. It is a great option for that, but it may not be the best option for a life insurance policy. However, there are some reliable variable annuity life insurance companies like Valic.
What is transamerica variable annuity and what are their yields?
Tranamerica is an insurance company that offers variable annuity. Their yield depends on the situation of the person. If a person qualifies for annuity.
What is an annuity and how does it work?
A variable annuity is an agreement between a person and an insurance company. A certain amount is given every month to the person receiving the annuity. They offer many pay options if someone is to die before the annuity is paid out. It is a way to take the money you are given and increase the amount by accepting smaller payments monthly vs. one large lump sum up front.
Can a person get an annuity and a pension?
Yes
Understanding A Variable Annuity Calculator?
In the United States, annuity contracts are regulated by the Internal Revenue Code and individual states. Annuities, which are a type of tax-deferred savings, are only distributed to individuals by life insurance companies in the United States. However, they may also be issued privately in contracts between donors and non-profit organizations. In such an exception, the reason is often to reduce taxes. Both features of life insurance and investment products comprise a variable annuity. Overall, an annuity must follow the IRC codes, but in the end, the individual state will add state-specific details and regulations. Variable annuities are also regulated by the Securities and Exchange Commission. Sale of these are governed by the regulations of FINRA, a large non-government regulator for U.S. securities firms. Due to their dual composition, annuities can be confusing to most people who purchase them. In most cases, they are briefly explained in a way that seems to make sense. However, many people purchase them and find that there are even more confusing terms involved. Simply put, an annuity is much more complex than it seems on the surface. Calculating is one of the most difficult tasks for a holder of an annuity, unless he or she is fully educated in the matter or has experience actually selling them. Fortunately for consumers today, there are variable annuity calculators available online. These calculators are designed to put the many complex aspects into simple terms and let consumers know how much they can expect to pay on a variable annuity. Calculators will ask for current age and withdrawal age, or the age at which a person expects to withdraw funds. The surrender amount is the amount the annuity holder is willing to give up to the financial institution holding the annuity for their profit. There must also be a contribution amount specified; this is the dollar amount the annuity holder plans to contribute to their account annually. The expected annual rate of return must also be noted; this is the amount expected to compound annually. Current tax rate, retirement tax rate and the number of years until planned retirement must be entered. The results will show annuity totals before and after taxes. For a good annuity calculator, use the free widget on Dinkytown.net.
How does one sell annuity settlements?
One has to first prove that the annuity is theirs to sell. This requires photo identification, a copy of the annuity policy, a copy of the annuity application, as well as copies of tax forms in some instances. A broker can then be hired to sell the annuity, or a person can do it themselves. Woodbridge Structured Funding and Liberty Settlement Funding are two, of many, companies that offer online services to a person looking to sell an annuity.
What is a period certain annuity and a life annuity?
A period certain annuity guarantees payments for a specific period, such as 10 or 20 years, regardless of the annuitant's lifespan. A life annuity provides payments for the lifetime of the annuitant, ensuring income for as long as they live but ceasing upon their death.
Where can one find a good annuity broker?
Annuity brokers can be found locally or online. Depending on the types of services desired, it is often recommended that one visit an annuity broker in person in order to get customized service and advice.
What is a word for a regular payment made to a person after he or she retires?
pension, annuity, alimony
Is your birthday a variable?
No, your birthday is fixed. But a person's birthday is a variable.
What does an immediate annuity calculator allow a person to determine?
A Fixed Annuity can provide a very secure, tax deferred investment. It can provide a guaranteed minimum interest rate, with no taxes due on any earnings until they are withdrawn from the account. Use this annuity calculator to help you determine how a Fixed Annuity might fit into your retirement plan.
If a leander can debit from a savings account can a person use there savings?
i think it should be consiterd
