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What else can I help you with?
How safe are the annuities?
is my IRA annuity safe from creditors and mortgage foreclosure
Can your annuity be garnished by a personal loan?
Yes, an annuity can potentially be garnished for a personal loan, but it depends on state laws and the specific terms of the loan agreement. Creditors may be able to obtain a court order to garnish funds from an annuity if they successfully sue for non-payment. However, some types of annuities may offer certain protections against garnishment. It's advisable to consult a legal expert for personalized advice based on your situation.
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
What is monthly annuity?
The option to get annuity every month is called monthly annuity.
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
How safe are the annuities?
is my IRA annuity safe from creditors and mortgage foreclosure
If a senior relative cannot open a checking account and wishes to sign over an annuity check to a relative is that relative open to litigation for the senior's outstanding debts?
signing over an annuityNot as long as the senior relitive is still living. The only problem you might run into is if a creditor has a lien agenst the annuity in that case you would not be able to collect the funds. If the relitive signed the check over to you and then past away before you were able to deposit the funds the annuity may become part of the estate in that case the creditors would have to be paid first.AnswerNo. However creditors may have a lien on the annuity and in that case they would have to be paid from the proceeds.
Can a lien be placed on my monthly annuity?
Yes, a lien can potentially be placed on your monthly annuity, depending on the laws in your state and the circumstances surrounding the lien. If you have outstanding debts or legal judgments against you, creditors may seek to attach a lien to your annuity as a means of securing payment. However, certain protections may apply, and it's advisable to consult with a legal professional to understand your specific situation and options.
Do you pay taxes on income earned in an annuity?
If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.
Can your annuity be garnished by a personal loan?
Yes, an annuity can potentially be garnished for a personal loan, but it depends on state laws and the specific terms of the loan agreement. Creditors may be able to obtain a court order to garnish funds from an annuity if they successfully sue for non-payment. However, some types of annuities may offer certain protections against garnishment. It's advisable to consult a legal expert for personalized advice based on your situation.
What is the primary difference between an annuity and a compound annuity?
difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
What is monthly annuity?
The option to get annuity every month is called monthly annuity.
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
What The differences between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
Can you lose money with an annuity?
Yes, it is possible to lose money with an annuity if the investments within the annuity perform poorly or if there are high fees associated with the annuity.
How can you withdraw money from annuity?
Your annuity policy document should have all the withdrawal provision detailed for you. If not contact the company you have the annuity with and they can give you instructions. Before you withdraw from an annuity be aware of the tax treatment of your annuity withdrawals.
