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Can you add money at any time to your annuity?
Whether you can add money to your annuity at any time depends on the type of annuity you have. For flexible premium annuities, you can typically make additional contributions as desired. However, with single premium annuities, you generally cannot add more funds after the initial investment. Always check the specific terms and conditions of your annuity contract for details.
What is a deferred annuity?
An annuity that will not begin until some time period in the future.A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.
One of the first considerations in cash management is?
Synchronization of cash inflows and cash outflows.
What is the difference between the term annuity with a small a and the term Annuity with a capital A?
I don't believe there is any difference.
Is it possible to cash a cashier's check at any location?
No, you typically need to cash a cashier's check at the bank or financial institution where it was issued.
What is annuity kind of cash flow?
Annuity is fixed sum of money paid every year in at any other fixed interval shorter than a year. This annuity may be by way of return of some principal plus interest payment of against money invested or by way of payment of other dues such as pensions after retirement. In any case it represents out flow of cash from one account to in flow of cash to another account. In this way all annuities involve movements of cash or funds. Therefore all annuities are cash flows that can be suitably represented in cash flow statements. An annuity will be represented as inflow of cash in the cash flow statement for the recipient of the annuity and out flow of cash in the cash flow statement of the person or firm paying out the annuity.
Can you add money at any time to your annuity?
Whether you can add money to your annuity at any time depends on the type of annuity you have. For flexible premium annuities, you can typically make additional contributions as desired. However, with single premium annuities, you generally cannot add more funds after the initial investment. Always check the specific terms and conditions of your annuity contract for details.
What are annuity rates?
An annuity rate is as finance theory that is used to show fixed payment of a period of time. The are usually between 4% to 12% however it may change at any time.
What are common annuity rates?
An annuity rate is as finance theory that is used to show fixed payment of a period of time. The are usually between 4% to 12% however it may change at any time.
What is a deferred annuity?
An annuity that will not begin until some time period in the future.A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.
can i borrow money on my annuity?
It is possible to borrow money from some but not all types of annuities. If a loan is allowed, you will be limited to borrowing from the funds that you have already contributed to the annuity, limited to not more than one loan per year, and very likely limited not more than $50,000. If you do borrow from your annuity and then let the annuity lapse, you will automatically owe taxes on any investment earnings that you have withdrawn from the annuity.
Are annuity settlements beneficial to the owners and what would the tax liability be?
This is a question best left to your tax professional. Without knowing your financial situation, it is difficult to make a sensible recommendation as to whether you should cash in these annuity settlements and what, if any, tax implications there may be.
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.
If you die before the payments from the lottery prize and Jackpot Powerball your heir the rest of your cash prize?
"The estate will handle the lottery prize. A lottery annuity prize is just like any other asset. You can pass any remaining annuity payments on to your heirs or to anyone else. The Powerball game will even cash out an annuity prize for an estate. This may make it easier for the estate to distribute the prize. It also may be necessary to cash out the annuity to pay Federal estate taxes. We will sell some or all of the securities at competitive bid or will even just transfer the securities to the estate. We do not charge a fee of any kind. I think that this misunderstanding may come from the response that the prize "goes to the Estate" and some people hear "goes to the State." Source: http://www.freepowerball.net
One of the first considerations in cash management is?
Synchronization of cash inflows and cash outflows.
What do you mean by credit card and debit card?
credit means where we purchase any product are any items without cash and pay cash with in time of the month debit card means the cash of in our account where we want withdraw any where any time and buy any thing cash no credit
What is the difference between the term annuity with a small a and the term Annuity with a capital A?
I don't believe there is any difference.
