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It depends on the individual’s financial goals and circumstances. An annuity can provide guaranteed income for life, which may be beneficial for someone who wants financial security in their later years. However, the decision should be made considering factors such as health, current financial situation, and personal preferences. Consulting with a financial advisor is recommended to determine if an annuity is the right choice.
What else can I help you with?
Should an 85 year old woman buy an annuity?
That all depends on the purpose of the annuity. If it is money that will be transferred to an heir and is not needed to live on or to have as an adequate amount of liquid assets then there is nothing wrong with this. But other factors to consider are anticipated added expenses, a decrease in future income, or if the purchase of this product reduces the needed amount of liquid assets. If the responses to these factors are no and the sole purpose is to pass the money on as an estate, then there is nothing wrong with this purchase so long as the individual is of sound mind and understands the product she is purchasing.
What is a lifetime annuity?
A lifetime annuity is an annuity that is purchased with a payout period that will, in most cases, give a predictable payment each month for the lifetime of the annuitant (the individual whose life the annuity is on).
Can an 85 year old open their own savings account?
Yes, an 85 year old can typically open a savings account as long as they meet the bank's requirements, such as having valid identification and the minimum deposit amount. Age is not usually a barrier to opening a savings account.
How old will a 11 year old be in 2040 if its 2010?
An eleven year old should be able to do this kind of maths. 2010 to 2040 is 30 years ( subtract 2010 from 2040). Ad 30 years to 11 answer is 41. An eleven year old will be 41 in 2040
How many hours of sleep should a 60-year-old get?
A 60-year-old should aim to get 7-9 hours of sleep per night. Adequate sleep is important for overall health and well-being at this age.
What is immediate annuity and what is it used for?
An immediate annuity is something that will give you a stream of income for life. You can purchase them from insurance companies. They are great because even if you live to be 120 years old you will still get payments.
Where could a 17 year old purchase cheap car insurance?
There are many places a 17-year old could purchase inexpensive car insurance. One should try getting quotes from Travelers, US Auto Insurance, and 21st Insurance.
Should an 85 year old woman buy an annuity?
That all depends on the purpose of the annuity. If it is money that will be transferred to an heir and is not needed to live on or to have as an adequate amount of liquid assets then there is nothing wrong with this. But other factors to consider are anticipated added expenses, a decrease in future income, or if the purchase of this product reduces the needed amount of liquid assets. If the responses to these factors are no and the sole purpose is to pass the money on as an estate, then there is nothing wrong with this purchase so long as the individual is of sound mind and understands the product she is purchasing.
Can 18 year old purchase a car?
Yes
Which pet should get for a 8 year old?
pet should get for a 8 year old?
How old should you be to babysit a 7 year old and a 10 year old?
You should be about 13 - 14 years old.
Can a 13 year old purchase birth control?
Yes.
Can a 17-year-old purchase a car from a dealership?
Yes, a 17-year-old can purchase a car from a dealership, but they may face challenges due to age restrictions and financing limitations.
Can you leave a 15 year old in the car with a 6 year old?
That should be ok, but a 6 year old should not be in there for an extended period.
Can you switch your annuity to an IRA 1035?
You mean a 1035 exchange to an IRA? Perhaps your annuity is an IRA already? What are you trying to accomplish by switching? Is there a surrender charge? How old are you? Are you looking at a Roth or Traditional IRA? You should be looking at switching to an IRA or annuity paying out 10% tax deferred interest guaranteed over the next 10 years depending on your age.
What card should I get for my ten year old?
When I was ten years old, I adored cartoons. I think it's perfectly acceptable to purchase a card with cartoons on it if the child LIKES the characters featured on the card. :)
Should a 16 year old date and 11 year old?
No
