Annual pension
Annuity is a term that usually relates to financial matters. The word annuity would normally be meant to describe any continuous payment with a fixed total annual amount.
well, you take a look at the % (aka the estimated rate) and the number of periods you'll be paying the anuity and look it up on this table. For example if the rate is 8% and you'll be paying 20 periods the number is 10.6036. take 10.6036 and multiply that by the payment and you should find the present value of your annuity due. right that table could be found here... http://www.principlesofaccounting.com/ART/fv.pv.tables/pvforannuitydue.htm
A variable anuity is a type of investment arrangement that allows for the investor to recieve periodic payments. More information can be found through sec.gov.
Typically you will cear 40 per cent of the advertised anuity amount
Annuity is a term that usually relates to financial matters. The word annuity would normally be meant to describe any continuous payment with a fixed total annual amount.
If the father paid Social Security taxes, minor children are entitled to survivor benefits. (www.ssa.gov). For private benefits through a pension or anuity or insurance program you would need to have some idea of the holder of the policy or fund. This information might be available from places where he was employed.
well, you take a look at the % (aka the estimated rate) and the number of periods you'll be paying the anuity and look it up on this table. For example if the rate is 8% and you'll be paying 20 periods the number is 10.6036. take 10.6036 and multiply that by the payment and you should find the present value of your annuity due. right that table could be found here... http://www.principlesofaccounting.com/ART/fv.pv.tables/pvforannuitydue.htm
It is very unlikely they will or even can take your home. This is very true if you have a morgage on the home, first they would have to pay off the lender on your home then foreclose, under most conditions they can't forclose as long as you pay the lender on your home. Find out what your state laws are. If you live in a "Tenancy by the Entirety" state, you lucked out they can't touch anything that is in both names. Here are more answers and opinions from other FAQ Farmers: * They can get a judgment and place a lien on the house, which means if you ever sell it, then they will have to be paid. Check your state laws for how long such a judgment-lien will remain on the house. In my state, it's 10 years, and then they either have to renew their judgment or lose it. But remember that each time you make a payment on your mortgage, you're increasing your equity and thus creating a better chance that there will be enough equity (after your Homestead Exemption, whatever that exemption is in your state) for the creditor to get his money--or at least more of it. So if you sell your house before the lien falls off, much of the principal you've paid on your mortgage may go to the creditor who holds a lien on the house. Thanks to a Congress that cares more about getting campaign donations from big credit-card companies than about protecting people who've hit financial troubles, the creditors hold all the cards. * My mother is 83. Her social security and a small anuity pay all of her expenses. Her life savings is down to $11,00.00, which she is using to pay the minimum on her credit card bills. She owes $26,000 on her cards and her minimum payments are about $500.00/month. She will run out of money in about 6 months. What happens if she stops paying her cards or begins sending $50.00 a month?