0
What else can I help you with?
What percentage of households earn greater than 150000?
The answer depends on the region and, therefore, the currency unit, as well as the period (per day, week, year). And since you have not bothered to provide that crucial bit of information, I cannot provide a more useful answer. It would not surprise me if 100% of Japanese families earn more than 150000 Japanese Yen in a year. At the same time, 0% of UK households earn more than 150000 Pounds Sterling every hour!
What is the average return of an annuity?
That actually depends on what type of annuity you are purchasing. That being said a ball park average would be around 5%. However, this is just a ball park figure because there are so many types of annuities and each company has their own guidelines.
Fixed time step vs next event simulation?
A fixed time step meant that at a certain time, a function would be performed. Next event simulation means that the next step in the process cannot proceed until the function before it is finished.
When do you use binomial distribution?
One would use binomial distribution if and only if the experiment satisfies the following conditions1. There is a fixed number of trials.2. Each trial is independent of one another.3. There are only two possible outcomes (a Success or a Failure).4. The probability of success, p, is the same for every trial. An example of an experiment that has a binomial distribution would be a coin toss.1. You would toss the coin a n (a fixed number) times.2. The result of a a previous toss does not affect the present toss (trials are independent).3. There are only two outcomes - Heads or Tails.4. The probability of success (whether a head is considered a success or a tail is considered a success) is constant at 50%.
How is Probability used in the gambling industry?
It depends on what you mean, but here is a basic description of how it works. Payouts in gambling games are based on the probability of winning, but the payout is less than the true probability of winning. Just as a basic example, the odds of rolling a 12 in the game Craps is 1 in 36, but if bet on the 12 and win, you only win 30 times the amount bet. So basically, you would have to make a $1 bet 36 times to win $30.
Why exactly would one buy an annuity?
One purchases an annuity by depositing money, which guarantees a return of regular, fixed payments for a fixed period of time or one's lifetime. One might purchase an annuity so as to receive a payout that is not subject to income or capital gains taxes.
Should I choose an annuity fixed?
If you would rather have a slower, but more stable growth then annuity fixed is for you. Fixed annuities also offer tax-deferral which increases the speed your money grows.
Can you collect unemployment insurance if you are receiving an annuity?
That would depend on how much the annuity pays out. The regulators calculate your income sources and will apportion a payout of U.I. if your income falls within the allowable amount.
Which type of annuity pays an amount per year to you and your spouse until the last one dies?
A joint annuity with a survivors benefit. However you purchase the joint annuity first. The payout procedure doesn't actually take affect until you would decide to annuitize the annuity. This is beneficial because if the first spouse passes away before the annuity is annuitized (set up for lifetime payments) the living spouse has the ability to receive it as a single payout annuity giving them a larger payment each month.
Exactly what values are calculated by a annuity value calculator?
An annuity value calculator calculates past value, present value, and estimated future value of an item or stock. It can also tell you what your current payout would be.
What is the definition of Variable Annuity?
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
What does the term anuity mean?
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.
Where can one find a fixed index annuity?
Both Nationwide and Aviva provide fixed index annuities and these are indeed fixed, and do not vary with inflation. Although some would say that fixed index annuities are hedging your bets, in today's economic climate it would be seen as sound.
Who would a Single Premium Immediate Annuity be appropriate for?
In most cases a single premium immediate annuity would be suitable for someone wanting to create a monthly ditribution for a certain period of time or for life. The second choice is whether this will be a single monthly distribution for one individual or a joint payout for two individuals with or without a survivors benefit.
Do I have to pay annual taxes on my fixed annuities?
No, fixed annuities are generally tax-deferred. You will pay taxes on it when you remove the money from the annuity. Fixed annuities are not taxed so no you would not have to. You can find out more facts about how they work by visiting www.moneymanagment.info.
Fixed annuities do you get back principle when die?
In a fixed deffered annuity you get principle plus all earned interest. In an income annuity, you may or may not, it depends on the company and the product chosen. This feature has only been around for a short time. So if it is an old annuity it most likely is set to pay out for a specific length of time, therefore you would not receive the principle back upon death. But the beneficiary or estate would receive the remaining payments.
Get The Facts On Fixed Immediate Annuities?
While fixed immediate annuities are not designed for maximum return on investment, they do provide an income stream that generally outlives the investor. These are becoming more popular because a great percentage of the population is expected to live well into their 80s. A single premium immediate annuity guarantees a certain monthly income amount, with very little of the money being taxable.Example Of An Immediate Annuity InvestmentIf a healthy male in his early 70s invests $100K in a fixed single premium annuity, he can expect to receive approximately $750 per month for as long as he lives. If he should die prematurely, his beneficiary will receive the balance minus payments already made. He can choose a life payout option instead, meaning there will be no endowment of funds but rather a larger monthly payout of the funds. In this case, he would receive approximately $900 per month on a $100K investment.Taxes On Fixed Immediate AnnuitiesMost of the money invested is actually returned to the individual. It is therefore considered principal and is not subject to income tax. This in contrast to an taxable IRA because this type of investment is with pre-tax dollars. In the example given above, only about four cents per dollar are actually subject to income tax.Many individuals purchase a fixed immediate annuity as part of their Medicaid planning process. The purchase of an immediate annuity essentially removes this amount of money from the estate, meaning that the individual is now eligible for Medicaid because the minimum qualification total has been met. However, this minimum requirement varies from state to state, therefore it is advised that individuals work closely with an estate planner or retirement attorney in order to insure the minimum requirements for Medicaid eligibility are realized.Drawbacks Of Fixed Immediate AnnuitiesAlthough the income stream is steady, it does not take inflation into account. The return on investment is quite conservative, and those who purchase an annuity in any form are removing themselves from the potential purchasing power their money would otherwise provide. Those who purchase a life only option annuity have no means of selecting a beneficiary should a premature death occur. Younger individuals who invest in an annuity will receive a lower payout because their life expectancy is greater. And the current interest rates are fairly low. Many are choosing to wait a few years to see if rates increase, resulting in a larger monthly return on investment. Once a single premium immediate annuity is purchased, the interest rate is locked in for life.
