Annuities

Guaranteed annuities are typically protected from creditors in some states, known as "judgment-proof." This protection varies by state law and the type of annuity involved. It's important to consult with a legal professional familiar with your state's laws to understand how annuities are treated in the event of a judgment against you.

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Perpetuity

The first answer is when eligability requirements are met and that includes age, or in some cases time served. The second answer depends on two components, the distribution options provided and the income needs of the individual. IF you meet the requirements request the distribution options and determine the which option fits best with your income plan.

Yes. A Fixed Index Deferred Annuity offers the senior; [1] a fixed guaranteed interest rate annually, [2] additional growth potential with index market growth, [3] are tax deferred allowing the entire amount of principle and gains to snowball and increase total equity growth. [4] has zero risk to principle or gains. The key word in an annuity is "variable". A variable annuity is at risk of loss of all gains and sometimes principle. Avoid any annuity with the word "variable".

"Safe" is a relative term. No financial vehicle is entirely safe because there are a number of risks to your money, inflation risk, market risk, credit risk, etc. An excellent discussion of the types of risks and ways to manage them is at http://en.wikipedia.org/wiki/Financial_risk_management

But to answer your question, I believe that during a depression annuities are the safest vehicle relative to all others, for a number of reasons. Annuity companies are required (by most states) to hold reserves nearly ten times that of banks. Most have a minimum rate, to protect against inflation risk, making them superior to cash under the mattress. Most have favorable liquidity option which, paired with the higher reserving requirements, helps reduce liquidity risk, that is, the risk that you won't be able to get at your money when you need it.

In a nutshell it restricts investment companies from investing your hard earned cash (viz. pensions) in risky portfolios.

At this stage the restrictions on offshore is 20% and property, and equities have certain restrictions as well.

This was law in 1996 but was never enforced.

After 2005 it became enforced

The factors that help maturing a person include responsibility, environment, and the overall support that they have around them. A person matures with age as well. Maturity is all about mindset and ability, as well as willpower.

With a retirement annuity you can purchase the amount you wish to receive each month and for how long. There are annuity tables to help you decide how long you want the annuity to continue, and, based on the amount you have to spend; the dollar amount you will receive.

The main advantage is knowing that you will have a steady monthly income for X number of years.

Some of the disadvantages are:

1. If you drop dead a few months after purchasing the annuity, it's gone. It ends with your death. Your heirs don't inherit any of the money remaining within the annuity. If you purchased a spousal annuity, then your wife will continue to receive her monthly cheque.

2. The annuity is not indexed for inflation, so as the years roll by the purchasing power of your monthly stipend diminishes.

There are better strategies available to someone planning to retire. Consult a reputable Financial Planner to help you explore your options when considering where to apply your retirement funds.

A Grantor Retained Annuity Trust (GRAT) is an irrevocable trust that allows the grantor to transfer assets to beneficiaries while retaining an annuity interest for a specified period. Once the GRAT is established, the terms cannot be changed or revoked by the grantor.

a perpetual annuity is an annuity that continues forever- it has an infinite life.That is every year from its establishment this investment pays the same dollar amount.An example of a perpetuity is the dividend stream on preference shares.

Pension fund generates a one sum that can at some time be withdrawn and used. On the other hand annuities are a relatively secure income that starts paying out at one fixed date after you are finished working. Many people prefer annuity precisely because of this security aspect. Under Pensions you contribute periodically and create a lump sum upto a specified minimum Age. In UK it is currently 55. If you would like to stop accumulating at this age, you get a lump sum. With this lump sum you can start withdrawing in selected frequency (note that the capital(lump sum) gets depleted as you withdraw, unless the Capital is not generating any further income. On the other hand you can buy an Annuity, which is a periodic payment to you based on your lift expectancy (how long you live futher). This is called Secured Pension and the earlier withdrawal type is unsecured pension (because of depletion/the Funds under investment not doing good). In India, we call it as pension and annuity are clubbed together. That is you accumulate and start getting an income as Annuity under the same policy. Please note that when you decide to buy annuity with the accumulated amount, universally, you have an option called Commutation or Tax Free Cash (upto maximum of 25%) to take home in lump sum and the rest is used to give you annuity.

In a joint annuity, the annuitant's spouse typically needs to meet the minimum age requirement, which is often set at 59 and a half to receive payments. If the spouse is younger, the annuity may not allow for payments to be made to the annuitant. It's important to review the specific terms and conditions of the annuity contract to determine eligibility for payments.

In the state of Georgia, annuities are generally protected from creditors and are considered to be judgment proof if they meet certain criteria set by state law. This protection applies to qualified annuities, which are typically purchased through retirement accounts such as IRAs or 401(k) plans. Non-qualified annuities may have limited protection under certain circumstances. It is advisable to consult with a legal professional for specific advice on protecting assets from creditors in Georgia.

Yes, JPMA (Journal of the Pakistan Medical Association) is an indexed journal. It is indexed in various databases such as PubMed, Scopus, and Embase.

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An annuity rate is basically the rate at which you will pay a fixed amount to someone, usually when referring to insurance. In order to know your own rate, you will need to check the contract you signed, or at least call the company or person you are paying.

index annuity

It depends on how the annuity is set up. If it is x dollars for a specific number of years, the asset can be willed to someone. You may even have to fill out a beneficiary form when you do the paperwork for the annuity. If it is x dollars for as long as you live, there is nothing to will them once you are dead.

An annuitant is the recipient of an annuity.

A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.

Creditors generally cannot directly access your annuity funds, as these assets are often protected under state laws. However, if you owe debts, creditors may seek court orders to garnish payments from your annuity if you start receiving distributions. Additionally, in some situations, if the annuity is not structured properly or is deemed a fraudulent transfer, creditors may challenge it. It's advisable to consult with a financial advisor or attorney for guidance specific to your situation.

The rate of return on purchase payments will vary based on the performance of the chosen investment options.