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Retirement Planning

Strategies of saving money in order to meet one's financial goals upon retiring. This can be through the use of 401(k), IRA and/or pension plans to name a few.

4,043 Questions

What is the difference between annuity life and whole life insurance?

1. annuity is paid till a person passes away whereas life insurance is paid after a person passes away to the beneficiaries

2. annuity is paid as periodic installments whereas life insurance is paid as lump-sum.

3. annuity support future income requirement. life insurance support the need of beneficiaries.

4. annuity is a retirement planning tool whereas life insurance is a product providing inheritance.

5. annuity pays back total value + gains earned. life insurance may provide benefit multiple times larger than premium paid

ZEBA

What is the address and phone for Edison Brothers pension plan?

Edison Brothers Stores Inc

501 N. Broadway

St. Louis MO 63102-0000

Have been trying to get ahold of telephone number. I have a plan number with the Pension Plan; as well as an Id. number.

So far I've had no luck contacting them! But anyone that worked for them knows how hard it is/was to get and find out what information you need. I worked for them for 15 years in New Jersey and Pennsylvania shoe stores.

I was just told by a S.S. Administrator to write to the company (EBS); And if no reply call Social Security Administration. Good Luck! I'm going to keep trying to get in touch with EBS!

Is an annuity a type of life insurance?

Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.

Can you deduct your 401K stock market losses?

I would think not, for the simple reason you hav`nt paid any tax on the money to start with.

Are annuities part of an estate?

With a properly named beneficiary, the death proceeds of an annuity are outside of the estate and transfer directly to the heirs avoiding probate.

Is Gatlinburg a good place for retirement?

I would have to say Gatlinburg is great for retirement. The locals are warm and inviting. There's plenty to do in town if you want to stay active and according to the home you choose, and I can't imagine a better view to enjoy from a front porch than that of the Smokies.

Can you avoid taxes on an inherited annuity?

No, in Australia, America and most of Europe there are certain taxes that affect inherited annuities.

Is the railroad retirement any good?

The railroad retirement program can be beneficial for eligible railroad workers and their families. It provides retirement, disability, and survivor benefits that are generally more generous than those provided under Social Security. However, the program is specific to railroad workers and may not be advantageous for individuals who have not worked in the railroad industry.

Are indexed annuities insured?

They are not insured like with money in the bank and the FDIC. But it is safe as to the extent that the insurance company is safe and at this point probably safer than the banks and the FDIC! I strongly advise against indexed annuities at this point where you can receive 0% interest. Why not a fixed annuity that would guarantee the interest rate for a fixed period of time? Currently 6% guaranteed for 10 years.

A example short farewell speech of boss who is leaving on retirement?

When writing a short farewell speech for a boss who is retiring you should try to tailor your speech for the person in question. Make sure you mention their career achievements and how much their commitment and input has been valued within the company. Have some examples to make them know that you really have thought about it. Wish them well in their retirement and let them know that they will be missed.

Defined benefit pension plan?

A plan that that provides defined benefits. Supplemental Social Security offers several retirement plan for family and individuals.

Marine corps mandatory retirement age?

you have to serve 20 years in the corps to retire

Why should accountants have an understanding of compound interest annuities and present value concepts?

Accountants must have a working knowledge of compound interest, annuities, and present value concepts because of their application to numerous types of business events and transactions which require proper valuation and presentation. These concepts are applied in the following areas: (1) sinking funds, (2) installment contracts, (3) pensions, (4) long-term assets, (5) leases, (6) notes receivable and payable, (7) business combinations, and (8) amortization of premiums and discounts.

What is low income in Canada?

I live in the United States of America and I want to raise a family without my children taken from me by family services dose the rules apply in the country of Canada as the do in the USA?.

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