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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 future value of a growing annuity with a present value?
The present value is what it is worth today minus any surrender charges. The future value is what it will be worth in the future at a given interest rate and again minus any surrender charges if applicable.
Who gets the annuity if the primary beneficiary dies after the owner dies and didn't file a claim?
The primary beneficiary's estate could file a claim and the proceeds would be distributed to their heirs at law if the estate was probated. If no claim is made, the proceeds would escheat to the state after a statutory waiting period has passed and the funds remain unclaimed.
$605.32 :) :P
Will you lose your annuity if aig goes under?
I am looking for answers to this myself, AIG annuities is a subsidy of AIG and should be insulated from the credit concerns of the parent company, however NY state's actions of allowing AIG to use policy holder's account as collateral clouds the issue. Aig personnel are not able to answer this question either, this unpercedented situation is unfolding so quickly, they have not been briefed. They did advise however that the principal is guaranteed but with 20 years of interest in the account that is little comfort. What can you do? by the time you are able to transfer the funds out it will be a moot issue, they will either have been bailed out or in bankruptcy.
How should you diversify an annuity acct in a failing market?
It depends on when you will need your annuity money. How far off from retirement are you or are you in retirement? There are very attractive guarantees out there now like 6% guaranteed over 10 years. If you need money sooner than maybe put some in at the 6% and some in a shorter period. It is all based on your needs.
Can a UK citizen transfer pensions to the USA?
You can transfer your UK pension to a QROPS (Qualifying Recognised Overseas Pension Scheme) available for residents of the USA. These Qrops meet the strict reporting requirements of the IRS and transfers to these schemes have the approval of the IRS.
You can read more about Qrops by visiting http://www.the-qrops-specialist.com
not safe at all. if AIG folds or goes under, you wake up one morning and the company is closed lie ENRON, and WorldCom. then you lose all your money.
What happens to your 401k if AIG goes bankrupt?
I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?
Are annuities backed by state or federal governments?
ARE ANNUNITIES BACK BY THE STATE GOVERNMENT OR SOME OTHER INSURSNCE COMPANIES.
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What insurance companies offer long term care annuities?
Forethought Financial Group will soon offer ForeCare which is an annuity with a LTC rider with all the benefits available under the Pension Protection Act of 2006.
You are retiring with 250K where to invest for safe income?
Given the nature of your question " where to invest for safe income" government bonds are probably your safest bet but returns are low.
There are many things to consider when investing and I would suggest you seek the services of a professional financial adviser who can assist you in determining your tolerance for risk and together you can produce an investment plan that suits your financial goals.
I left Beneficial Corp in 1991 & have a Schedule SSA (form 5500), which states I am entittled to a $$ amount at age 65. Since Beneficial was sold to HFC - how do I collect my pension??
The natural downside of autumn is cleaning ponds of fallen leaves. Many people are outside raking leaves during the autumn season.
Is lease of bokaro steel city quarters of sector 2 in progress?
Yes it is going on. last date is 14 th June 2009
Differentiate between ordinary annuity and annuity due?
In an ordinary annuity, the annuity payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each annuity payment accumulates an extra year of interest. This means that the future value of an annuity due is always greater than the future value of an ordinary annuity.
When computing present value, each payment in an annuity due is discounted for one less year (because one of the payments is not made in the future- it is made at the beginning of this year and is already in terms of present dollars). This will result in a larger present value for an annuity due than for an ordinary annuity, as well.
Income received but not yet earned, such as rent received in advance or other advances from customers. Unearned income is usually classified as a current liability on a company's balance sheet, assuming that it will be credited to income within the normal accounting cycle.
yes it is taxable
Is mortgage an example of annuities due?
No, mortgage payments are due in the beginning of the month like rent; however, the mortgage payment covers the previous month's interest and principle on the mortgage loan. Rent is an "annuity due" because it is paid in adavance to cover the next 30 days to follow.
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What is the difference between a 501c3 and a 501c10?
501(c)(3) organizations are corporations organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(10) entities are domestic fraternal societies, orders, or associations, operating under the lodge system and devoted exclusively to religious, charitable, scientific, literary, educational, and fraternal purposes, which do not provide for the payment of life, sick, accident, or other benefits. Organizations (social clubs), such as national college fraternities, are not what 501(c)(10) refers to. College frats that operate under a lodge system are different from organizations such as the Masons, Moose or Elks clubs that operate under the lodge system and are cover by this section. College frats are exempt under 501(c)(7).
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.
How do you find Rockwell International retirement benefits?
I went to the SEC to find Rockwell headquarters. Their web page has a Q&A about 401K's. The Dept of Labor handles retirement plans. Their address is:
U.S. Department of Labor
Employee Benefits Security Administration
200 Constitution Avenue, NW, Room N5623
Washington, D.C. 20210
Toll-Free: 1-866-444-EBSA (3272)
Phone: (202) 219-8776
Good Luck!
