| (Published: Sat, Jul 1, 2006 22:50:34) |
| What is a tax-sheltered annuity? |
A tax-sheltered annuity is a retirement savings program limited to public educational institution employees and members of non-profit organizations. The part |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What is a lifetime annuity? |
| A lifetime annuity is a type of immediate annuity where, upon investing, you automatically receive guaranteed income payments for the rest of your life. The inc |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| Is an annuity identical to an IRA? |
An annuity cannot be identical to an IRA (internal revenue allotment) but may be used to fund one.
Many annuities are classified |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| Are beneficiaries taxed on the interest accumulated inside the annuity? |
Beneficiaries will be taxed on the tax-deferred interest that has been accumulated inside the annuity, provided that they have received the money. But if an |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What are the different types of annuities? |
There are generally two different types of annuities. On a very basic level they are 1) a fixed annuity and 2) a variable annuity.
Fixed annui |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| Is an annuity safe? |
| An annuity account is generally safe, but there are circumstances you need to consider. Make sure that your account is insured by the highest-rated insurers, in |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What is the difference between a fixed annuity and a variable annuity? |
| Fixed annuities are investments in government securities and corporate bonds. They are offered at a fixed or guaranteed rate, usually over a period of one |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What are deferred and immediate annuities? |
A deferred annuity is a pay-out plan offered to investors who are willing to receive payments at some later date, usually at the retirement of the investor. |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What is a tax-deferred annuity? |
| A tax-deferred annuity allows you not to pay taxes until you make a withdrawal or until you start receiving annuity payments. Having a tax-deferred annuity perm |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What are the advantages of annuities? |
There are three principal advantages to an annuity:
1. Tax-deferred accumulation. This allows you to set aside the funds that you pay into the a |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What are my annuity pay-out options? |
Most annuities offer several pay-out options to investors. The following are some of the typical options offered by annuity assurance companies:
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| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What are annuity surrender fees? |
| Surrender fees are fees imposed by the insurance company on investors who withdraw their investments from the annuity account or cancel the annuity after they h |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| How do you find a good annuity broker? |
There are many annuity brokers plying the insurance industry, hoping that they can attract clients who are willing to invest their money in some of |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| How are annuities different from life insurance? |
With a life insurance policy, you invest in order to give your beneficiaries or dependents income when you pass away, as a part of your estate planning. With |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| How much should I invest in an annuity? |
| The amount of money that you invest in an annuity will depend largely on your capability to pay the premiums offered by the assurance company. Things to conside |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| How will I receive my annuity payments? |
| There are several pay-out methods available when you begin receiving annuity payments. With some options, you or your beneficiaries can select how you want to b |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| How often should I review my annuity portfolio? |
As much as possible, you should check your annuity portfolio regularly at least once or twice a year. Most of the records of the investors purchasing annuity |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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| (Published: Sat, Jul 1, 2006 22:50:34) |
| What if I lose my annuity policy? |
If you are notified by the company that you have lost your annuity policy, immediately report to their office and find out the cause of your loss. Talk |
| Author: Ammon Yorke |
| Category: Finance - Annuity Questions |
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