Indexed Annuities are fixed and so would offer a guarantee of principle, while allowing for risk-free gains linked to stock indexes
Posts Tagged ‘year’
My employer announced factory shutdown within a year, should I move my 401k to bonds to save some money?
30
Mar
I was advised by my employer the factory will close within a year. With the stock market falling we are getting big losses in our 401K’s. Would it be wise to adjust our portfolios to bonds and try to save our money? We still have 11 months to go.
This week I bought an immediate annuity, an index annuity and a 10 year rate annuity. Who will follow my lead?
26
Mar
A couple of weeks ago I ask this question
http://answers.yahoo.com/question/index?qid=20060905135601AARhX7H Received many answers and I made an excellent choice.
I must thank http://www.jdsannuities.com and Joe for all his hard work and advice on my annuities selection and purchase. We used his service and made the purchase through him. He handled it all and we thank God that we found him and bless him for a fantastic experience. This is what we did on annuities rest in index stocks. $479,905 got us $5,000 a month for 10 years $913,030 got us $5,000 a month for as long as we both live.Of the $10,000 a month $6,560 is tax free. $500,000 at 5.10% for 5 years will be $641,185 / $500,000 at 5.25% for 10 years will be $834,000. All interest is not taxed unless we take it out. These rates are guaranteed not to change.Next is where our interest we earn depends on a stock market index. $750,000 in a 7 year index annuity/ $750,000 14 year index annuity 10% bonus $75k in account on 1st day.
That is only on the the one that pay’s $5,000 per month for as long as we both live. All the others will grow back to replace it.
What should I do to not be taxed at a higher rate, next year?
24
Mar
I own annuities,CDs, & regular IRAs . I am 73 yrs old and pay the minimum distribution on the IRAs.
The tax relief tax law expires Dec.31,2008 and I expect the rate to jump back to the old rate which I think will be 25% more in 2009.
What is the future value of a 5-year ordinary annuity that promises to pay you $300 each year? The rate of int
23
Mar
What is the future value of a 5-year ordinary annuity that promises to pay you $300 each year? The rate of interest is 7 percent.