I understand that I must go with the new company they contracted with from this point on but what is the point of transfering my existing money out of the old one if I’m still very happy with their performance? What does my company gain out of this? They have sent out numerous memos telling us to move all assets not subject to surrender charges to the new institution for our 403b retirement funds.
I feel very much like a pawn.
My father-in-law recently passed away. He had an annuity set up for a period of 35yrs. unfortunately he was only able to use it for two years before he passed. He was not married and both of his children are over the age of eighteen and married. With that said, will his children receive a lump sum payment totalling only the 7% of his pay that he contributed over thirty years or will they receive a lump sum payment totalling the amount that was going to be paid out over the remaining 33yrs? The OPM website is a bit confusing and doesn’t seem to lay things out very clearly. Any help would be appreciated.
My childrens father passed away in the line of duty. We were never married, he did marry someone else before his death. My children currently recieve SBP annuity. My children are 8 and 9 years of age. I am their biological mother. My question is can I cash in the annuity to get us a home?
My husband is retired federal employee. We have been married for 20 years. The annuity ahs been paid with me as beneficiery all this time. I ahve also worked but have no retirement plan or insurance because he had a retirement plan.What can I do?
*NOTE* Serious answers only please. If youre just gonna complain at me or tell me to go see a lawyer, please move on. Thank you.
Say a man has a hairy past (who doesn’t). It includes an ex-girlfriend with three teenage children that are all definitely his. The X and kids moved two states away years ago. X brainwashes kids to think Dad is deadbeat. X turns to drugs and welfare. Kids bounce between Dad and X. Dad refuses to pay Child Support, because he knows it will go straight up X’s nose.
Dad has a terrible accident. Dad applies for Social Security Income & or Disability.
Questions:
1. Will SSI or SSD be garnished for back Child Support?
2. If Dad ’signs away’ parental rights to Brainwashed #3 (dont ask, but child is requesting this-lots of issues here), will that also do away with that child’s rights to ANY of Dad’s SSI, SSD, or SS Death Benefits?
3. If Dad ’signs away’ parental rights, does that mean he wont continue to incur Child Support payments?
I read on Social Security’s website that if the child(ren) were to recieve a monthly check from Dad’s benefit, (child’s benefit?) that would count as a support payment.
4. Could Dad place that payment in an annuity or trust for the child to insure it actually goes to the child?
Father has always made an effort to stay in the children’s lives. He may not have always been there physically, but he has always been at least a phone call away. Kids call/visit conveniently on their birthdays, Christmas, etc. to suck up and receive spoiling. They take advantage of him. The two older ones are pretty close to Dad. Unfortunately #3 is not old enough to form its own opinions, and is feeding off of what X tells it. Thus, #3 thinks X’s zillionth boyfriend is a ‘better father’ than Dad. Whatever. Dad and Stepmom are very exasperated and love the kids very much. They only want whats best for the children. They only wish #3 was old enough to see the picture for what it really is, instead of what X keeps feeding to #3.
I am wondering what types of occupations can be obtained if you have these types of license: life ins. license, accident/health or sickness license, property, casualty, personal lines, or variable life & annuities license?
Recently my Dad passed away and I’m trying to help my mom with all the paperwork concerning his death. His employers at the time of death sent over the death benefit forms, but not his life insurance policy, which was through them. We live in Texas..and I was wondering what my mom needed to do in order to obtain the life insurance policy…or if the two were the same..I don’t think it is, but we are both lost as to what a lot of this is. My dad took care of all of this stuff…and now we have to.
So..the basic questions..
where does my mom get the life insurance policy?
Should she call my dad’s employer?
(there was a policy, that we’re 100% sure of)
Are the annuity and death benefits a form of his life insurance?
he worked for the united states postal service, but they sent over all the death benefits stuff, but not the life insurance policy..that’s what is really confusing about the situation.
the Fidelity annuity make money for life to put my retirement money IRA’s into? Good Idea or bad? I am very conservative and don’t want the stress of the crashing stock markets anymore. I just want a safe, at least growing and not loosing place for my money for use when I need it.
I was recently divorced and I’m having deductions from my monthly pension because I elected the SSB, does anyone know the exact percentage that a person has deducted from his/her annuity? (I’m trying to get an idea of how much my pension will increase once I notify OPM of the divorce).
No Percentage? Why did you even bother answering a question you know nothing about? I ALREADY KNOW they are deducting a part of my annuity, I’m trying to determine the percentage.
if i collect my ss retirement at 62, but continue to work, can i reduce my earned income to the required 14,660, by investing earnings over that amount into an annuity pre tax?
Is it a good investment for someone who is retired?
My mother would like to invest $5000. Not sure were…she’s 72…wants monthy dividend with best interest. Thanks all!
Hi all! I’m 29 years old, never been married, no kids, and I’m college educated. I really want to pick a professional work career very soon. I have an Associate’s degree in Computer Information Systems and a Bachelor’s degree in Psychology. I live in Baltimore, MD. One of my major goals in life is to financially retire at age 50. I plan to work until my last day on Earth but I want to have a steady pension and annuity lifetime income always coming into me every month after I hit 50 years old. With the bad economy, I can’t count on Social Security or even a 401k plan. Other than working for the US federal government, I know I can retire as a police officer after 20 years of service. I already have 11 years of commercial security experience under my belt. I’m at a point in my life to where I know I have to make up my mind within the end of next year to figure out what I want to do as a career so I can start out my life and plan for my own retirement. The one thing that keeps me from being a police officer is the danger attached to it, such as getting shot or even killed chasing after losers and criminals. I’m in great health, have CPR/First Aid certification and like to work with others. Here’s my question. Do US police officers get a good lifetime pension and good lifetime health benefits after 20 years of service? Any answers would be appreciated! Thanks!