Is this desirable and possible in all nations?
http://en.wikipedia.org/wiki/Guaranteed_minimum_income
Posts Tagged ‘citizen’
Senior citizen withdrawl from annuity gets 1099-R?
11
Mar
My mother put after-tax dollars in an annuity in 1999. She’s a widow and on SS. She transfered some of the annuity to her savings account. She received a 1099-R indicating that about 90% of the transfer amount is taxable?
Seems that she should only owe taxes on any capital gains portion?
I am a non citizen and have invested in US markets & 401k. will i be able to access investments once i leave?
08
Mar
I have been working in US for last 4 years on H1-B visa and my employment based greencard is in process. I am anticipating a greencard within next 2 years. I have invested in mutual funds and employer 401(k). If I decide to return to my home country in coming years (after my greencard is processed), will I be able to withdraw funds from my US 401(k) and other investments (for example – annuities) when they mature? I understand that to return to my home country, I will have to give up my green card. However, will I still have access to my investments in US? are they any legal/tax issues involved? Or is it benefitial/advisable to just liquidate my investments, take penalty hit and take the money home?
What’s the bes way for a senior citizen to invest?
24
Feb
My mom has $100 to $200 a month that she wants to invest. Her first desire was to buy life insurance, but she is uninsurable due to bad health (really bad). She only gets social security. I know she can’t contribute to IRA because she has to be working, right? So she is looking into money markets or annuities. I want to help her, but I don’t know a lot about this type of thing. She has ruled out CD’s becaus she doesn’t have a lump sum. She wants to put a small sum in each month and get the highest amount of interest. We know that most savings accounts are pathetic as far as interest earned.