Variable Annuity Comparison

I have an index S & P 500 annuity maturing soon. When it
matures can I transfer the money to some other non annuity type of retirement account to avoid paying taxes?

My husband is a ironworker and whatever company my husband is working for at the time is required to put money in a annuity for his retirement. I dont know how much but I do know he has been working there for two and a half years going on three. And there is appx. $23,000 it is sitting in a low risk acct. Should we move it up more to invest it better?

He also has a pension of appx. 3-5 thousand dollars a month when he retires.

Should we be investing more of our own money I mean I know that is our money but we really dont see it.

Thank YOU!!!
no that is 23k into the account for the past 2.5yrs so every year at least 10k will be added to the annuity acct. until he retires which will be in 30 yrs. because he is 25yrs old ironworkers can retire at 55

Hello

Last year I lost my transplated kidney and need a second kidney transplant, because I get sick during dialysis I am not able to work. Spent the last 12 years in banking and at the end I was a manger, I never liked banking because of the deceptive ways we were encougraged to sell bank products specially annuities and as a manager I was reprimanded if I did not fill my branch goals ( don’t ever buy annuities from a banker) I have decided to go back to school and study hospital managment and bioethics. I was looking for information on:
1. Grants for school I hope to go to Loyola in Chicago?

2. Grants or help to pay off some credit card bills?

3. I have heard that people get grants to buy farm land don’t know if this is true but would be nice to own a small organic farm.

Thank you for your answers.

I am not too sure how to work out the following question on present value of multiple amounts.

The formula given from a hint is:

Annuity factor(n periods, r %) of $1 =
Present value / annuity amount (see table)

Question:

A dealer offers you financing to purchase a car priced at $11,000. Under the financial plan, you would pay $2,500 now and $2,500 at the end of each year for 5 years.
The finance plan has an implied annual interest rate ( to the nearest percent) of ?

A) 8%
B) 6%
C) 4%
D) 14%

Since they want $2,500 now, it’s going to be something like this…

2,500 + 2,500 * Annuity factor ( annual interest, 4years)

That’s all I can figure out so far…
Could anyone please help me out on this with your working step by step? Or any hints would be appreciated.

Thank you very much.

Thank you.

I HAVE JUST INHERITED A DECENT AMOUNT OF MONEY AND I’AM TRYING TO FIGURE OUT WHAT TO DO WITH IT WITHOUT BLOWING IT. MY LAWYER TOLD ME THAT I COULD INVEST IT IN AN ANNUITY, BUT I DONT KNOW WHAT COMPANY TO USE.

If I were expecting to receive a large amount of money from a family member, or perhaps from a large commission, or even for the sake of argument, won some money in a lottery… how would i structure/invest/defer those monies for the future benefit of my children and I (college/retirement) but do so in a way that my leech of an ex wife never sees a dime? She is already wealthy, though, I have next to nothing for the time being. So if I receive the monies, but invest them, and don’t take any as income, but it is in my name, can she still dip her grubby little paws into it and take a portion? Or as long as I dont receive any annuity payments or take any lump some amounts as income, will I be okay? Also, if I were to take a small amount for a down payment on a home, or to buy a home outright, can Domestic Relations then consider that income, and make me pay her the amount she would have been entitled even if I dont have it anymore from putting it into the house? Would I be responsible for paying that amount when I sold the house, or would I have to pay her then or go to jail.

Please, detailed answers if possible. My ex is a very wealthy women, and still took everything from me. If I have a shot at protecting my future and having the opportunity to contribute to my childrens future, then I want to do it right, and safely, to protect myself. Thank you in advance for your comments and advice!

Assume i only work for 1 year at my company and i also retire in one year time. i contribute 4.1% (gross) into the final salary pension and my earnings are £15,000.

Is this calculation correct for a final salary?

1/60*15,000*1 year = 249.99

is 249.99 the figure i would receive each year after year 1 untill i die and rise in line with inflation?

or, do i opt for the money puchase scheme where my employer match my contritbution of 4.1%. 1 year later:

615+615=1230.

I know i need to use the 1230 from the final salary to purchase an annuity (assume 6%=73.8) which is alot less than the final salary of 249.99. thus, it is best to opt for the final salary?

Thanks
retire in one year one when 65.

we could really use this money to pay our house off!!!

On Fox weekend report. They were discussing the foriegn aid the USA sends out to countries that are either non-friendly or announced enemies of the USA. Their report states there is $20 billion a DAY sent out .
Doing a rough estimate. Taking 365 days a year. Then for any liberal influance. Calculating that the figures were based on working days. So that changes it to
260 days. Muliplying that by $20 billion. It equals $5.2 trillion dollars a year.
Now…Using the total population of the USA according to the US Census Bureau of April 1,2000.
The poulation is 281.5 million people. We will round this up to 282 million.
That is men,women and children who were reported on the last census.
If my calculations are correct. Take the $5.2 trillion dollars (per year) and divide by 282 million comes out $18,500. per year for each “man,woman and child” in the USA.
So lets take out the age group of 0-14 years of age which by the CIA report of USA population is 31.1million male and 29.7 million female. Round that up and add comes out 61 million under the age of 15. Subtract that from 282 million is 221 million people age 15 and up to whatever.
If you figure the annual take of the figure 221 million it comes out to $23,500.per year. This is saying that if the US government would stop sending out foriegn aid ($5.2 trillion per year) and instead giving it to US citizens would give every person over 14 years old man,woman and child rich or poor an annual income of $23,500.
If my memory serves me right there was a report that the top 7% of the US population have more wealth then the lower 93% combined.
7% of 282 million comes out to,almost, 20 million people who would not need an annual income from the government.
That leaves 201 million in the 15′yo/up group. Now the figures shows each one would receive $25,870. per year.
Lets go back to the total population including all of $18,500. per year.
If each person recieved this and for the people under 15 year old had theirs put in an account for them to be received at 15. That comes out to $260,000. for each child to receive at age 15.
Now at a long term annuity. $260,000. would bring in a monthly payout of over $2,500. and never touch the principle. Or another $30,000. per year for these kids. Which now brings their annual take to $48,500. per year.
You can do the math yourself.
Realistically this would not work for anyone. For one …alot of people would quit working or never attempt to get a job.
Hence the industries would fail.No labor.No taxes or far less fewer taxes would be collected. Then the government would not be able to send out the annual income checks.
But on the other hand the govenment would still tax the,say, $23,500. the same
way as if you worked for it. And you would still be paying state and local taxes on what you purchased either goods or services. Which is where this money in the first place is coming from.
And industry would not fail because they are moving our jobs out of the country anyway.
So the USA could quite possibly be a total consumer/welfare society.
In which the wealthy could have their manufacturing plants in 3rd world countries for the cheap labor. The liberal/yuppies could still maintain their “prestigious” jobs. And the bulk of the population could live off their annual government check and have a job(somewhere),to have more,if need be.

I inherited just under $1.2 million and am planning on quitting my job and living on the interest from it. The problem is, I have no idea what investment strategy I should take or where I should begin? I would like to have a small portion invested in high risk to incur some growth over time, but for the most part I am merely looking for a safe annuity.

What is a realistic return I can expect for putting this money away safely. I was thinking even 9% earns over $100k a year which is all I would ever need and I could begin to travel etc.

What would you do, what do you recommend?

I was a widow making a decent annuity from my deceased husband. I make enough where I do not have to work. I have a small autistic child, and I am happy to be able to be with him full time. My new husband will not get a job because I make a pretty decent amount every month. ALTHOUGH since I have met him (and have another mounth to feed) I have been BROKE. I have asked him to get a job, but he won’t. He is so wonderful with my son, I can not imagine he is with me for just my money. I have a small ranch that is more of a hobby than a money maker…I was going to sell it when my last husband died and find a smaller and more reasonable place. My new husband convinced me to stay here and I took my house off the market. So now I still have this huge house, a bunch of livestock and a husband who refuses to work. Am I being an idiot? Should I dump him and go back to my original plan? Or did I marry for richer or poorer…and I should wait it out. uuuggghhh….