RSS
 

Posts Tagged ‘possible’

Not enough “trust but verify” or CYA done before friends marriage, now finding possible bigamy ,other lies.

03 May

Man stated he had been married before, caught wife with some one else, divorced her.- turns out he was defendant.Other statements made did not compute..Caught him in big lie with me-not mentioned to my friend- so quietly did some checking ..
Has assured my friend if he were to die first- does have verified heart condition, she would be “well taken care of ”
In the divorce decree from first wife, states husband is to maintain term life insurance policies currently in place..company paid… with the daughter of this marriage named as beneficiary on these two and on a universal life the daughter is to have upon 21st birthday..
Another marriage is on record after this decree and before marriage to my friend..no record of a divorce -at least in home state.
So because of this court order , he would not have ability to re-assign insurance to my friend -correct ?
Also if their marriage not legal, then of course, she would not receive an annuity as his widow ?
Other lies ????
Agree, my g.dau`s beneficeries on policy that has nothing to do with my partner and our personal arrangemeents.

This person`s history he brought to the marriage is developing hole`s big enough to drive a Mac thruck thru..obvious not just to me, but other friends who care for this woman too..borrowing money she is not aware of, finance matter not taken care of…lies about place of employment for 20+yrs and why “retired/disabled ” now.
He brought very little to this marriage;an outstanding personality and lots of charm !
As to why my concern ? She and I worked together on projects off and on 10yrs+ and over time became friends and part of each other`s family and continue to do so. FYI She has stated that she knows all is not right and that any materiael I discover, file away until she asks for the documents.
Other friends are distancing themselves after a burn or emberassment by this man or possibility of being caught up in his schemes !
Not a will…divorce decree named daughter
beneficiary…that is NOT the problem, but that fact is just another lie he has told.\
No, she did not marry him for insurance, had been single a number of years, by choice-but seems she maried a man who does not exist !

 
2 Comments

Posted in Uncategorized

 

is it possible to secure a loan using an annuity for collateral?

08 Apr

I want to buy a house (my first) and I would like to use some of my 403 funds for it

 
2 Comments

Posted in Uncategorized

 

Is it possible to borrow against a retirement annuity?

24 Mar
 
2 Comments

Posted in Uncategorized

 

Is it possible to borrow against a retirement annuity?

24 Mar
 
2 Comments

Posted in Uncategorized

 

Is it possible to get a section 8 voucher for my current apartment?

04 Mar

I have lived in this unit since 1979 but am now retired and 60 years of age. Rent is $1200 but my retirement anuity check is less than $2000.

 
8 Comments

Posted in Uncategorized

 

Have to do a 100 economic problems!Need help with some please!As much info as possible is really appreciated!?

03 Mar

Have to do a 100 economic problems!Need help with some please!As much info as possible is really appreciated!?
(Find all dollar amounts correct to the nearest cent. When an interest rate is requested as an answer, express the rate as a percentage, correct to two decimals)
1. If you borrow $3,000 at 14% simple interest for 10months, how much will you owe in 10months? How much interest will you pay?
2. Grandparents deposited $6,000 into a grandchild’s account toward a college education. How much money (to the nearest dollar) will be in the account 17years from now if the account earns 7% compounded monthly?
3. A $10,000 retirement account is left to earn interest at 7% compunded daily How much money will be in the account 40years from now when the owner reaches 65? (use a 365 day year and round answer to thenearest dollar.)
4. What is the value of an ordinary annuity at the end of 8years if $400 per month is deposited into an account earning 7.2% compounded monthly? How much of this value is interest?
5. A loan of $2,500 was repaid at the end of 10months with a check for $2,812.50. What annual rate of interest was charged?
6. You have $2,500 toward the purchase of a boat that will cost $3,000. How long will it take the $2,500 to grow into $3,000 if it is invested at 9% compounded quarterly? (round up to the next higher quarter if not exact.)
7. If you borrow $4,000 from an online lending firm for the purchase of a computer and agree to repay it in 48 equal installments at 0.9% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid?
8. A company decides to establish a sinking fund to replace a piece of equipment in 6yrs at an estimated cost of $50,000. To accomplish this, they decide to make fixed monthly payments into an account that pays 6.12%compounded monthly. How much should each payment be?
9. A business borrows $80,000 at 9.42% interest compounded monthly for 8years.
(A) What is the monthly payment?
(B) What is the unpaid balance at the end of the first year?
(C) How much interest was paid during the first year?

THANK YOU SO MUCH FOR ANY HELP YOU CAN PROVIDE! :)

 
1 Comment

Posted in Uncategorized

 

Is it possible to roll an annuity into an employee sponsered 401K? Or can I roll the annuity into an IRA?

02 Mar

The amount of the annuity is around $40,000.

 
3 Comments

Posted in Uncategorized

 

I just saw a commecial for JG Wentworth, is this possible?

02 Mar

ok, this company JJ or JG Wentworth says they will pay all proceeds upfront…does this include Lottery winnings?

If it does, then will it be to my benefit not get the lump sum payment because CA will take 50% if I do. Now I just go to JG and offer him 25% if he gives me the lump sum?

now, i get 75% now! and JG gets 25% extra!!

is there something wrong here?

 

Is it possible to roll over my annuity?

27 Feb

I entered into an annuity not really knowing what is was. The agent has mislead me and outright lied to me about certain details. IT is a two tiered annuity. IT is my life savings and would not have taken this out if he had told me the truth about it. I have found out since that others have been “taken for a ride” as well and there is an ongoing lawsuit against Allianz, they said I should have read the policy. This is hanging over my head and need some help!! I am single female 56.

 
4 Comments

Posted in Uncategorized

 

Other than early surrender, is it possible to loose money on “equity indexed annuity”?

21 Feb
 
2 Comments

Posted in Uncategorized

 

Is it possible to rollover the $ from an insurance anuity to a 403 b acount without penalty?

19 Feb

I want to chg from this insurance anuity to term insurance and then invest the extra $. The anuity has so many fees that I feel that I am not getting good return on my investment. I know once get out I will pay a penalty from them and perhaps from the IRS. But if I could roll it over into a 403 b accounts perhaps I could escape the IRS fees.

 
3 Comments

Posted in Uncategorized