I want to provide a steady monthly income for my wife. I have 150,000 plus to start with but can add $2000 per month if it is possible. The problem I face is that I am 79 years old (30...
Question: I have an option to begin a pension payout at age 55 or at age 60. At 55, I would receive $300 a month for life or at 60 $400 a month. I will not receive more than $400...
QUESTION: What is the fairest way to compare funds in a tax-deferred annuity with a taxable fund? How to best figure out if the better performing taxable fund produces a higher net return than the annuity fund with it's tax-deferred...
Question What are the tax ramifications on a 1 million dollar annuity which has accrued 250,000 dollars interest in the last 5 years, has no penalty clause( for withdrawal), and the proceeds will go to 5 heirs(children) in the form...
Question: I don't consider myself in the "investor" class, though I do have an IRA and a CD. When I got divorced in the mid-90's, I got a fixed (can't go below 3%) annuity (QUADROPRO) or whatever it's called, with...
QUESTION: In September 2008 my wife (66 years old) and I (65 years old) each purchased $6K CD's within Roth IRA's. Afterward I learned that our joint income in 2008 would exceed the limit for Roth IRA's. In December 2008...
Question Have an upper 5 figure amount to invest and have a couple of options: 1) Add to a 2 year CD with 18 months to go at 3% compounded quarterly, OR 2) Add to an existing annuity. We think...
Question: I am 70 years old and considering investing my IRA in an annuity. I am concerned about fees and understand there are surrender charges if I withdraw money in the first eight years. The annuity company is promising a...
I am 55 and retiring with over 30 years of service from a large local company. I have the option of taking a lump sum or a monthly annuity. Normally I would lean toward the lump sum, but with the...
Question We are interested in knowing the pros/cons of investing in "Index Annuities'" Please respond. Thank you for your help....
The entry below is posted on behalf of Lynn Lawrance, CFP: Question: I would like information on immediate annuities. How is the payout determined? Do interest rates have any bearing on the payout? If I purchase the annuity, I will...
I went to a "Dinner" presentation given by a financial planner that hyped on capital preservation. Anyway, the planner stated that if we invested $100,000 for 16 years in a fixed index annuity with American Equity, we would get $15,000...
Question: I will be retiring soon and am tossed between taking an annuity (not indexed for inflation) or a lump sum and rolling it over into an IRA. With the economy the way it is now, a guaranteed annuity seems...
Question: I have an AIG annuity. Should I hold on to it, or cash it in? I received a notice of interest credited for the fouth quarter, 2008. Encouraging! K. Little Click Below for Answer...
Hello: How does one move his managed IRA portfolio out and over to the couch potato investments? Is there a tax penalty involved in this transfer? Also, in this economy, which is better, a fixed or a variable annuity? Thank...
Question: I would like to ask you a question about my personal investments. I currently invest 14% of my pretax salary in my 401K. My company matches $0.75 on the dollar up to 6%. I also have some pretax investments...
Question: My wife and I recently retired. I opted for a lump sum from TRS. Made a roll-over to USAA Investment Management Company. At this time I would like to invest $45,000 into an extended guarantee fixed annuity of 5...
Question: Several years ago, we put our savings in a variable annuity, which turned out to be a bad investment. The annuity matures next year, and we need advice on what to do. Must we reinvest it for a period...
Question: I'm 72 years old, and my wife is 69. We are retired. We live mainly on my pension and Social Security but do draw on my IRA to make up the shortfall. We draw about $1,800 per month to...
Question: I have a life annuity with MetLife. Is this insured by FDIC or any other type of insurance? Robert Click below for answer...
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