Exchanging Annuities Explained
Generally, when you sell one security and you buy another, you pay tax if you have a gain on the security sold. Not so with annuities if exchanged the correct way–the tax can be avoided. In this post you will have the exchange of annuities explained. Many are probably not aware that IRS Section 1035 of the tax code permits [...]
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Annuities Explained – end the confusion
Until annuities are explained, investors may be confused because the identical word is applied to many a variety of financial instruments. This guide will hopefully end your confusion and provde a clear explanation of annuities. Deferred annuities explained: these are term deposits with insurance companies in return for interest. They are similar to certificates involving deposits at the bank. (Notice: [...]
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Variable Annuities Explained and Evaluated
Once you have variable annuities (VAs) explained, you may find that this option deserves a place in your portfolio. VAs give you the option to select from sub-accounts, similar to mutual funds. The rate of return offered by a variable annuity depends on sub-account — stock, bond, or funds you choose and how those investment sectors perform. The company does [...]
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Annuities Explained – Qualified vs. Nonqualified
With annuities explained, you will learn that qualified annuities carry substantially different contribution, withdrawal, and tax rules as compared to non-qualified annuities. The differences involving both types of annuities are explained below. Read on, so you have a better understanding. Non-qualified annuities explained Just like earnings on the life insurance contract are not taxed, so are earnings within an insurance [...]
Safety of Annuities Explained
What exactly is annuity safety and how do you measure it? Annuities are of different sorts and hence it may be difficult to give you a single common annuities definition for safety. The very least we can do to achieve quality is to find out what the synonyms tend to be for the different types of annuities and relate how [...]
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Immediate Annuities Explained
The word “annuity” brings to mind different meanings for many investors. That’s because there are different types of annuities designed for different purposes. One of these is types is immediate annuities, which can provide an immediate stream of cash payments over a lifetime or a defined period of time. Let’s look at immediate annuities explained. Once you have immediate annuities [...]
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Annuities Explained—How to Select the Parties to Your Annuity
You bought your annuity because of its competitive return, tax-deferral, and safety. And you probably spent time with your advisor or annuity agent reviewing several options and having various types of annuities explained. But how much thought did you give as to who should be the “parties” to your annuity. If you’re not sure why you made the choice you [...]
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Medicaid Annuities Explained
There’s no such thing as a Medicaid annuity. Annuities can however help some people shelter assets so that they can get Medicaid benefits. The reader is encouraged to consult an elder care attorney in your local area to understand the laws that apply in your state. Medicaid rules vary from state to state so the following discussion is a general [...]
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Charitable Annuities Explained
Interested in making a sizable gift to charity but at the same time setting up a lifetime income for the remainder of your retirement years? That’s what Charitable Annuities are all about. And the American Council on Gift Annuities (ACGA) has been helping donors find charities for since 1927. Let’s get charitable annuities explained. First, a charitable annuity is a [...]
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Annuities Explained
Annuities are term deposits with insurance companies. They are similar to certificates of deposits at the bank (note: bank deposits are FDIC insured while the issuing insurance company guarantees annuities). There are two types of annuities: fixed and variable. Fixed Annuities Explained Fixed annuities have these general features: • Your principal is guaranteed by the claims-paying ability of the insurance [...]
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