Normally, the annuity pays one monthly benefit amount. But if you ever need long-term care, the annuity starts paying out a higher monthly benefit that’s a multiple of the premiums you’ve paid. “You put money in and it earns a fixed interest rate, but if you need to draw on it ...
if you chose a Roth IRA, you’re tax situation would not change because you’d have funded it with after-tax dollars. If you had choose an annuity, there may be fees and other taxes which would reduce your earnings. Every option would have its own impact on...
With the “fiscal cliff” tax hikes on the way, the Chicago-area millionaire wanted to get the money out of her accounts by the end of the year, lest the federal government take the lion’s share in the form of estate taxes. The widow is not the only client of Roeser’s concerned ...
deriving an annuity or income with debt repaid on death to help pay for daily necessities and for help around the home including basic domiciliary care costs, with the state as regulator. The first product deals with the problem of high premiums paid for out of pension income, which individual...
This approach could avoid a high withdrawal rate on your invested assets. It’d also mean not spending so much on an annuity. That could leave more of your estate intact. Your family home Typically your largest asset, equity in your home may be required to self-fund your care. ...
88. The machine of claim 82, wherein the security is a variable annuity. 89. A machine for producing an illustration of a life insurance policy repaying an amount of a mortgage, the machine comprising: a digital electrical computer programmed to receive an amount of a mortgage and to el...
If someone has major gains in an old annuity they can exchange them for an LTC annuity and if the benfit is paid as an LTC expense never have to pay taxes on the gains. Yes hybrid policies are more involved than a DIA but provide better benefits.That is why I added a hybrid LTC ...