A lump sum distribution from a tax-qualified defined benefit or 401k, or an IRA account.Why should I consider buying an Immediate Annuity? What are its advantages to me?An immediate annuity comes with many impo
I was wondering if we can buy a longevity annuity that would start paying when the first of us dies and go on paying until the second person dies. I know we could each buy a longevity annuity which pays if each of us is alive. But we won't need the annuity income when we are ...
Americans typically spend more than what they need to in order to live a comfortable lifestyle and far more than what they would need to if they were “living in poverty”. When cutting your expenses to low levels, it’s possible to become more immune to economic factors that are out of...
When a person dies without a will, he is said to have died intestate. Anintestate estateis also one where the will presented to the court has been deemed to be invalid. The probate process for an intestate estate includes distributing the decedent’s assets according to state laws. If a d...
I am receiving severance from previous employer, and will max out my contribution when I receive it. I contacted my new employer in an effort to get them to NOT take out FICA, but they told me they HAD to. Thus, I will be paying too much. How do I resolve this now, or do I ha...
I am receiving severance from previous employer, and will max out my contribution when I receive it. I contacted my new employer in an effort to get them to NOT take out FICA, but they told me they HAD to. Thus, I will be paying too much. How do I resolve this now, or do I ha...
You can schedule your income to be received monthly, quarterly, or annually.An immediate annuity purchase typically is irrevocable. When calculating an immediate annuity quote the insurance company actuaries consider your age and gender. The older you are, the higher your annuity income will be. ...