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But what should you do with the money you've accumulated in your 401(k) or IRA dollars once you retire? That's a key question, one I deal with frequently as a financial planner. After all, you'll want the cash to last the rest of your life...Once you'
Is it possible to avoid taking the required minimum distribution, or RMD, past age 70½ from pretax retirement savings by using the funds to buy some kind of tax-deferred annuity?...Answer: Jeffrey Levine, CPA, and an IRA technical consultant with Ed
March 20, 2013 Companies are licking their chops at the prospect of a wave of baby boomers leaving their jobs with trillions of dollars in 401(k)s and other savings accounts, so older Americans may find themselves bombarded with ads for annuities.
One advisor was quoted as saying "you have to take a look as to whether the cost is going to be prohibitive." The story also reported that the costs were too rich for wealth management company Raymond James Financial, which places a fee limit of 2.35
The Sacramento Bee This week, our two new "Ask the Experts" panelists, certified financial planner Kimberly Foss and estate planning attorney Carlena Tapella, handle questions. I have a variable annuity with a major insurance company, which has
In the Matter of Joseph Mahmud, Respondent (AWC 20110285563, March 12, 2013)...March 14, 2013, Mahmud: had filed for a Chapter 7 Bankruptcy on September 1, 2010 (still indicated as pending) ;and was discharged by JP Morgan Chase Bank on June 17, 2011.
A variable annuity is an investment contract with an insurance company where you invest money into your choice of a variety of sub-accounts. Sub-accounts are similar to mutual funds, where money from a large number of investors is pooled and invested
Now, some employers are offering an annuity within their 401(k) that protects your savings in the years before retirement and guarantees lifetime income after you've retired.
Customers who hold policies invested in a conventional or unitised with-profits funds from MGM, or a Flexible Income Annuity will receive a share. Some 15,200 eligible members, will receive an average of about £592 each, estimates suggest. It will
Funds manager Challenger Limited has posted a normalised net profit of $149 million for the six months to end-December, a 17 per cent increase over the same time last year. Challenger pointed to fast-paced growth in sales of annuity products which