CD Type Annuities

I know an annuity is a fixed payment over x amount of years, typically for life. But where does the money come from? I mean do annuity payments come from one’s retirement fund, or where?

This was for injury from a car accident in Illinois. I was once told that a good settlement was 1.5x your medical bills. I’m looking for an “adaptable” estimate like the one above as the amount of injury can vary greatly and the medical bills are a good indication of that.

When one will likely earn long-term gains comparable to the market without any risk of loss, what else could be better in today’s environment?
Net Advisor confuses attributes of EIAs with those of variable annuities. The only potential for loss of principle or previous gains is an insurer’s insolvency. Insurance companies have, and can, go under, but no insurance or annuity policyholder has EVER lost value due to a company failure (anyone with Net’s alleged experience knows why). Other than this virtual impossibility, there is no way to lose value in any fixed annuity.
High fees: Guarantees and illustrations are presented net of fees. The numbers are completely transparent. Commissions aren’t high for a one-time, versus transaction fees in most investments.
Free lunch: The companies credit in such a way as to minimize their risk. Over the last decade, however, many EIAs indexed to the S&P actually outperformed that index for three reasons:
1. They offered a bonus on initial deposit.
2. In years when the S&P lost value, the annuities indexed to it didn’t; they earned 0.
3. Gains credited can’t be lost in future downturns.

I forgot to report a direct rollover (no tax liability, $0) on 16a of IRS Form 1040. Does anyone know how to amend the tax return to reflect this information? I don’t see a line for it on 1040x. Any advice is appreciated. Thanks.
Thanks so much for this response. Will do!

I’ve been divorced more than 12 yrs. In the div. decree I was given 1/2 pension and annuity of ex. He retired Jan 2006. I was entitled to more than $100,000 annuity. His city job knew this and had documentation. They mistakenly gave him my entitlement and when requested to return it, he refused and got an attorney. He lost.

Now, my attorney (person not responsible for my win) was handling a case for me against the city. I’ve felt that he has been less than honest. On 3/19/07, a status conference was held, as a result of a conference between my attorney and my ex’s atty, and the city’s atty in Dec. 06, and the outcome was to withhold the money mistakenly given to my ex., pending outcome of a decision in family court. He lost in that decision.
No attys except mine were in the ct room on 3/19/07 and he claimed not to know why. I found out from the clerk that my atty called the ct on Friday claiming that a settlement was reached. I never agreed to a settlement. What do I do

a) the owner can eventually annuitize a certain minimum guaranteed income base regardless of how poorly the owner’s investment choices perform

b)the owner can make withdrawals free of surrender charges if the owner needs long-term care

c)once payouts begin, no payment will ever be less than a specified percentage of the first payment

d) the owner will receive at least a return of principal, in a lump sum, after a specified waiting period

a. 1 Payment Hence
b. 1 Payment Thereoff
c. 1 Payment Then

someone told they have an annuity with some company that gave them a small percentage of what they invested. has anyone heard of this? if so, what company or companies do that?

I currently have a $300,000 Adjustable Life Insurance policy and want to convert it to a $300,000 20 Year Term. Can I do this or will I have to surrender the policy and start a new policy? I checked my life policy and there is nothing mentioned about any type of conversion. Just curious about everyone’s thoughts.

stream. anuities? bonds? she would like to leave it to hiers, also.

Product Description
This lecture is designed for financial professionals and for those of you who are preparing for Health and Life Insurance License Exam. An equity-indexed annuity (EIA) is generally believed to be a fixed deferred annuity that credits earnings based on the movement in an equity index but yet guarantees a certain minimum return. This lecture covers the following topics: equity-indexed annuity; advantages and disadvantages; how does the indexing work; typical EIA contract features; cap rate; death benefit; fees and expenses; indexing methods; maximum issue ages; minimum guaranteed interest rate; minimum premiums; partial withdrawal provisions; participation rate; policy loans; policy term; settlement options; surr… More >>

Equity-indexed Annuities

I would appreciate any advice (legal or otherwise “informed”) as to what to do if I feel I’ve been threatened to be terminated or demoted based on a recently revealed disability.

I’ll try my best to keep this as simple as possible, but a little back story is needed to really address the specifics…(I’ll break down the important parts).

My Disability…
About 5 months ago I started to suffer from prolonged aching and sometimes debilitating pain in my joints and occasional acute pain in my chest and back. I’m a 24, athletic, and in otherwise good health so after enduring this for months I finally made an appt. with a rheumatologist and have since been diagnosed with an autoimmune connective tissue disease. There is no known cure for the family of autoimmune diseases and relatively scarce knowledge even for it’s causes. It is essentially a chronic “pain management” disease, through various NSAIDs and immune suppressing drugs.

My Job…
I have been working in retail for the same company off and on for 7 (almost years now, at various store locations–part-time in high school and full-time through college and at the present. I am a stock manager and have held that position at 3 different stores for a total of about 3 years. So my experience and knowledge of my position and it’s responsibilities are well known to me by now, and up until this recent diagnosis, have been well within my physical capacity. (and while I feel it should be noted, that my mental capacity far exceeds the requirements of the job, there are unfortunately no bonus points or rewards for intellect in retail…we go by a “follow the program” and look pretty policy) lol

The (possible?) discrimination…
Though the company I work for is no stranger to VERY public discrimination suits and (massive) consequential settlements, I’ll withhold from naming names (for my sake as a current employee at this point). So the quick and dirty version of why I feel discriminated against or threatened goes like this…

I went to my store manager with the details of my medical issue and the limitations it may cause in the immediate and foreseeable future, and I asked for understanding and whether I could re-structure my work schedule to come in earlier to avoid having to work through the more painful evening/night hours. I thought this was a pretty reasonable and rational request due to the fact that I can’t escape the daily aches, and want to keep my job despite that. I just wanted to avoid the worst of it. …. While he was empathetic, he really had no say in whether the work schedule would be approved by our district manager. Soooo…. On my DM’s weekly visit I explained the same issue I was having and same request, but he was almost dismissive about it and without giving an absolute yes or no, went into “how my position REQUIRES that I be present for the hours of 1-10pm. And that my necessary duties as stock mgr. won’t be able to be covered by anyone else.” Since that first discussion, he’s asked about specifics of my condition (in a challenging it’s legitimacy kind of way), and has still maintained his position that I really have no choice but to work these hours. Finally, yesterday the straw that broke the camel’s back, was when he finally suggested that if my condition will limit my capability to handle my position then they would have to find a replacement and/or demote me to a part-time employee!!

Now I’m no civil rights expert, but even knowing nothing about law I was pretty stunned that he would even say that to me! My response was, “…um…wouldn’t that be considered discrimination based on disability…?? Since I’ve been in this position and proven my capability up until this recent diagnosis, shouldn’t I be warranted some kind of fair accommodations under the circumstances?? ” and his response (in a slightly defensive tone) was, “well, I can’t really say…. you’ll just have to call (some HR entity–can’t remember the name) … and they can tell you if you have the right to ask for those hours….”

and that was that.

What makes me nervous is his recent persitance about my performance and basically riding me about every little thing, and even telling my store manager to terminate me on the spot if I question any specific task I’m asked to do. I feel like I’m really being singled out, especially considering, upon a recent visit our Regional Mgr’s (DM’s boss) only positive remarks on our audit and store ops were about how strong the organization and maintenance was and personally thanked me for my stockroom on her way out. (RM’s aren’t prone to dolling out individual praise, especially all the way down the food chain) so I felt at least a little vindicated. I was starting to wonder whether I was delusional about how well I do my job!

Anyway… I don’t even know if this qualifies as a “yahoo question”, but I am so stressed that I might lose my job for a bogus reason because my boss doesn’t want to deal w
kagerousan: I appreciate the advice, and I realize the logistics of hearsay… but if the store mgr and other assitant mgrs can attest to his (the district mgr) position on this, does that count for anything?

I’ve only begun to look into all this tonight so my knowledge is limited, but I think I get the basics of “at-will” employment (which I am), but if a medical condition deems you impaired under the disability act, it sounds like there is an exemption from the at-will termination…??

I just doubt I’ll catch him so blatantly (and so stupidly) giving me that ultimatum again… since I called him out on it right away…. bummer.

where’s the damn iphone app for catching your boss making discriminatory statements, when ya need one?!