for generating higher amount of money for immediate spending.
Posts Tagged ‘Deposit’
Where can a person start investing into an IRA that doesn’t require a lot of money for the initial deposit?
07
May
A friend works part time, her husband full time. Her employer does not offer a retirement plan, her husband is in his 401k plan. She wants to start investing some of her money to a retirement plan but does not have any money to initially deposit. Is it even possible for her to start an IRA? Are there better options for her to invest into? She wants to put in $25/ month electronically by AHC so she feels she is contributing to their retirement as well. As my husband and I both invest into our employer 401k programs, I did not have an answer for her and was hoping someone here would! She is 36 years old and was looking for something that would compound some off of her $300/year investment. Thanks!
Does anyone know if a license is required to sell certificates of deposit in FL?
12
Apr
I work in a call center for an insurance company that sells financial products such as annuities and certificates of deposit. We are being asked to “pre-sell” the CD’s even though we aren’t licensed insurance agents. We’ve been instructed to calculate APY’s on large sums of money, provide the terms of the CD’s, etc. None of us have been offered any training nor do we have financial backgrounds. Is this legal?
Yes there is a licensed insurance agent in our place of business. My question is: Is it legal to require an unlicensed person to answer specific questions regarding investing in a CD? My understanding of my job is that when a caller rings up, I’m to get their name and number, and pass it along to the licensed agent who can answer their detailed questions. I know nothing about rolling an IRA over into a CD, if the person is paid monthly or at maturity, etc. The catch is: This company is offering promo rate CD’s as a bait to entice consumers. Once they have an interested party in their office, they switch and try to sell them an annuity or other product. The agent doesn’t get paid one dime to sell a CD; his commission comes off the annuities.
And yes, I have been looking for another job for quite some time now.
What annuity to deposit money in?
30
Mar
I am getting ready to retire and have money in a Thrift Savings Plan that I would like to put into and annuity that will pay $500 a month. What are some options that I might look at?
Retirement Plans & Investments : About Ira Deposit Rates
17
Nov
IRA, or individual retirement account, rates can vary depending on whether the account is qualified or non-qualified, where the IRA is located and whether the IRA is tied to the market. Discuss IRA…
Is There Govt Or Bank Scheme For Annuity Payment Of One Time Deposit By A Retiree So That Entire Amount Ispaid
14
Sep
the principal and interest should be paid out fully on due date