Date : March 8th, 2010Category : UncategorizedAuthor : Editor2 Comments
Here is the deal. We have a future son in law who was in an accident and was awarded a settlement some years ago. Part of the money is in an annuity, part in a CD. The money in the CD, because his name is on it, keeps him from being eligible for any financial aid even though his parents only make about $40000 annualy and have two other children in college. If it were not for this CD he would have received 21stCentury scolarship, some various grants, and scholarships he was awarded for athletics. So the real question is, how do you shelter, or hide if you like, this money so he isn’t forced to use it for school and not have to put it into an annuity?
The CD is only $10,000 dollars and would barely pay for the first year of college, leaving him with huge student loans to pay in the end. Not to mention, why should he be penalized for receiving a settlement due to faulty craftsmanship that almost killed him? And unless you paid for your education completely you can’t throw stones. Nor did I ask for moral advice here.
Date : March 6th, 2010Category : UncategorizedAuthor : Editor1 Comment
HELP pass SERIES 6 EXAM – regarding the investments / annuitites/ retirement area..I am preparing and studing for the SERIES 6 EXAM. Need any suggestions..advice to pass the EXAM please. I have read the material (over & over) and have ordered 4 seperate study books as well as online exams & tutorial ..but the subject(s) in the SERIES 6 seems hard to comprehend. ( like learning a foreign language )
Please need HELP PASSING THE SERIES 6. when i earn a 80% on the at home tutorial exam then i will attempt the real SERIES 6 exam just need a 70 to pass. Anyone passed it the 1st time..how many times before you passed? THANK YOU for anyof you kind advice..recommendations.. please enlighten me. Thanks again!!
Date : March 5th, 2010Category : UncategorizedAuthor : Editor6 Comments
Ok. I have a delima. Im putting my business out there so you all can help me. I have a structured settlement from a dog bite, anyway.. the payoffs are 5k 10k 10k 15k 15k 21k 27k every three years. I already got the first three and i am due the 15k next aug. Now i want to go to one of those places so i can get my money now and the said that they can cut me a check for 39k right now. I want to take the money and run so i can pay off some bills and buy a house, but i dont know what i should do. Should i take the money pay off some bills buy a house, or wait for the payments to come over the years. I know i would loose like 19 grand but i would have the money now. Im stuck
oops…. I added one to many payments. Take back one of the 15k payments
Date : March 4th, 2010Category : UncategorizedAuthor : Editor3 Comments
Thank you for your prompt responses. I should have added more details so you’ll know what I mean. I was rear-ended on the freeway in Chicago last Spring ‘08. The driver of the other car immediately assumed responsiblity and his (out of state) insurance company issued a check for $3,500 to be released of futher involvement (it was very minor; only bumper damage). On the stub attached to the check the description only reads “Bodily Injury Payment-Auto”…….I was up late completing my taxes and remembered this incident and didn;t want it to haunt me later. I searched the web fir answers (even the IRS) and the answer are the same as yours (basically)………..thanks.
Date : February 19th, 2010Category : UncategorizedAuthor : Editor6 Comments
Has anyone ever dealt with these companies that claim to pay you your settlement in advance if you have a lawsuit pending, if so what’s the real deal, what do they really want from you?
Date : February 19th, 2010Category : UncategorizedAuthor : Editor1 Comment
I’m trying to get the present value of interest on a bond.
face value is 500,000, interest is 12% for five years paid semi annually.
Using an ordinary annuity table I get 7.3601 as the factor, but for the life of me I cannot remember how to use a financial calculator to solve this problem. Can you tell me what keys I should use to answer problems like this?
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