CD Type Annuities

My sister has 30K TSA in California and has asked for some help. Do they grow in value over time? How much do they typically pay at retirement?

Any info is appreciated!!

We are about to divorce (he is committing adultery) and I am concerned that my husband does not want me to have any of ‘his’ pension. We have been married for 20 years, 4 children, I gave up my career to look after them, am now 51 , can’t easily get back on the career ladder and have no pension of my own. His pension could be very good, terminal bonuses and 10% GAR. He was considering a joint life annuity, including me as a financial dependent as he will be paying maintenance. But he has heard from Scottish Widows that if he does this he loses the good GAR and he is now unwilling to give me anything. Does anyone know whether Scottish Widows is still likely to pay out god terminal bonuses, despite Gordon Brown and having been demutualised and taken over by Lloyds TSB ? Would he lose his GAR if he were to include me in a joint annuity? How do divorce courts view pensions now ? anything else I should be thinking about? 3 of my children are still at home with me , 2 aged under 16.

American Solutions promotes an idea where you would have an option take the money you typically contribute to social security and invest it in the purchase of annuities. You could cash this annuity out at retirement and get a monthly payment. As an investment, you would likely earn more. You would still have the option of using the current system of putting away for your retirement, but this second option would be different in that you could pass on this investment to your family. The government wouldn’t keep it for extra spending money. Would you do it if it was an option?

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A friend of mine said that my investment “adviser” will make a KILLING on an annuity if I open one up; plus, I have to be in this annuity for something like 8-10 years before (decreased fees or something??) occurs. I’ll be transferring around $260k from another brokerage house to my “adviser.”

This same friend thinks I need to stick with mutual funds… when you compare the two investment vehicles, their difference in total return over the last 12-15 years isn’t that much difference (but that there were tax benefits or something with one or the other).

Any help?

I’m going for early retirement at the end of next month. My TIAA-CREF 403b looks good, but I didn’t really like the looks of an annuity I signed up for. The payments remain the same for lifetime regardless of inflation, so I canceled. I want as little risk as possible that’s why a CD or an IRA look attractive. Any ideas? Suggestion

Since the stock market is so shakey I wouldn’t want to lose my retirement money to the stock market! What are the tax implications and benefits?

I have several annuities and about to sign up for SS. Will income from my annuities reduce my SS?

We have a NEAPA and need some help now. I know it’s like fort knox trying to get into it until it matures but……….. dang….if they can do it for structured settlements I just thought maybe?????

I have about $50,000 in a tax-deferred annuity that earns 8.25% interest. I am allowed to borrow from this as a first time home buyer. I then have to pay 8.25% interest on the loan but I pay it back to myself. Is this smarter then taking out a regular loan? I am 29, and I want to be very secure in retirement.

I had a meeting with and finace agent about geting my retiriment ready and he tried to sell me whole insurance with retirirment I have term insurance right now

Fixed annuities, variable annuities, Simple plans, Roth vs. Traditional IRA’s — I”m looking for an unbiased source of information and comparison

Retirement annuity. When she is 30, Sue starts making annual deposits of $2,000 into a bond fund that pays 8% annual interest compounded continuously. Assuming that her deposits are made as a continuous income flow, how much money will be in her account if she retires at age 55?

The “Fixed” type of annuity, not variable annuities. Any type that say’s “variable” has fees and charges and are expensive. Any “Fixed Type” has no fees or charges. All your money is working from day one and your account is never charged an annual fee.

You will not lose money. You will only make money. With immediate annuities you will get monthly payments for your life or the life of you & your husband or for 10 years or a combination as this.

I have a story to tell. Start here: http://answers.yahoo.com/question/index;_ylt=AhPPOnAqWcZkjOQWCB8bzBXzy6IX?qid=20060915170821AAlTM1c follow all links for full story.

Annuities are misunderstood by everyone including the media & financial advisors. We fully understand annuities now by reading all the details ourselves and then have a professional in annuities answer our questions. I just put $3.9 mil into fixed annuities for my retirement needs.

You should do what I did. Fixed Annuities are for everyone young and old.
Love, RKat
Read and follow all the links to understand my full story and then answer this question.

We want to again that Joe from http://www.jdsannuities.com for all his work and we look forward to working with you in the future.
Derek “High Opportunity Cost”

If you mean that I have to pay fees and charges for the “High Opportunity” to lose another $1.2 million over 8 years.

I want no part of it.

5.10% for 5 yaers & 5.25% for 10 years with no risk of loss is good enouh for me.

I can earn more than this if Index annuities with no risk of loss.

$10,000 a month with $6,560 tax free from my immediate annuities is just what I need.
Susan – I get 5.25% guaranteed for 10 years my $500,000 will be $834,000 then. The 7% you mention is only for 1 year after that you don’t know what you get. If I wanted that type I could have gotten 10.60%. We talked to local agents they did not have all the annuities out there. Joe came up with a great annuity plan and he is a phone call away.