ALL >> Investing---Finance
Archived Articles about Investing/Finance
Understanding Student Loans By: Salahuddin Hairai
It is important to receive an education, but going to college is a plan that's pondered on because of the expenses. Financial aid is obtainable to students who cannot afford a school education because of low income.(read entire article)(posted on: 2010-12-23)
View : 164 Times
Getting Back To Work - The Sc Unemployment Site By: Bennett Clinton
The state of South Carolina has initiated a novel idea of providing job security to unemployed people by publishing a website dedicated to SC unemployment.(read entire article)(posted on: 2010-12-23)
View : 255 Times
Annuity - A Big Financial Backup For Retirees By: Simon Cronje
If you are planning for long-term savings, an annuity can be one of the perfect investment options. Well, its almost akin to an insurance policy. In case of an insurance policy, you pay a premium on a monthly basis. Now, if you suffer any damage caused to your property, you get an assurance for getting your money back from the insurer as an alternative to the loss that you have been subjected to. On the other hand, annuities help you to make periodic payments. The payment however can be meant for any insurance company or a financial institution. The annuity payment which you receive solely depends on two important factors - the amount you pay off each period and the number of years.
There are various factors to consider, prior to buying annuities. Your initial concern should be to look for a good and reliable insurer. He will be the principle person who will look after your annuity. If you wish, you can contact a financial institution for enjoying the benefit. For gathering information on annuities rates, you often run to and fro for finding reliable agents. However, you can easily visit the sites and get to know who is the best in business. Its always recommended that you contact an agent so that you come to know of the pros and cons of various annuity policies and schemes.
There are two types of annuities – Fixed and Variable. For a Fixed annuity, your insurance company ensures you of good interest rates. This rather helps your account to experience a steady growth. Besides, you gain the advantage of periodic payments. As far as duration of these periodic payments is concerned, its valid only for a particular period of time. The time period might be twenty years or entire lifetime. In case of a variable annuity, you can always invest your purchase payments out of certain investment options like mutual funds.
A deferred annuity is a sort of of long term personal retirement account. Its primary concern is to boost up your assets. Moreover, it assures for a steady income post retirement. Now, there are two types of deferred annuity: CD-type deferred and Annually Renewable deferred types.
CD-type deferred – It is one of the fixed annuities rates where the guarantee period for interest rate becomes equivalent to the surrender penalty period. For instance, if you purchase a seven-year CD-type deferred scheme, you are bound to get the stated interest rate for all the seven years, provided you hold the contract for seven years.
Annually Renewable deferred – It is a conventional fixed-rate deferred scheme for annuities. It is also known as annually renewable deferred annuity. Every year, the insurance company resets the interest rate.
With immediate annuities, you get regular monthly payments as soon as you deposit your money with the insurance company. For immediate annuities, the rates are quoted in a completely different format unlike like the one in case of deferred ones. So by now, you must have got a fair idea on annuities and its benefits. To know more, visit the net and accordingly go for your suitable option.(read entire article)(posted on: 2010-12-23)
View : 105 Times
Advantages Of Purchasing An Immediate Annuity By: Simon Cronje
Investing into annuity is a great option to secure a solid financial future in the post retirement phase. Annuities are of a variety of types to suit the diverse needs of different persons, so the interested individuals are endowed with many an option to take their picks from. Immediate annuity is one such option that benefits the investors a lot. Unlike the deferred annuities, the investors do not have to wait long to receive payment in case of the immediate annuities.
Though the insurance companies make immediate payment but they offer lower rate of interest as compared to deferred annuity. In spite of non-impressive rate of interest, immediate annuity is a favorite with many due to several benefits it offers.
This type of annuity is an ideal investment for those who have won an eye-popping amount of money in a lottery or inherited a goodly bulk recently. In such a case, a person often fritters away money for petty purposes and at the end has almost nothing to support himself. But the wise ones act prudently so that they can reap benefits from this sudden windfall over a long period of time. Selecting the immediate annuity to invest into reflects their prudence. But this annuity not only benefits those who have gained a large sum of money but is also beneficial for those who are not expert at money management. Immediate annuity is of two types – fixed annuity and variable annuity. The majority of the investors avoid the variable type and prefer the fixed one. The reason behind such a fascination is the fixed type provides the investors with an assurance of specified monthly payment. The concrete guarantee of earning a fixed income per month helps the investors plan their monthly budget. Some prefer variable immediate annuity though it is a risky proposition to invest into. The prime advantage of the variably annuity is that the investors stand to gain a lot in the event of rising rate of interest.
Apart from instant payment, immediate annuity has many more to offer for the investors. They are free to make selection from the options of life-long payment or payment for a defined length of time. Whatever be your choice, this annuity provides you with a solid source of income that you can surely depends on for smooth sailing in future. Apart from security, simplicity is another feature to go for immediate annuity. There is no requirement for the investors to mange a portfolio. As there is no option of payment deferment, so one can receive payment immediately after purchasing the annuity. It is also possible for you to decide if you want to receive the payment monthly, quarterly or twice a year, whatever suits your financial goals. Moreover, with help of an annuity calculator, you can easily learn how much you will get from a particular annuity even before signing a deal.
Prior to purchasing annuity, one should talk with different companies about the types of immediate annuities and corresponding interest rates. If you can ensure about getting multiple immediate annuity quotes, it will help you choose the best deal subject to your needs.(read entire article)(posted on: 2010-12-23)
View : 159 Times
Bad Credit Mortgage Refinance By: Charles Wilson
Acquiring a mortgage refinance loans with bad credit seems not to be so easy. But through "Home Affordable Refinance Program" also know as (HARP), a part of Obama's stimulus package backed "Making Home Affordable" plan, propose some hope for struggling homeowners who are in need mortgage relief.(read entire article)(posted on: 2010-12-23)
View : 217 Times
Know More About Tax Deferred Annuity & Deferred Annuity By: James Kyles
Every human being wants to save money for the future as future is unknown. In order to save money for future it is necessary to invest in present. There are many tools through which one can get good returns in future by investing now. Tax Deferred Annuity is one of such tools. But to understand Tax Deferred Annuity it is important to know about Annuity.
Annuities can be defined as flexible contracts usually sold by insurance companies designed to provide financial help to the annuity holder at a specified period of time, generally after retirement.
Annuities are of two types: Fixed annuity and variable annuities. Fixed annuities guarantee a certain amount of return and in variable annuities there is no guarantee but there are chances of higher returns. An annuity also has a death benefit which is equal to the higher current value of the annuity or the amount the holder has paid. Actually, all annuities are tax-deferred. The holder is taxed only when they start withdrawing money from the account.
Tax Deferred Annuity can be defined as an annuity in which income tax on the invested income is charged only when the holder starts receiving periodic payments and not during the investment period. These are sold by the insurance companies. Annuities generally have two phases: one is the accumulation phase and the other is the payment phase.
During the accumulation phase the annuity is purchased by making payments to it either in lump sum or on installment basis. Then the value of the annuity purchased will grow depending on the type of annuity (whether fixed or variable annuity) and the interest rate set by the insurance company. Here the annuity grows tax deferred during this accumulation phase. And income tax will be charged only when one chooses to withdraw gains from annuity. Withdrawals from annuity can be made at any point of time but they are subjected to tax.
Deferred Annuity has an added advantage because it provides gradual saving for retirement and in addition to this it reduces the tax burden as well because it is likely that the annuity holder will be in a lower tax bracket on retirement rather than while working.
Tax deferral provides this added advantage due to the time value of money. Tax deferral is a powerful tool and it becomes more rewarding with higher interest rates, higher tax brackets along with longer maturity date.
Tax deferred annuity is not such a complex issue, but it is important to understand it clearly. It aims to provide more benefit to the annuity holder and therefore it is necessary to understand various tax aspects in annuity. Therefore, it is strongly advisable to seek the help of a qualified financial professional when considering annuities for retirement plans. Therefore make sure to invest wisely in annuities so as to avoid any unpleasant circumstances. This will eventually help you to retain a good credit rating and also keep you away from the woes of debt.(read entire article)(posted on: 2010-12-22)
View : 97 Times
Payday Loans No Credit Check: Get Money In A Very Smart Manner By: Jemson Addevsen
Cash crisis is really a common thing to happen with every third man and you can handle the situation with payday loans that are credit check free.(read entire article)(posted on: 2010-12-22)
View : 168 Times
3 Month Payday Loans: Source Of Urgent Money 24 Hours A Day By: Gerry Kristen
3 month payday loans are the biggest and most famous online options to grab money with ease.(read entire article)(posted on: 2010-12-22)
View : 245 Times
Capitalheight’s Most Accurate Stock Tips, Commodity Tips, Mcx Tips & Intraday Tips By: simranbhatt
There are companies who have professionals having profound knowledge of market and are able to provide such calls which are about 80-90% accurate and sometimes they are so sure for their calls that it becomes a sort of jackpot for the customer.(read entire article)(posted on: 2010-12-22)
View : 442 Times
Appealing Your Property Taxes By: Patrick O Connor
Thousands of Texas homeowners will go through the property tax appeal process this year because the appraisal district incorrectly assessed their home's value.(read entire article)(posted on: 2010-12-22)
View : 255 Times