Retirement annuity

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Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) As single mom collecting child support, we can rule out her suing. She would not only have travel expense that she likely cannot afford, but there's absolutly no way on earth she can afford an attorney who can take on the one I hire. Not to sound like I'm gloating, but I can afford any attorney on earth, she cannot. Expect her to not even consider civil action. I don't like her attitude, but she's not downright stupid. Last but not least, this IS a repost. I'm asking again because last time everyone was talking about extradition. Consider it this way: The DA is going to pay out of his budget, provided by taxpayers, to have me extradited all the way back from Hawaii over a simple assualt charge. He's gonna cover the expense of my arrest in Hawaii, and pay to put me on a plane, and fly me halfway across the pacific just to get to the west coast, than transfer planes on or two times back to tampa? Simple assault charge? I think we can rule out extradition of that distance for 90 % of all crimes. So, am I foolproof.

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) And, although a state wide warrant for my arrest would be issued (And as a person who interned for the DA in high school I know it would be only statewide) it would not affect me anywhere else. I can guarantee that the DA's office will not pay precious money out of their budget to extradite me all the way back from Hawaii over a simple assault charge. Also, she's in no position to sue: My annuity and my bank accounts except for one small one is all Swiss based. Will SOME Swiss banks disclose the accounts existance? Yes, but I'm not concealing them anyway, and they still will NOT aid any US court or IRS in freezing, garnishing the funds in any way. Plus nonpayment is judgement is not a criminal offense, it's civil. But even before that, she knows who can afford the much better attorney, and suing across state lines, plus the travel expenses of coming to the islands, simply costly to the extent that it wouldn't be in her udget. I hate her, but stupidity is not the reason. She's smart enough to realize what I just said. Without lectures, without telling me to get over it and enjoy my new freedom (Believe me I will afterwards) am I foolproof? A week from today I should say

who are on Social Security. How did we get to be so called criminals in the first place? To all the young people out there footing the bill for Social Security. Lets put the blame where it is due. Q.Who introduced Social Security in the first place. A, Franklin Roosevelt (FICA). A democrat . He promised participation would be completely voluntary. ( of course you couldn't get retirement benefits, if you did not participate) . No Longer Voluntary. participants only would pay 1% of the first $1,400 of their annual incomes. Now we pay 7.65% and employee pays same amount. that the money participants elected to put into program would be deductible from their income each year. No longer tax deductible. the money that participants put in would go into Independent trust fund and not into the general trust fund and would only be used for Social Security retirement program and no other government program. until Johnson ( Democrat ) . Money was moved into General Fund and spent. That the annuity funds would never be taxed as income. Under Clinton and Gore (Democrats). Up to 85 % can be taxed. Can you answer the following: Which party started taxing Social Security annuities A. The Democratic party with Al Gore casting the tie breaking vote as President of the Senate, while he was vice president. Q.Which party started to give annuity payments to immigrants A .Jimmy Carter and the Democratic party.they can collect , even if they never paid in a dime to it. Then after violating all the contracts dealing with social security , the Democrats tell you that republicans want to take away your Social Security. and the uninformed BELIEVE IT! Maybe if enough people know the truth , things will change. or maybe not , some Democrats are awfully sure of what isn't so. When Social Security was started, all money was to be invested to draw interest, and that money was suppose to be reinvested etc. and all kept in Social Security fund that way all the money I put in would be there when I retired, and make up for inflation. That way all money put in today would be going to the people who are putting their money in now. Social Security would never go broke and it would pay forever. If the plan was voluntary the only people able to collect would be the people that put their money in , in the first place. I feel sorry for the young people of today , they have every reason to be angry. They will pay in , but will they be able to collect? Please don be angry at the Seniors as they were used just as you are now.

Here's my story, sorry if it's a bit lengthy. At the tragic expense of my grandfather's sudden and early death, I've recived my multi-million dollar inheritence earlier than anticipated. He was an executive for Warren Buffets Berkshire Hathaway and bought up several hundred shares of stock while they were dirt cheap. My current financial situation is this: A 41 year annuity of $207'000.00 a year (Actually direct deposits monthly.) Also a secluded cabin in the Hawaiian islands as my permanent residence, and 1.5 Million remaining in uncommited dollars spread out in three bank accounts, that will be my retirement when my annuity runs out at the age of 61. As you can see, I'm a 20 years man and set for life. Further more, and you can correct me if I'm wrong about this, that's why I'm here asking, but it would seem that I have nothing to lose when I go in for my final check. You see, a week from this friday, I go in for my final check. I am assistant manager at a golf course and absolutly despise the boss. She has made the last year of my life miserable, and instead of going out with a handshake, I'm thinking of going out with a literal bang. Because, I live in Pensacola county Florida, and my flight to my new life in Hawaii is 11am a week from friday in Tampa. So, two hours before the flight, I get there at opening at 9am, noone else is there, I get my check, rough her up a bit then high tail it out of there. This is my opinion: Even though Tampa, the location of an airport is a neighboring county, the process of extradition remains nonetheless. So, even if she can tell the police I'm there (Which I do not believe she would know), there would be way too much legistical stuff to be able to get me before the flight takes off. (Even if they did, i could pay my bail, then leave, and consider it worth it.) And, although a state wide warrant for my arrest would be issued (And as a person who interned for the DA in high school I know it would be only statewide) it would not affect me anywhere else. I can guarantee that the DA's office will not pay precious money out of their budget to extradite me all the way back from Hawaii over a simple assault charge. Without lectures, without telling me to get over it and enjoy my new freedom (Believe me I will afterwards) am I foolproof? PS: I should mention that the bank accounts are Swiss based, and while they now disclose the existents of accounts to the IRS, they will not freeze/hand over any money. Plus the State of Hawaii SC has ruled that annuity funds cannot be touched for judgements/law suits. So she can't collect on anything if she sues, and failure to pay judgements is civil, not criminal. She would quickly find that out and not even waste money trying. Plus I hope she has a very good attorney, I don't think there's one I couldn't afford.

I am single, 53 year old, retired because of a disability at the VA. I have back surgury. I currently pay $60.00 a month in withholdings. I was told I will get all this back when I file my taxes for 2009. I live in Tennessee and there is no state income tax. I looking to understand my liability to the fed tax?

Joytown has a present population of 40,000 and the population is increasing by 2.5% each year. How long will it take for the population to double? Round your answer to the nearest year. After working for 25 years you would like to have $80,000 in an annuity for early retirement. If the annual interest rate is 7.5%, compounded monthly, what will your monthly deposit need to be?

i intend to share these proceeds with my siblings. will there be tax consequences for them?

Laura has decided to set up a IRA (individual retirement account) in which she will make a deposit to her plan at the end of each year, beginning one year from today. She expects to earn 9% on her investment, over a period of 10 yrs. A. If she invest the maximum amount of $3,000 at the end of each of the 10 years how much will she have accumulated over after 10 years? How much of this will be interest? B. Assume the same facts as stated previously, except tat Laura plans to make her deposit for each of the 10 years beginning today. How much will she have accumulated 10 years from today? (Hint: you do not have a table in the text for this type of annuity. But you can compute the future value of each deposit separately and add the totals together.) How much of the ending account balance will be composed of interest? C. Refer to the answers for parts A and B. Which one is larger? Why? Explain. Please help me answer the questions and email me at ballnms@gmail.com thanks.

I mean, apparently we are now being warned that people aged 55 - 65 are in denial about their upcoming finances in retirement. Apparently many of them will still have a big mortgage at 65 and no savings and blah blah blah. Well, how is someone on the average wage supposed to buy a house and bring up a family and put their kids through University and save enough for retirement, given the way annuity rates have been heading south ? I mean the government know you cannot square the circle on this fiscal equation and frankly I think they are having a laugh. What do you think ? Vicky...please accept my werry 'umble apologies.

One of the questions ask to: "Enter the total current value of this parent's tax-deferred retirement, pension, annuity, and savings plans. Include IRA, SRA Keogh, SEP, 401(a), 401(k), 403(b), 408, 457, 501(c) plans, etc. " I have my parents "social security statement" but I'm not sure what is "tax deferred." CSS Profile is the application for financial aid for college. Thanks in advance. Thank you. Sorry, also: "Enter the total amount withheld from your parents' wages for dependent care and medical spending accounts in 2009. " In the W-2 form: is this social security tax withheld and medicare tax withheld?

1. A machine will be replaced 10 years from now at a cost of $750,000 . How much should the owner save at the beginning of each quarter in order to replace the old machine if his savings earn interest at 8.75% compounded quarterly?What value is given?, present value or future value 2. At retirement, Mr.Retired finds that his share of a pension fund is $2,500,000. What payment will this provide at the beginning of each month for 25 years, for him or his estate, if the fund is invested at 18% compounded quarterly?What value is given?, present value or future value My answers are : 1. 27,719.96 , i choose present value 2. 108,991.37 , i choose future value Am i correct?

Suppose you have to establish a new company. Suggest in which item or items company should deal. How much sale of the item is required in order to reach at break even point depending on the suggested price of item, production capacity, fixed and variable cost associated with the item? Businesses have to plan for the future. Since equipment breaks down or wears out, business owners have to have the money to replace the equipment. In addition, money might be set aside for retirement benefits for their employees. Suggest if the company need to set aside the lump sum of money that will collect interest or company should purchase annuities. Support your suggestion with argument.

Suppose you have to establish a new company. Suggest in which item or items company should deal. How much sale of the item is required in order to reach at break even point depending on the suggested price of item, production capacity, fixed and variable cost associated with the item? Businesses have to plan for the future. Since equipment breaks down or wears out, business owners have to have the money to replace the equipment. In addition, money might be set aside for retirement benefits for their employees. Suggest if the company need to set aside the lump sum of money that will collect interest or company should purchase annuities. Support your suggestion with argument

Suppose you have to establish a new company. Suggest in which item or items company should deal. How much sale of the item is required in order to reach at break even point depending on the suggested price of item, production capacity, fixed and variable cost associated with the item? Businesses have to plan for the future. Since equipment breaks down or wears out, business owners have to have the money to replace the equipment. In addition, money might be set aside for retirement benefits for their employees. Suggest if the company need to set aside the lump sum of money that will collect interest or company should purchase annuities. Support your suggestion with argument

Suppose you have to establish a new company. Suggest in which item or items company should deal. How much sale of the item is required in order to reach at break even point depending on the suggested price of item, production capacity, fixed and variable cost associated with the item? Businesses have to plan for the future. Since equipment breaks down or wears out, business owners have to have the money to replace the equipment. In addition, money might be set aside for retirement benefits for their employees. Suggest if the company need to set aside the lump sum of money that will collect interest or company should purchase annuities. Support your suggestion with argument.

Suppose you have to establish a new company. Suggest in which item or items company should deal. How much sale of the item is required in order to reach at break even point depending on the suggested price of item, production capacity, fixed and variable cost associated with the item? Businesses have to plan for the future. Since equipment breaks down or wears out, business owners have to have the money to replace the equipment. In addition, money might be set aside for retirement benefits for their employees. Suggest if the company need to set aside the lump sum of money that will collect interest or company should purchase annuities. Support your suggestion with argument.

I am doing my taxes and have not received the 1099 but have a distribution receipt. It does not havethe fed id number needed for taxes, anyone have it or know where I can look it up? It's not like a soc sec number the number is printed on anyone that has a annuity or retirement plan and gets a 1099 in the mail. It may even be on a pay stub if you work there.

I am having complications filing my state tax on Turbo Tax for my Maryland Part-Year Resident (Form 502). I have consulted the MD State Tax information line but they have not been helpful, only telling me they recommend using the "iFile" on their site but it doesn't answer my questions still. I have tried asking the Turbo Tax community but I haven't had any luck there either. I will briefly describe my situation. I worked in MD until 4/28/09. I moved from MD on 06/03/09 back to WA state. In this time I have unfortunately been unsuccessful for a new job still. After moving to WA state I had zero income except for the following: 1.) 1099-R; $553.45 (Federal Income tax withheld $110.69) was pulled from my 401k Profit Sharing Plan. No state tax for WA was withheld since there is none. 2.) 1099-G; $2025.00 in unemployment paid by the state of Maryland. Again, this is after I moved away from MD. I have run into the following obstacle. 1.) I am asked the following from Turbo Tax; ************************************* Adjustments for Part-Year Residents As a part-year resident, you need to enter two sets of figures. First, total the losses and adjustments to income reported on your federal return that you had in the period you were not a resident of Maryland. Then total the income you reported for the time you were not a resident of Maryland. Non-Maryland Losses and Adjustments: Non-Maryland Income: What value do I enter for the two fields of "Non-Maryland Losses and Adjustments" and "Non-Maryland Income" then? Do my 1099-G and/or 1099-R constitute as Non-Maryland Income? Turbo Tax gives a brief explanation of Non-Maryland Income however I am still uncertain: ***************************************************************************** Adjustments to Income Subtract any of these items if you earned them during your nonresident period: - Wages - Investment income (interest and dividends) - Refunds of state and local income taxes - Pensions - Annuities - IRA distributions - Unemployment compensation - Social security and railroad retirement benefits ***************************************************************************** I appreciate your time and help. If more information is necessary (federal tax amounts) please let me know and I will gladly provide it.

This is what they are learning is coming down the pike: According to widespread media reports, both the U.S. Treasury Department and the Department of Labor plan are planning to stage a public-comment period before implementing regulations that would require U.S. savers to invest portions of their 401(k) savings plans and Individual Retirement Accounts (IRAs) into annuities or other "steady" payment streams backed by U.S. government bonds. Folks, there's only one reason these agencies would do such a thing - the nation's creditors think that U.S. government bonds are a bad bet and don't want to buy them anymore. So like a grifter who's down to his last dollar, the administration is hoping to get its hands on our hard-earned savings before the American people realize they've had the wool pulled over their eyes ... once again. Do you agree the gov should stick their noses into your private savings plans? http://moneymorning.com/2010/01/27/retirement-plans/

Jan. 8 (Bloomberg) -- The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged. The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort. Annuities generally guarantee income until the retiree’s death, and often that of a surviving spouse as well. They are designed to protect against the risk that retirees outlive their savings, a danger made clear by market losses suffered by older Americans over the last year, David Certner, legislative counsel for AARP, said in an interview. “There’s a real desire on a lot of people’s parts to try to encourage something other than just rolling over a lump sum, to make sure this money will actually last a lifetime,” said Certner, legislative counsel for Washington-based AARP, the biggest U.S. advocacy group for retirees. I like this part of the article best...... Promoting annuities may benefit companies that provide them through employers, including ING Groep NV and Prudential Financial Inc., or sell them directly to individuals, such as American International Group Inc., the insurer that has received $182.3 billion in government aid. http://www.bloomberg.com/apps/news?pid=20603037&sid=aHFCE999fWR0 Government bonds??? hahaha

given the state of the stock market or would you play safe and buy an annuity with your pension fund? Applies to UK only. Great answer great wolf Sorry Greywolf....Ooops!

i'm currently filling out the CSS Profile (its kind of like the FAFSA but more detailed), and one of the questions asks me: "Enter the total current value of this parent's tax-deferred retirement, pension, annuity, and savings plans. Include IRA, SRA Keogh, SEP, 401(a), 401(k), 403(b), 408, 457, 501(c) plans, etc." anyways, i have no idea what this is, and i tried asking my mom, but she doesnt speak english =/ do any of you know how/where i can get this info? would it be on my mom's tax return? or w-2 forms? or paychecks? thanks! thanks, but where would i find these individual statements?

I claimed Job seekers allowance for the first few days into tax year 2008-09. I am now filing my tax return for self assessment and am not sure how to answer the following question, as I am unsure if Job Seekers Allowance is a State Benefit: 'Did you receive any UK pensions, annuities or state benefits, for example, state pension, occupational pension, retirement annuity, Incapacity Benefit?'. Please help!

Interesting data to remember Your Social Security Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts!!! Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised: 1.) That participation in the Program would be Completely voluntary, No longer Voluntary 2.) That the participants would only have to pay 1% of the first $1,400 of their annual Incomes into the Program, Now 7.65% 3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year. No longer tax deductible 4.) That the money the participants put into the independent 'Trust Fund' rather than into the general operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other Government program. Under Lyndon Johnson the money was moved to the General Fund and Spent 5.) That the annuity payments to the retirees would never be taxed as income. Under Clinton & Gore Up to 85% of your Social Security can be Taxed Since many of us have paid into FICA for years and are now receiving a Social Security check every month and then finding that we are getting taxed on 85% of the money we paid to the Federal government to 'put away' -- you may be interested in the following: Q: Which Political Party took Social Security from the independent 'Trust Fund' and put it into the general fund so that Congress could spend it? A: It was Lyndon Johnson and the democratically controlled House and Senate. Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding? A: The Democratic Party. Q: Which Political Party started taxing Social Security annuities? A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US Q: Which Political Party decided to start giving annuity payments to immigrants? A: Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it! Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away! The President and the Democratically controlled Congress have not changed their unconstitutional tax and spend take over. In fact in less than a year they have probably done more to rob us of our liberties and money than all the rest. They have no plans to stop unless we plan to stop them. How many people can YOU send this to? CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM!!! Time for term limits! A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson "Keep Lookin UP" "IN GOD WE TRUST"

With my partner's retirement looming and having sought options and advice from not one but two financial advisers we find ourselves at a lost about 'What Annuity' We are not married (25 years together) we want to take a 25% tax free draw down to pay off our existing mortgage. The remainder of the pension an option is to buy an annuity but as we are not married we cannot find one that will not penalise us. If my partner died I would not receive anything from his pension if he were to die before me. It seems unfair to us that we are being treated differently because we are not married. Please only answer if you have something constructive to say. Thank you so much for any suggestions or advice you can offer.. Pension fund is quite substantial Also it is a private pension paid into for 27 years UK pension I read somewhere Steve that any www. ending in .net is associated as being a bit dodgy

1. He decided to test the numbers by seeing how much money he would accumulate by a retirement age of 65 if he put one paycheck away at the end of each year. Right now that would mean depositing 1,000 at year end for the next 35 years. Assuming he makes one yearly deposit of $1000 at 5% compounded annually, how much interest would he earn? Joseph was surprised at how large the sum would be and then realized that he would be able to put more money away in future years because most likely, his salary would go up. He also thought that he could invest the money over the long term at a higher interest rate, so he redid the calculations with $1,500 annual year end deposit at 8% for 35 years. What was his result? 3. Joseph was amazed at how much he could save in this manner and decided to design a detailed savings plan based on projected yearly increases. He realized that he could not start depositing $1,500 now, but that he would have able to deposit more than that in the future. If he were able to deposit $1,000 at the end of each yr for the next 5 yrs at 5% at 8% compounded annually, $1,500 at the end of yrs 6-10 at 8% compounded annually, and $2,000 at the end of the years 11 -35 at 5% compounded annually, how much would he accumulate at the end of 35 yrs? Assume that any balances from earlier depositing periods would continue to earn the same rate of annual interest. Use the table for future value of annuities. 4. By how much does the result differ from the amount calculated above for $1,500 deposited for 35 years? What accounts for the difference? 5. If Joseph decided that he wanted to have $300,000 accumulated in 30 years by making an annual payment at the end of each year that would earn 12% compounded annually, what would his sinking fund payment be? Reference Book is Business Math --Pearson Custom Publishing

the Fidelity annuity make money for life to put my retirement money IRA's into? Good Idea or bad? I am very conservative and don't want the stress of the crashing stock markets anymore. I just want a safe, at least growing and not loosing place for my money for use when I need it.

The government claimed that Social Security would come to us "as a right" and that "it would never be taxed" and that 1% would be "the most we would ever pay." Since the government was wrong about all of those things regarding Social Security, why would anyone trust what the government says about Roth IRAs twenty to forty years from now? Does anyone really believe that they won't be taxing Roth IRAs before long? Our government, Democrat or Republican, is facing $170 trillion in unfunded liabilities this century. There is no way they can afford allowing people to receive tax-free payments. Why would anyone believe that this would be the case, in a country where everything is always taxed and laws are always changed? After all, even the Constitution is ignored. McCain-Feingold restricts speech, Kelo restricts property rights, HCR violates Equal Protection clause, etc. Who in their right mind thinks something as small as a Roth IRA will survive? Even the beloved little HSA will be scrapped under the House and Senate versions of Health Care Reform. How many people donated to those thinking they'd be around forever and they didn't even last a few years!?

How should I go about solving this problem? I thought I was using the correct formula but I'm not getting the right answer. Your aunt wants to retire in 15 years and she assumes that she needs at least $2 million saved by retirement. She currently has investments totaling $850,000 and plans to save an additional $10,000 annually at the end of each year for the next 15 years. Your aunt believes that she can earn an after-tax annual rate of return of 6 percent on both her current investments and any additional amounts she saves. When she retires in 15 years, your aunt should have accumulated an amount closest to: A) $2,037,000 B) $2,187,000 C) $2,270,000 The answer is C but I'm not sure how to get there, which equation to use. Any help would be greatly appreciated! Thanks!

A positive aspect of defined-benefit plans is that A. there is more certainty about the amount of the benefit than with defined-contribution plans. B. the funds are out of reach of corporate creditors. C. they generally permit earlier vesting than defined-contribution plans. D. they are more transferable than defined-contribution plans. An employer pension plan in which the employer or the employee puts money in a retirement account for the employee, and the amount of the retirement benefit depends on how well the investment yields, is called a A. defined-contribution plan. B. defined-benefit plan. C. tax-sheltered annuity. D. profit-sharing plan.

What are the rules for fixed and variable? When you start to draw from the annuity at retirement age will you get more than you put in? How do you know how much you will receive each month at retirement age? I have talked to people who have invested annuities and get a wide range of reactions and explanations. No one seems to be quite sure how they work. Anything from one person who lost a great deal of money to someone else who claims that she will be able to earn $13,000 per month at retirement age in 15 years ( $13,000 a month is a great deal greater than her current salary)

I have my retirement annuity in the bank and want to remove it early. How do I go about this?

Carolyn Ellis is setting up an annuity for her retirement. She can set aside $2,000 at the end of the year for the next 20 years and it will earn 6% annual interest. What lump sum will she need to set aside today at 6% annual interest to have the same retirement fund available 20 years from now? How much more will Carolyn need to invest in periodic payments than she will if she makes a lump sum payment if she intends to accumulate the same retirement balance?

P4–23 Funding your retirement You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive $20,000 at the end of each year for the 30 years between retirement and death (a psychic told you would die exactly 30 years after you retire). You know that you will be able to earn 11% per year during the 30-year retirement period. a. How large a fund will you need when you retire in 20 years to provide the 30-year, $20,000 retirement annuity? b. How much will you need today as a single amount to provide the fund calculated in part a if you earn only 9% per year during the 20 years preceding retirement? c. What effect would an increase in the rate you can earn both during and prior to retirement have on the values found in parts a and b? Explain.

Your parents are approaching retirement and they go to an investment adviser at Bank of america to discuss their investment options. They expect to have $900,000 in retirement savings and plan to purchase an annuity that will generate income of $50,000 per year for the rest of their lives. The advisor claims that they could get them a higher annual income because she "knows" how to invest their savings in financial instruments that can yeild at least 10% per year. Your parents wants you to provide second opinion of the analysis done by the adviser. Compare the two alternatives and highlights the risks and benefits of each alternative. PLEASE HELP! Thank you

My spouse has been adulterous throughout our marriage, although I had never caught him until recently, it has been ongoing. I recently found out that he has a child outside of the marriage, found pictures of him being adulterous in our living quarters and by his own admission he has no intention of stopping. He has not worked a steady job in more than 10 years, and I have been supporting him. My support and marriage to him was wholly conditional on him remaining faithful and I have come to find out proof positive that this is not the case. I am approaching retirement after being recently laid off. My question.. do i have do give my spouse should we divorce half of my retirement which is only about $5000 and my savings and half of my annuity. He should get nothing since he was the one to break the vows. I know I have grounds for a fault divorce, but what do i HAVE to give him. My state is Illinois

if i collect my ss retirement at 62, but continue to work, can i reduce my earned income to the required 14,660, by investing earnings over that amount into an annuity pre tax?

the account pays 7 percent compounded annually. How much will be in the account in 25 years? 2) Walton deposited $1,750 into an ordinary annuity at the end of each quarter in an account earning 8 percent interest compounded quarterly. What is the future value of the account in 3 years? PLEASE SHOW YOUR WORK! I'd love to learn!

A self-employed person has a Keogh retirement plan. (This type of plan is free of taxes until money withdrawn) If deposits of $7500 are made each year into an account paying 8% compounded annually how much will be in the account after 20 years? Is there a program i can plug into my ti84 calc for this problem? if so what is it? or if not how to solve algebrically? Please show your work thanks.

I am in late twenties and a teacher, my employer is offering 403b plan to participate. I know it is tax deferred annuity. I participate in employer sponsored retirement plan and my own roth ira saving. Should i participate in 403b plan too?

If a person were to invest $1500 into a retirement account with an 8% interest rate compounded quarterly, how long would it take his singe payment to grow to $3750? How would you do this problem?

A retiree wants level consumption in real terms over a 30-year retirement. If the inflation rate equals the interest rate she earns on her $360,000 of savings, how much can she spend in real terms each year over the rest of her life? The real rate is ______, therefore, she can spend $____ per year.

I'm feeling unsettled.. my financial advisor advocated purchasing one of these. Most of my retirement money (80%) is in this product. I'm 43, I'll get a pension (as a teacher) when I retire.... should I wonder if my advisor was acting in my best interest. Is this the best choice of products out there or should I be asking for other options (beside US company stocks)... Help!

You plan to retire in 15 years, and you want to have an annuity of $50,000 a year for 20 years after retirement. You want to receive the first annuity payment at the end of the 15th year from today.

THE ANNUITY IS MY RETIREMENT AND I AM 68 YRS.OLD.

Can someone tell me about Retirement Annuity Trust Schemes. I want to manage my pension myself?.Not to give it to a banker to manage it for me.

Assume that a pension plan offers to pay $300,000 on a person’s retirement (his/her sixtyfifth birthday) or a semi-annual annuity for the remainder of the person’s life – i.e., starting 6 months from the date of retirement and including his/her date of death. Interest rates are 8 percent compounded semi-annually, and a person’s life expectancy has been determined statistically as being 80 years. Calculate the amount of the annuity that would make a person indifferent between the options?

hi, i'm fairly young with no debt, no plans on owning a car or house and i want to invest my money (from a cd account) into either/and a fixed annuity or bond (preferably a safe govt bond) what do you suggest? am i wasting time investing in an annuity since i am no where near retirement or should i diversify my options in bonds? PS i'm doing this through chase (unless I shouldent?) PPS is there a website that teaches dummies like me about the different bonds out there?