Financial Information
This week I bought an immediate annuity, an index annuity and a 10 year rate annuity. Who will follow my lead?
Question : This week I bought an immediate annuity, an index annuity and a 10 year rate annuity. Who will follow my lead?
A couple of weeks ago I ask this question
http://answers.yahoo.com/question/index?qid=20060905135601AARhX7H Received many answers and I made an excellent choice.
I must thank http://www.jdsannuities.com and Joe for all his hard work and advice on my annuities selection and purchase. We used his service and made the purchase through him. He handled it all and we thank God that we found him and bless him for a fantastic experience. This is what we did on annuities rest in index stocks. $ 479,905 got us $ 5,000 a month for 10 years $ 913,030 got us $ 5,000 a month for as long as we both live.Of the $ 10,000 a month $ 6,560 is tax free. $ 500,000 at 5.10% for 5 years will be $ 641,185 / $ 500,000 at 5.25% for 10 years will be $ 834,000. All interest is not taxed unless we take it out. These rates are guaranteed not to change.Next is where our interest we earn depends on a stock market index. $ 750,000 in a 7 year index annuity/ $ 750,000 14 year index annuity 10% bonus $ 75k in account on 1st day.
That is only on the the one that pay’s $ 5,000 per month for as long as we both live. All the others will grow back to replace it.
annuity leads
Best answer:
Answer by norman7774
Because of the increasing uncertainties.. I will NOT follow your lead.. thanks anyway !!!
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#2 written by K_Man1998 1 year ago
Best of luck to you. Sounds like you have done really well for yourself. For me, annuities are probably not the answer. Usually, once you die (or you and your spouse), the annuity then becomes property of the insurance company. Personally, if I die sooner than expected, I want my kids to get my dough.
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I agree Annuities Solve More Financial Needs for more age groups than any other Solution!
Annuities are The Best SAFE MONEY products! The three best are the following:
1. Immediate Annuities – For Guaranteed Monthly Income for Life, Joint Life or for a Period of Time: Go here to learn more – http://www.jdsannuities.com/immediate_annuities
2. Fixed Index Annuities ——Where your account value does NOT Decline in Value. —–Where the Credited Interest to your account does NOT Decline in Value. ——-Where the interest you earn each year is based ONLY on the Upside of a Stock Index (You would accept a Cap on the Upside of say 8% in exchange for not having your account decline in value, wouldn’t you???? I know I would!!!!) The Cap varies by company & annuity and is usually guaranteed for 1 year. Other crediting methods are also available. To Learn more Visit: http://www.jdsannuities.com/index_annuities
By the way, the way the insurance company is able to vary the interest you earn which is based on a stock index is by the use of a derivative for the interest part only.
Fixed Deferred Annuities – Where you have a wide selections of multi-year guaranteed rates or for 1 year, 3 years or 5 years. most are 5 to 10 year products. To Learn more and see most of the rates for yourself visit: http://www.jdsannuities.com/annuity_rates
To view the overall website for Annuities visit: http://www.jdsannuities.com