An equity-indexed annuity is a type of annuity that grows and earns interest based on a formula related to a specific stock market index.An Equity Indexed Annuity with an Income Rider is a contract between you and the insurance company which provides:1) Guaranteed return of principal,2) Returns linked to an index (subject to a cap),3) Credited gains cannot be lost,4) Guaranteed minimum interest,5) Liquidity features (nursing home, critical...more
Even though homeowners have always been able to get a home loan modification, recently the process has become a topic of conversation because of the downturn in the economy. Today renegotiating has become commonplace. However, there are still much confusion and misconceptions about home loan modification.Since the introduction of President Obama's Making Home Affordable Plan, there is now a clear set of steps lenders must follow to approve a home...more
The word annuity has its origins in a Latin term that means "annual." Today, an annuity is an investment product sold by insurance companies.Annuities can be purchased through a series of contributions or in one lump sum. The money put into the annuity contract is allowed to grow for a period of time. Then, at a future date, the contract is annuitized and annuity begins paying an income through periodic payments over a specified period of time or for a lifetime. The interest or growth in a "deferred" annuity is not taxed until the annuity is actually paid and received by the owner.Equity-Indexed AnnuityAn equity-indexed annuity is a type of annuity that grows and earns interest based on a formula related to a specific stock market index.EIA Common TerminologyAlthough EIA contracts share the same objectives, they can vary a great deal. Here a important terms to help you understand your options:Term: The length of time of a penalty period or the time an investor has the option to renew. Typically a term is a period of three to seven years.Participation rate: Also known as the index rate, the percentage rate reveals how much a contract will grow. For example: "75% of the Standard and...more
If you look at your money situation and understand that you want to have a strong financial future, you need to be able to find the right person to help you. You will need to talk to a professional, who can listen to what you have to say about how you think your money is working and can give you good advice. Thats why selecting just any Denver...more
With today's economy reeling from the high prices of gasoline, food and everything else, it can be a little harder to become debt free but, it can be accomplished. With thousands of people loosing their homes to foreclosure, which by the way was their own fault because most of them bought more home then they could afford, not including those who...more
If you want your money to work for you in the present and the future, you need to start investing in financial planning. But you wont be able to do it on your own. Its up to you to bring in the income, but you need the assistance from an Atlanta certified financial adviser. But before you do that, you need to figure out what kind experience and abilities that your Atlanta financial advisor needs to have before you hire them. Here are some things you need to know: You dont want to invest your time and risk your money with an Atlanta financial planner who hasnt had training and isnt certified in giving you the help you need. The education and training they have gotten means they know how to deal with your questions, goals and experiences. Another solid reason to pick a particular Atlanta financial advisor is if they have been in business. They will be able to know how to avoid some particular problems and help you overcome certain others.Other Skills They Definitely Need There are a variety of ways your money needs to be managed by an Atlanta financial advisor. You need to make sure they can do all of the things below for you in order to earn the job as your Atlanta financial...more
Secured credit cards are a reliable option for many consumers. How to tell if they're right for you, however, depends on a number of factors. Here are some signs that a secured offer could help your financial situation.You have a Low Credit ScoreAre...more
When you apply for the federal government's loan modification plan, expect to get a permanent change in the terms of your loan. After you and the borrower come to an agreement, your mortgage will be reinstated and any efforts being made towards...more
Each year thousands of families find that they can't keep up with their mortgage payments anymore. This can happen for a variety of reasons such as too much debt, the loss of a job, illness, or even divorce. Regardless of the reason, bank...more
A lot of people do not even realize that they could be saving money by buying used moving boxes. When it comes time to move to a new house or office it is already expensive so when there is a chance to save money that is always a good...more
You work in order to meet your daily needs. You can work overtime and even work on two shifts to cover your daily expenses. The catch is, there will come a time when you will need cash immediately for emergency situations like accidents or because...more
Have you been wondering about the new federal government's loan modification program? If so, read this article and we will try to tell you everything you need to know. Here are the details of the process.It is hoped that the government's loan...more