Have you ever purchased any large item without putting down some type of down payment? From houses to electronic equipment, it's impossible to buy anything without spending some kind of cash - even if you sign up for a sixty day payment plan.In fact, most people don't know that all taxes on any large item must be paid up front. This means that you can sign up for that monthly payment plan, but you'll have to pay all the taxes in cash before you...more
Most people know that good credit is desirable. After all, most of us spend out entire lives trying to keep our credit on the plus side of things. Interestingly, good credit is not only important when it comes to gaining a great interest rate, but it's also important for a variety of other reasons.Did you know that many employers check your credit prior to hiring you? The reason for this is that some employers want to make sure that you are...more
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 illness & 10% annual withdrawal),6) Taxes not due until withdrawal,7) Avoidance of Probate,8) Protection from creditors,9) No annual fees (other than the cost of the rider depending on the carrier) and10) guaranteed income you (or you and your spouse) cannot outlive.Equity Indexed Annuity Crediting MethodsFunds can be allocated between the different crediting methods and each year the allocation can be changed. Most EIA's allow for one or a combination of different indexes to be used such as S&P 500, Nasdaq-100, FTSE 100 etc.1) Fixed Account: Usually between 2.5% -3.5%Fixed account crediting is good in years when the market will decline and guaranteed growth is desired.2) Annual Point to Point with a Cap (assume 6.5%). Take the difference between...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...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...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 Asset Management Company wont be enough for you. You need to see out the best.Your Goals Are Important The first indication you will have that you have picked a good Denver asset manager is that they will ask about your goals. You want to select an asset management team that wants to work for you and with you, instead of having an investment manager who thinks they know what is best for you, regardless of your goals. Once you have talked about the future and the present, you can seek out some real advice for what your next steps ought to be.One of the keys for what you do next has to do with your retirement savings. Your manager needs to understand the position that you are in and what they can do next to help you get the most out of your investments and savings. This should be the beginning of Denver retirement planning. Your Denver asset...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...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...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