Payouts will be taxed in different ways depending on whether you have a qualified or non-qualified annuity. In the first case, this is basically some kind of retirement plan and will be privy to all tax benefits/penalties Congress established. Benefits include: no payment of income tax on withdrawal of nondeductible/after-tax amount imputed into the plan;… Continue Reading
There are two ways of withdrawing your deferred annuity: a one-time payment or monthly payment. Monthly payments are more common. The amount of money you will receive depends on: size of your contract; your life expectancy; if payments continue after your death; if you have chosen the minimum requirement payment options. If you opt for… Continue Reading
There are different types of annuities, dependent on: how the money is paid in; withdrawn and how it is invested. The most basic ones are: single-premium (where you make the investment in one go); flexible-premium (series of payments); immediate (payments begin once annuity has been funded – popular with retirees); deferred (receive payouts a long… Continue Reading
Investors can benefit from annuities in the following two ways: saving money for a long-term project and a guaranteed income for a set period of time. Annuities are great for funding a retirement or for large education fees when it is set in the child’s name under “Uniform Gifts to Minor Acts.” When the money… Continue Reading
An annuity is a when you get a certain amount of money paid to you “for a fixed or contingent period,” often for your entire life “either in prior installment payments or in a single payment.” There are different types of annuities as well as a variety of tax aspects, dependent on what the… Continue Reading
SocialGO (www.socialgo.com) the main venture of Bright Things, was given an investment equaling US$800K from Veddis Ventures based in Gibraltar. Vikrant Bhargava of Veddis Ventures became part of SocialGO’s board as a non-executive director. In a related event, Bright Things bought Get On With It (GOWIT) Ltd. SocialGO has been getting development and support services… Continue Reading
The government of Brazil will discuss the importance of using natural resources from the environment versus unsustainable behaviors such as loss of biodiversity, change in the climate and deforestation. The latter is weighing heavily on society, according to Ed Young, a researcher at UFRJ’s Economic Institute who has found that close to 60% of all… Continue Reading
The fourth-quarter earnings for Marathon Oil Corp. (MRO) surged 99%. This is of course not a surprise as rising oil prices have caused a gain in profits in both oil production and refining. Marathon Oil Corp.’s stock is up 26% this year. Marathon Oil is just one of many companies in both the oil arena… Continue Reading
There isn’t an investor out there that doesn’t know that the Euro is falling. Shhh. That’s right the great experiment is dying and it is dying quite loudly. As more and more cases of sovereign wealth fluidity occur across the Euro Zone the more people are admitting that there maybe a need for some sort… Continue Reading
Retail spending on e-commerce jumped 27% this holiday season as compared to last year, to a total of $27.5 billion for the period from November through December 17th, according to comScore. ComScore further reported that on four specific days during this period spending exceeded $900 million per day, including Green Monday on December 13th, when… Continue Reading