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Income

Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.

Top Financial Planner Comments on Immediate Annuities, Longevity Insurance and Long Term Care

One of the nation's top financial planners is bearish on the recent upsurge in immediate annuity sales. An advocate of maintaining options and flexibility with retirement planning , this financial advisor sees immediate annuities as too restrictive for many financial plans. In contrast to the views on immediate annuities, longevity insurance or longevity annuities are discussed in light of the income and asset allocation options they create for retirees: "Of all the products that are out there...
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Annuity
Asset
Immediate Annuity
Insurance
Longevity Annuity
Retirement Planning
Longevity
Financial Planner
Long Term Care
Income
Financial Advisor
Asset Allocation
Advanced Life Deferred Annuity
Key Phrases: 
Retirement
Longevity Insurance
Annuity Sales

Deflation Impacts Annuities in UK

There are many concerns about inflation in light of recent government stimulus programs, but deflation can also be a concern for owners of annuities. In the UK, owners of inflation linked annuities are being impacted by the biggest monthly drop in the retail price index since 1948: "Standard Life has already written to its 25,000 customers with RPI-linked annuities to warn them that their income is set to fall, and similar annuities from Prudential will also pay out less." Source: Financial...
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Many Rules and Pitfalls with Early Withdrawals from 401k and IRA

The financial crisis has taken a heavy toll on the personal finances of most people. A natural reaction is to consider withdrawing funds from a tax advantaged saving plan such as a 401k or IRA. The reality, though, is that funds from such sources can be extraordinarily expensive when all of the penalty fees and tax implications are taken into account. The rules are complex and generally depend on a person's age and the type of plan involved. Some high-level points to consider: The federal...
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Early Withdrawal
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2009 IRA and Roth IRA Contribution Limits Remain the Same as 2008

The IRA and Roth IRA contribution limits for 2009 remain at $5,000--the same as 2008. Persons turning 50 years old this year are able to make a $6,000 contribution to either the traditional IRA or Roth IRA. Phase-out ranges for Roth IRAs are changing in 2009. Adjusted gross income levels determine whether persons are able to contribute to a Roth IRA. In 2009, contribution levels begin to decrease when adjusted gross income exceeds $105,000 for individuals and $166,000 for joint filers. Roth IRA...
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Roth IRA
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Contribution Limits
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Contribution Limits

I have a SIMPLE IRA from a previous employer. How long do I have to wait to roll it over into an IRA?

There are very specific rules regarding distributions of SIMPLE IRA funds. 

According to IRS guidelines, the rules revolve around payments or distributions received from a SIMPLE IRA during the 2-year period beginning on the date on which the individual first participated in any SIMPLE IRA plan maintained by the individual's employer (the "2-year period"). The 2-year period begins on the first day on which contributions made by the individual's employer are deposited in the individual's SIMPLE IRA. 

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