Ten Questions to Ask When a Financial Advisor Says: "You Know I'm Not a Big Fan of Annuities"
Many financial advisors seem conditioned to wear...
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Insurance
A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.
Would it be advisable to switch from my annuity to another type of investment?
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Are there single premium immediate annuities offered direct from A++ rated companies?
Good question.
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How is the value of an annuity calculated once you have started to receive payments in order to determine the IRS required minimum distributions?
Great question.
We are not tax / financial advisors, but will try to provide some information that points you in the right direction and enables you to present good questions to your advisors.
The relevant section of the IRS code appears to be: Treas. Reg. section 1.401(a)(9)-6, Q&A12
Note that there appear to have been some relevant modifications to the IRS code in 2006.
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Is it possible to use USD in an IRA account to purchase a Swiss Longevity annuity?
Good question.
First thing to consider is that--to my knowledge--there are only a few types of annuities offered by Swiss insurance companies.
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