RSS
 

Archive for the ‘Annuity Immediate Quote’ Category

Can he legally sell the house?

09 Jun

*I’m asking this on behalf of someone else who needs advice. If it makes a difference, this is in Canada.

My bf’s mom and dad have been having marital troubles. The husband moved out once and left them already, and threatened to stop supplying money for groceries, quit making car payments and sell the home. He left voluntarily, by the way. He works, she doesn’t because she had an accident a few years ago leaving her having trouble walking and panic / anxiety attacks at the drop of a hat. About a month ago he moved back in because he didn’t enjoy not having cash to spend whenever he wanted since it was going toward his kids and rent. He couldn’t handle the single life, basically.

Now he’s moving out again the end of this month. He said to her “I’m leaving. Don’t bother getting the pool or anything set up and don’t bother gardening. You won’t be able to keep the house or the car so you either sell it or it all goes to hell. The kids can live with you, I’m done”.

Now, if I’m not mistaken – if he voluntarily leaves and they divorce or whatever, wouldn’t he have to pay alimony and child support on top of that ? So then wouldn’t she be able to keep the home ? It’s not a large home – 3br 2ba and it’s only a 1 story home. What options does she have ? Her oldest son is 18 so child support wouldn’t go toward him, but she has also has a 15yr old.
the home is in both of their names.

 
6 Comments

Posted in Annuity Immediate Quote

 

what is an annuity and what are the benefits of having one?

09 Jun
 
2 Comments

Posted in Annuity Immediate Quote

 

Future value of ordinary annuity = payment (compound interest factor)?

08 Jun

CAN SOMEONE EXPLAIN IN DETAIL THE CONCEPT OF FUTURE VALUE OF ORDINARY ANNUITY = PAYMENT (COMPOUND INTEREST FACTOR). Also I would like the correct formula.

 
3 Comments

Posted in Annuity Immediate Quote

 

child care assistance?

07 Jun

My fiance and I just moved back home to Minnesota. We are staying with my parents but moving out in 2 weeks to our own place. We both got jobs right when we moved up here. I have 2 kids and he is the father of one of them. I get child support for the other. We are on child care assistance and we currently pay $301 every 2 weeks for both kids to be in daycare. We are not on any other govt assistance. When we move we will be changing counties so they will transfer everything over but the new county will count our income again. I just got promoted literally 2 weeks ago and with the promotion we will not make the cutoff for child care assistance. To pay full price it will be about $1600 a month for the kids to be in daycare. Although I got promoted and make more money it is definately not an extra $1000 a month. I want to get off assistance but I am in heavy debt due to a divorce a couple years ago and have worked really hard to juggle the bills to keep my credit perfect. I have 3 car payments, a house payment for a house I’m not living in- that I’m trying to sell and several loans. But I have been making it work so far. My question is when we move out can I say that my fiance is staying with my parents so I won’t have to report his income as household income? I know it is not allowed but is there a way they could find out? The only other way to make this work is to stop paying my bills that I have worked so hard to pay this long and trash my credit. I just need some more time to pay them off. He could keep his address at work listed as my parents address and they could give us his important mail. Another thing is if I say he is not living with me the state will come after him for child support but our thought was who cares about that since all our money just goes to pay the bills anyway. And I would be set up for child support anyway if I decide to split up with him lol….. anyway I know it is taxpayers money yadda yadda but I just want to say I am a hard working person in a tough spot and it just doesn’t make any sense to me to be on child care assistance and then just be cut off and have such a huge jump in price. Heck my fiance might as well quit his job and stay home with the kids if we are paying that much. Oh and also I want to add that he was a truck driver making good money but was just diagnosed 2 months ago with diabetes and now he is on insulin and is not allowed to drive… so he is working at a grocery store for $12.50 an hour… supposedly he will be a manager in 3 months. Or so they say.
To Lisa: I would absolutely sell TWO of the cars but I am way upside down on them. I don’t think anyone would be dumb enough to buy them unfortunately. Hopefully someone will steal one and total it lol.
To the people offering loans to me: No thank you. I am trying to GET OUT of debt…. not get further in debt.
I REPEAT: I CANNOT SELL MY CARS BECAUSE I OWE TOO MUCH ON THEM.
Also, when I lived in Kentucky my son went to daycare for 95 a week. But in Minnesota the cheapest I can find is 180 a week for him and 195 for my daughter. It all depends what part of the country you live in. And to the person telling me I’m lucky to be able to pay my bills obviousely doesn’t understand my question. I WILL NOT BE ABLE TO PAY MY BILLS paying 1600 a month or more in child care.

 
6 Comments

Posted in Annuity Immediate Quote

 

Who should I go see to get tax help a cpa, tax attorney, or H&R Block.?

07 Jun

This year if I purchased a home there are new tax deductions in place. Who can help me with this when I file next year. Who is best fit to help me file my taxes.

 
3 Comments

Posted in Annuity Immediate Quote

 

Hi I am looking for a Job and I am desperate I have posted my resume everywhere!!!(Orlando, Fl)?

07 Jun

I have experience designing electronic security systems (I do not have security clearance, I am not American citizen) I did tried to start as a Financial advisor( Recently I got my MBA and I really enjoyed my invesment and derivates classes) I have received my series 7 and series 66 and life health and variable annuity licenses, but unfortunately the company that gave me sponsorship considered three days before my hiring date ( there is 4 months process to get licensed) the my natural market was not mature yet ( I just moved to Orlando) if you know something where my education, experience, or skills fit please let me know!!!!
I am willing to start in any position if the company if I have the possibility to grow inside the company.
Engineering background
MBA
Investments
Managament

 
1 Comment

Posted in Annuity Immediate Quote

 

Child beneficiary of deceased grandmothers annuity, what now?

07 Jun

We have just been notified by a bank that our 17 year old college bound daughter is the beneficiary of a sizable annuity. It will cover almost all college costs. We don’t even know what to do next. We were going to apply for financial aide for college expenses. Now she will have money and we don’t even know if we want or have to tell her yet (though we are pretty sure that college would still be her primary choice). She wont start college until next July. We want whatever is best for her. Should we somehow invest this for her, or pay the college off and get a loan for her housing and other expenses while persuing her degree?

 
2 Comments

Posted in Annuity Immediate Quote

 

i would like to know how to calculate the future value of an annuity?

07 Jun
 
3 Comments

Posted in Annuity Immediate Quote

 

Should I support my father??

06 Jun

he’s done very bad drugs and has been arrested many times for attempt to sell drugs to minors. he doesn’t call me on my birthday or on holidaysunless my mother (they are divorced) calls him and tells him to call back and ask for me and my sisters to talk to us for these special occasions. he has also never paid child support for me and my sisters(2). he has told my mom, my sisters, and i countless times that he has quit smoking, yet whenever i visit him i can walk into the bathroom and smell smoke that’s not only from cigarettes. i know the smells because some of the kids smoke the same illegal things in my school. right now, my dad is in rehab. one night he was so trashed that he called his own mother for help and she drove atleast over 100 miles in the middle of the night to check up on him and found him sick. so she put him in rehab. i don’t think he loves me at all, since he doesn’t even care enough to call us back when we called on his birthday. do you think i support him?

 
5 Comments

Posted in Annuity Immediate Quote

 

How are we doing financially?

06 Jun

posted this a few days ago but realize I didn’t give enough detail…Here it goes…

Income-105k a year
Mortgage 117@5.35% (30 year fixed)
Home equity-38k
Liquid-15k
Semi liquid 6k
Investments (roth, ira and stocks)–94k
401K-25k
Annuity 5k
Another 26k to be paid to us in july (funds in transfer already)
Our budget will allow us to save 1000 to 1500 a month after taxes (not including the 5% for 401k, which I never factor in, because I never receive)

Little cash poor, I know, due to wedding, honeymoon(paid off already), house buying, ring buying, etc…

Expect to start fertility treatment at 400-2000 a month in july, but in jan could cost more if I haven’t conceived yet. (Dr thinks it’s a certainty because we both have mild factors, but is also convinced we will NOT need invitro, but I like to play worst case scenarios).

I want to know, all things considered, how are we doing. We are 25 and 29. We’d like to retire by 56 and 60 respectively. I know some of y’all answered this before, but I didn’t give full information.

Also, when we talk to different people, we get the feeling that most people at our age are where we are or ahead of us, but that simply can’t be true based upon what i’ve heard thru statistics. How are we doing compared to MOST in our age group? Keep in mind we live in Texas, not NYC. Some days I think we’re doing really well, and others I think of how far we have to go till we can retire and how fast the time goes. Thanks for the help/perspective. Y’all were really insightful the first time around, but this may help even more

 
4 Comments

Posted in Annuity Immediate Quote

 

How much should I contribute to my annuity?

06 Jun

I recently purchased an annuity.

My initial purchase was $10,000.00
I’m wondering how this works. Do I add money to it monthly? weekly?
What do people usually do?
I want to make the best of this annuity so that when I’m much older (30 years old now)…say 65 I will be able to have a nice fixed income.

Thank you,
Steve

 
3 Comments

Posted in Annuity Immediate Quote

 

Financial Math??? Helppppppppppp :(?

05 Jun

Thanks for even looking at this question – whether you answer it or not. I am at a point where I am thinking… burn the math block.

On January 1st 2008, Sam took out a home loan for $100 000 over 15 years at an interest rate of 6% p.a. compounded monthly. Equal repayments were made off this loan at the end of each month [from this I gather it is an ordinary annuity problem]. Sam won Lotto – and won $30 000 and used it to pay off his home loan. He paid $30 000 into his home loan account on 1st January 2013. If he then continued with his same monthly payments (the payment plan he had before Lotto), how much longer after 1st Jan 2013 would it take to pay off the loan completely?

 
1 Comment

Posted in Annuity Immediate Quote

 

if you got divorced, and had to move to support your child. would you force your x to stay and face a shelter?

05 Jun

if you knew, your x could not afford to raise your young child.in the town you reside. and the therapist (as well as other professionals) say that child cannot live with the father.and now after a year mother is facing bankruptcy, eviction and is unable to pay all the bills.why would the x force you to stay, and not go live with family during this time? so she can get back on her feet.why please help me to understand ( and yes it was an abusive realtionship when married,) but mother asked to go to her mothers over the summer to make money for her and the child and has here somewhere she feels secure with her daughter, and x refuses.time and time again, only allowing the situation to get worse.
what is one to do?
i am now in poverty ,.i have sold everything i own to make money.time in and time out i have tried to find employment from 8 to 2 but the economy is so bad,
i started my own biz. it is slowly getting off the ground but because of where we live i am limited in the work i can take on for my biz (which is home based as my daughter has been though alot of trauma. so i make sure i am here for her. her father demanded us to stay as he was to see her at the min 18 days a month. last month it was 6, moth before 7 and so on..
why is it the shelter or being face with charges for leaving how is this an option that is better than living with my mom?

 
4 Comments

Posted in Annuity Immediate Quote

 

Please… find the future value of the annuity (I dont think it’s that hard)…?

05 Jun

Payments of $6000 at the end of each year for 25 years at 5% interest compounded annually.

What is the future value of the annuity?

$_____ (round to the nearest cent)

 
2 Comments

Posted in Annuity Immediate Quote

 

What’s it like to be a tax attorney?

05 Jun

I’m thinking of going to law school. My undergrad is in accounting and I really enjoy accounting and taxation. I’m working at a larger law firm now, but am unsure of the enviroment due to all the egos. Also, everyone keeps advising against law school. I do not come from a professional family and would be doing this without many personal connections. HELP

 
3 Comments

Posted in Annuity Immediate Quote