What is Annuity and What are Advantages and Disadvantages

What is Annuity?

Typically annuity is a fixed amount of money that a person receives each year and for the rest of his/her life. But mostly this fixed amount is paid monthly in installments so that the person can make the financial decisions and plans easily.

It is just like the amount you receive after the retirement from your government job each month. But annuity is a contract that you can make with any private company, a life insurance company or any other party. You have to decide how much you want to save for your retirement.

You can either pay a lump sum amount or you can pay installments and payouts start after a fixed time when you start taking out that money.  There are different types of annuity and in some types, depending on your contract you can take out the lump sum amount of your annuity.

Advantages of Annuity

Guaranteed Payout: In an annuity contract, the annuitant (The person who is supposed to receive the payments) has a guarantee to receive the payment throughout his or her life. The annuitant will keep receiving payments till he or she dies even if he or she has received all the payment written in the contract.

Tax Deferral: This is the only type of investment that you can defer tax. It means that you have to pay out the tax on this amount, but while you are investing, you don’t have to pay any tax. You have to pay the tax amount at the time when you are going to take out the money.

Take Out a Lump Sum amount: In an annuity, you can decide if you want to take out your payments, monthly, quarterly, bi-annually or annually. Even you have the option to take out a lump sum amount that you can invest in your business as well after your retirement.

Sell your Annuity: You can even sell annuity for some cash. It means that while you are taking the monthly payments but you feel that you need more cash then you can sell your annuity payments and get a lump sum cash at any point. If you sell a portion of your annuity, you will receive the cash for that time period and after that time, you can resume receiving annuity payments.

Disadvantages of Annuity

Illiquidity: In some annuity contracts if you start taking out payments before a specific time or specific age, you get penalties and you have to pay some amount against the payment you receive.

High Fees and Costs: This is the most expensive investment as there are so many fees associated with the annuity investment. Initial commission, early withdrawal fees, and ongoing investment management fee is associated with it. So, make it sure that you are aware of all the costs and fees of your annuity contract.


4 Things to Consider Before Taking out a Personal Loan

Whether you are a successful businessman or you are working in a small company and have a limited monthly salary, there might be some cases where everyone has to take out loans to meet with some financial needs. A businessman may want to take the loan to invest more money in the business while a person doing a job might need a loan to pay the utility bills or other unexpected expenses at the end of the month.

But remember that you shouldn’t take the loan without a proper paperwork and you should consider few things before you take out a personal loan to meet your financial needs.

  1. Do You Qualify For a Personal Loan: The first things that you should consider is that whether or not you meed the minimum requirements of taking out a personal loan? The few requirements, which are same in most parts of the world including Singapore, you should be at least 18 years of age and you have a stable source of income. You must be the permanent resident and should be the citizen of the country where you are getting the loan. If you are not the resident, than you must have a valid visa and other documents with you. There might be a few more requirements as well for different companies and in different countries.
  2. What are the Interest Rates: Don’t ever get a loan without knowing about the interest rate on the amount of loan. Many people fill out the documents  without reading the terms and conditions and they don’t know the interest rates as well just because they wanted to get the loan as early as possible. But later on when they have to pay back the loan, the interest rate is too high that they can’t pay the loan on time. So make it sure that you know the interest rate.
  3. Get a Loan from Licensed Money Lender: This is also very important that you take the personal loan from a licensed money lender to avoid any legal issues. Sometimes people might get in trouble if they lend some money from a fraudulent company which involved in illegal activities. So make it sure that you are taking the loan from a licensed money lender.
  4. Do You have a Plan to Pay it off? Before you take the personal loan, you should have a plan to pay it off on time. If you don’t have a plan and don’t have a good source of income then you might be in trouble and your interest rate will keep increasing. In this scenario you will spend your whole life in paying back your loan with interest.

There are few more things that you should consider but these 4 are the most important things to consider before you take out personal loan to meet your financial issues.

Start-Up Business Funding – Tips for Changing No to Yes

All Those relatives you approached told you they’d like to give you cash for your new business but just don’t have it at this time. It’s the exact same story over and over again, but they’ve expenses of their own to pay and investing in a new business is simply too risky.

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Gold And Everything That Needs To Be Known About It

The current growth in value in the marketplace has peaked the interest of investors that are new. There’s a good deal to be heard in order to become more rewarding on your investment. This guide will offer some suggestions about ways to be a wise gold investor.

When you’ve got a wonderful golden bit, look at selling it independently instead of through a golden buying agency or jewelry shop. Many businesses which are in business to purchase gold is only going to purchase it to melt down and market, meaning they’ll pay just for the burden of their gold. A person who enjoys your piece may be happy to pay a higher price tag, as they’re very likely to maintain and revel in the piece.

Really research the standing of the gold dealers that you’re thinking about using. Since gold is this a high value product, there are a couple of unethical surgeries out there that are searching to find the best of you. It is your job to be certain that does not occur. Find out more about the companies completely.

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Effective Advice To Repair The Damage To Your Credit

While good credit is a vital necessity in modern society, it is not a right. Good credit is a privilege earned through smart financial behavior. Those who have made bad financial choices in the past need not be penalized forever, though. There are many simple steps they can take to repair their personal credit.

To build up a good credit score, keep your oldest credit card active. Having a payment history that goes back a few years will definitely improve your score. Work with this institution to establish a good interest rate. Apply for new cards if you need to, but make sure you keep using your oldest card.

If you have several credit cards to pay off, start by paying off the one with the lowest amount. This means you can get it paid off quicker before the interest rate goes up. You also have to stop charging all your credit cards so that you can pay off the next smallest credit card, once you are done with the first one.

When working to repair your credit also check best free credit report, it is important to make sure everything is reported accurately. Remember that you are entitled to one free credit report per year from all three reporting agencies or for a small fee have it provided more than once a year.

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PelajarandalamSejarah Texas Holdem poker88

Texas HoldemdanPoker88:

Sangatsedikit orang yang tahusejarahmerangsang Texas Holdem poker88. Sementarajutaanpemainmenikmatipermainanhariini, hampirtidakada yang bisamemberitahuAndabagaimanahalitudimulaiataubagaimanahalituberkembangkeindustriraksasasepertisekarangini. Sebenarnya, bagaimanapun, bahwauntukbenar-benarmemahamisejarah Texas Holdem, Andaharusmemahamisejarah poker. Texas Holdem, Andalihat, hanyalahvariasi poker yang telahmendapatpopularitasluarbiasadalambeberapatahunterakhir. Poker sudahadasejakabadke 19 … tergantungsiapa yang kamutanyakan. Banyaksejarawanberdebattentangkapan, di mana, danbagaimanapermainanituberasal. Beberapa orang berpendapatbahwaitusebenarnyadimulaidenganpermainanserupa yang dimainkan di masa Renaissance, sementara yang lain berpikirituhanyabenar-benardimulaisaat game poker pertamaseperti yang kitakenalsekarangdimainkan. Kebanyakan orang percaya, meskipun, bahwa poker yang kitamainkanhariinipertama kali diperkenalkanke setter Prancispadatahun 1830-an New Orleans. Banyak yang mengirapemukiminidiperkenalkankepadanyaolehpedagang Persia yang akanbepergian di antararutetersebut. Persia memainkanpermainan poker88kartu yang sangatmirip, yang disebut “As Nas”, yang diyakini orang Prancistelahberubahdandisesuaikandengankeinginanmereka. Namun, cukupbertentangan, nama game modern menunjukkanbahwaituberasaldariJerman, karenainimiripdengan kata Jerman “pochen,” yang berarti “mengetuk.”

Texas HoldemLahir:

SamasepertipemukimPrancis yang kononmengubahdanmengubahperaturan As Nas agar sesuaidengankeinginanmereka, para pemainmengubahperaturan poker untukmenciptakanpermainan Texas Holdemtercinta. Samasepertidengan Poker88, adabeberapaketidaksepakatantentangsejarahpermainansebenarnya. Satuhal yang pasti, meskipun; Itupastidimulai di Texas. Beberapa orang percayabahwainipertama kali dimainkan di Robstown padatahun 1900, sementara yang lain berpendapatbahwaitutidakmunculsampaitahun 1925 di Dallas. Sementaraakarawal Texas Holdemtidaksepenuhnyajelas, kisahtentangbagaimanahalituberkembangmenjadisangatpopulersangatterkenal.

Padatahun 1970, terjadisesuatu yang akanmengubah Texas Holdemdaripermainankecil yang jarangdimainkanmenjadisalahsatu game terpopuler di dunia. Seorangpriabernama Benny Binionmembuka Horseshoe Hotel and Casino. Untukmempromosikan poker88kasinobarunya, diamengambilalihsebuahturnamen poker undangankecildari Tom MooreheaddanKasino Riverside-nya. Binion, yang menjadijeniuspemasaran, akhirnyamengubahturnamenkecilinimenjadi World Series of Poker yang legendaris. Permainanpilihanuntukturnamenbaruitu, tentusaja, Texas Holdem. Padatahun 1975, semuaituadalahkemarahan di duniaperjudian, danhal-halbenar-benartidakmelambatsejaksaatitu.

Supplement Your Income With The Help Of Making Money Online

It seems like today that so many people are looking to work at home, and one of doing is this on the Internet. Are you somebody that has wanted to do this but don’t even know where to begin. Perhaps you need nothing more than a bright idea. You might even find a flash of inspiration in the tips below.

If you intend to make money online, join at least one forum first or poker88. There is a lot to be learned, and you can do so from other people’s mistakes, rather than having to make your own. Introduce yourself, ask questions and make connections too. Networking for online money-making situations can turn into very lucrative jobs.

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The Disadvantages to Owning or Buying Silver or Gold Bullion

In a vacillating economy, many people think that precious metals are the ideal investment. Well, this may be, but there are still some negative considerations. One such consideration is that of deflation. During deflation, the dollar increases in value. This makes it more desirable, and people typically cash in other investments for the dollar. The attempt to cash in gold and silver in mass quantities will lower their value, and make them harder to sell because there will be fewer customers. Lets read full article about Silver Gold Bullion and why you should not buy or own it.

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