Do Annuities Help Plan for a Retirement Income

By Mari Cates

How can annuities build up income or savings?

Who sells annuities? Insurers market them because they combine investment and insurance features. Two common reasons people purchase them is to save for a long term goal, or to assure income later. So even though people tend to associate them with retirement income, they can also be used for other reasons.

There are two main types of way to build up the cash value, so something can start generating income for retirement.

An immediate annuity is funded by one large sum at the start. Consider a retiree with a lump sum payout or a person who has inherited cash from a family member. This product, as the name implies, begins to make income for the owner right away.

Deferred - These must be kept intact for a period that is specified in the contract, and are meant to accumulate cash value over a period of years. They can be funded with one lump sum, periodic contributions, or some mix of the two. You would probably consider this to fund a retirement that is several years in the future.

How do annuity payouts work? By now you probably realize that you are investing your cash in order to be able to withdraw cash back. Some annuities may be guaranteed to pay for life, while some may only pay for 10 years. The option that you choose will depend upon your own assets, needs, and individual circumstances.

You can also find annuities with flexible options, so that the owner does not need to take payments. Some people use this to set aside an emergency fund or leave money for their heirs.

One big advantage of buiding cash this way is favorable tax treatment. Both gains and compouding are free to go without being taxed. Income may or may not be taxed depending upon the qualified or non-qualified tax status of the contract.

Many people consider fixed annuities because of their safety. Risk is minimized if they pay at a contract rate, or even if they are tied to a market index.

Consider one common market like the S&P 500. In good years, when the index goes up, the cash account will grow at a rate that is pegged to that market index. In down years, when the index is down, the cash account will be guaranteed not to lose money. It may either be set to remain stable, or even to earn a set rate like 2%.

Now that you understand a little bit about annuities, you probably want to know how long you can get payments for. You probably also want to know how large those payments will be. Of course this depends upon your accumulated cash value, growth rate, and the type of product you have. - 23223

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To get more help, look here - Explain Annuities. Find defereed or Immediate Annuity Quotes.

Cherry Creek Condos in Denver, Colorado

By Michael Canon

In the southern central part of the greater Denver area lies Cherry Creek. Cherry Creek has many upscale shopping areas and schools that it has become well known for. The neighborhood has 100,000 residents yet it maintains an urban and suburban feel to it at the same time. Cherry Creek is at the southern border of the city which is what the city is named after. Cherry Creek is an expensive place to live due to its upper class nature and excellent school system. Cherry Creek condos could not avoid this cost either.

Cherry Creek North is an upscale shopping area that the city is well known for. There are many shops in Cherry Creek North, over 600 in fact, ranging from art galleries and cafes to high end restaurants and salons. Not too far from Cherry Creek North is the Cherry Creek Mall. The mall happens to be one of the best places to shop in the whole state. There are many different department stores and smaller stores that are in the mall that total over 160.

Cherry Creek has much more to offer than just an extravagant shopping experience. Residents can go to the parks and trails as well as do community events that happen annually. Every year there is an arts festival that takes place. The event is so big that it attracts over 350,000 guests every year. The event has over 200 national artists and is the number one out door arts festival in the whole country. There are eight stages that have performances and shows during the Fourth of July weekend. The Gates Tennis Center is another well known attraction that has many players who use the facility every year.

The real estate in the city has been having changes since the late 70s. The city is unique to live in because it is architecturally diverse. As a part of the rebuilding program Cherry Creek condos and townhomes have been replacing older buildings. The price range varies greatly, from as little as $180 per square foot all the way up to $600 per square foot! The city has also seen some high end Cherry Creek condos that are under construction. Some of the new condos that have been being built have a rather high price tag between $3.5 million and $6 million.

There are many Cherry Creek condos that are currently for sale. These condos also have a wide range of prices that stretches from $150,000 up to $4.7 million. $692,000 is the current median price per condo. The average price of the condos is $890,000. Cherry Creek condos price per square foot averages out to $321.

Many people of Cherry Creek enjoy the upscale environment the city has to offer. A good portion of the city has married couples with children and an average income of $200,000. Cherry Creek condos are a great place to look into if you are planning at moving into the Denver area as you'll have everything close by. - 23223

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Michael Canon is a top Denver realtor with the Canon Colorado Team who have been frequently quoted by the Denver Media as real estate experts. Michael will help you find that perfect Cherry Creek condo or townhome that you're looking for. Make contact today by visiting Cherry Creek Condos or Cherry Creek Townhomes!

Have You Ever Wondered Where To Get Cheap Mobile Phone Deals?

By Chuck Stone

When people hear the words "cheap mobile phone deals" they feel as though they have to give up something in return just to save money. While this may be true in some instances; it is not always true when it comes to the cellular technology. In this article we are going to discuss how easy it is to find some of the cheap mobile phone deals and why you should never pay full price for another phone.

Are you one of the thousands of people everywhere who love getting a great deal? Are you the type of person who seems to always purchase the next thing even though you may not know what you are getting. Well if you are looking for a great deal and do not to wast your money on dealership prices then you have come to the right place. We all know that most people in today's society are trying to save money on almost anything that they can; especially as the cost of everything such as gas continues to rise. Well the great thing is that you can learn how to get cheap mobile phone deals without sacrificing features.

First of all most people love the fact that caller ID was invented. After all no one wants to pick up a phone call if they do not know who is on the other end. Well even with some of the most affordable plans you can still add caller ID and not notice a huge increase in the amount of money that it will cost you.

We all know that cell phones have become more popular and extremely affordable that almost everyone has one. However you may not realize that you can get some of the best cell phone deals online. Even if you have never done any type of shopping online; you may want to consider getting your next phone online. You will get some of the best deals without having to pay those high prices.

If you walk into one of your local dealerships and a sales person helps you purchase your phone; then someone has to pay his commission. His/ her commission is coming from the price of the phone. If you jot down the name and brand of the phone and then walk out of the store and go to some of the online vendors and type in the information of the that same phone; chances are you will find it at a lower price than what the dealership was going to sell it for. This is because you do not have to pay anyone's commissions online.

If you found this article on "cheap mobile phone deals - provide you options" then visit our site below. You will find some of the hottest deals around. You can also access some of the latest technology that will help you keep in touch with your loved ones; the best part is that you will have paid less for it than most people. - 23223

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Here's How You Can Make Money With Penny Stocks

By Grant Dougan

Penny stocks are business share offerings available to the public by businesses that are too new or small to have a listing with the dominant stock exchanges. These offer high return possibilities, and the initial investment can be very small, however you also stand the risk of the business becoming insolvent and you losing your money invested. The pull to these kinds of shares because of the fact that even though they face risks there can be huge payoffs.

When attempting to select a penny share to put money in in you are going to require to know a few things about the company. Just like purchasing other stocks, you should want to know the sort of business they are taking part in and what business plans they anticipate in the future.

One of the things that makes penny stocks so attractive is the idea that most of the organizations issuing them are rather uncomplex. One typical sort of penny stock is a mining organization that benefits when the cost of the material it produces increases above a certain level. There are oil extraction stocks that are valued in a similar way.

Penny stocks are seen as a high risk investment, according to the SEC. The risks you might have with these stocks include improper of financial issues, low liquidity and even fraud.

Keep in mind that the reporting guidelines for penny stocks aren't always as rigid as shares on bigger stock exchanges. One of the types of penny stocks is referred to as a "pink sheet" and has almost no regulation when it comes to their reporting and financial accounting standards.

Since there's low or even no regulation or standards, this renders this sort of share susceptible to fraud and dishonest trading. A common schemes is know as a "pump and dump" - this refers to investors manipulating the price of stocks to skyrocket and then dump all of their stocks at once leaving other investors with big losses.

However, we don't want to scare you off! Penny shares always have risks but also have a sizeable potential for a large gain. You can find plenty of real, honest small organizations, and they have tons of potential. Tons of organizations that are looked to as penny stocks are headed to be successful in the oncoming future. If you're able to choose one of these companies, your return on your investment will be hefty.

If you are able to spot organizations that have potential, your profits are going to be huge. Even if you lose on most of your penny share selections, getting one successful pick will be such a great profit that you'll forget about the ones that fell in value. - 23223

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The Secret Short Sales Letter

By Arnulfo Snider

When the value of your home is less than the amount that you owe on your loan, you should consider a short sale. For the sake of argument we'll say that your home is worth 350,000 and you owe 360,000 then a short sale would be a good option to pursue. However, if you don't have to immediately sell your home then you could always wait and see what happens in the real estate market.

If this is not the case then you have 3 options to choose from. One, is to bring money to the table. Say you sell your home for a $10,000 deficit, you would have to come up with that money immediately for the bank. The second choice is to let you property go into foreclosure. Your bank will foreclose on your home and evict you from the premises. They will sell your home to highest bidder at a foreclosure or Trustee's auction. Your third choice is to pursue a short sale. A short sale involves contacting a specialist who will negotiate with the lender on your behalf. The specialist will explain your situation and ask the bank to take less than the value of your home for payment.

In a case where you have a buyer for 240,000 and your loan is for 250,000, you would then explain to the bank that there aren't any buyers willing to pay a higher price. You can continue with a short sale when the lender agrees to the lower amount. Sometimes the lender will consider a short sale before you have a buyer and you can market your property and, if you find a buyer, take their offer to the lender for consideration.

Short sales are not necessarily complicated but do require some work on your part and your agent's part if one is involved.

Figure out the true value of your property. Your short sales specialist will do market analysis which will help you to determine what your home will sell for. You can also use the Internet to help you in this process, there are many real estate sites that you can compare listings to help you determine the value of your home. Take into consideration that the market is constantly moving and your value may only be valid for a short period of time.

You also need to calculate your estimated closing costs. Items such as a title report, escrow, appraisal, attorney fees, agent commissions, unpaid property taxes etc. may add up to a substantial amount of money.

You will need to be aware of how much you have left to pay on your home, include all loans in this calculation.

Calculate your equity. In a normal case closing costs and loans will add up to less than the value of your home. When the opposite is true you can then pursue a short sale.

Be sure you talk to someone who has the authority to make the required decisions. Loss mitigation department at your bank is usually the first step. Lenders do not have to accept your short sale, but most of the time they do because it is in their best interest. Some banks will not take a short sale unless you are behind on your monthly installments. Your lender may not accept short sales so contact them a soon as possible to find out.

Understand where you stand with taxes. Don't low ball this figure. A large amount of taxes can occur as a result of a short sale. Talk to a professional about how much tax you will owe the I.R.S. before proceeding with a short sale. - 23223

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We scoured every corner of the internet to find everything you ever wanted to know about selling your home with a short sale specailist or real estate agent. Here is the absolute best source we uncovered, short sales wildwood nj