Love,the,thrill,risk,amp,#63,I finance, share, loan Love the thrill of risk? Invest in an Annuity!
If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
----------------------------------------------------------Permission is granted for the below article to forward,reprint, distribute, use for ezine, newsletter, website,offer as free bonus or part of a product for sale as longas no changes are made and the byline, copyright, and theresource box below is included. ----------------------------------------------------------Love the thrill of risk? Invest in an Annuity!By Stephen BucaroWith the stock market in steep decline, people are lookingfor safe places to invest their savings. Many banks andinvestment companies are pushing annuities. Annuitiesoffer a higher interest rate than CD's, but are they safe?You could view an annuity as a tax deferred CD. You don'tpay taxes on the interest until you start drawing from theannuity. But there are some important differences betweenan annuity and a CD.An annuity is a product offered by an insurance company.With giant corporations like Enron, Kmart, Worldcom, andUnited Airlines going bankrupt, can you guarantee that theinsurance company won't fold, leaving you with nothing?Insurance companies are insured by re-insurers, likeGeneral Re. But it seems no matter how large a company is,you can't be sure it won't fold. The bankruptcy of a largeinsurance company might cause the re-insurer to collapsealong with it.Bank CD's are insured by the Federal Deposit InsuranceCorporation (FDIC) for up to $100,000 per bank. The FDICis a branch of the U.S. Government, who, as you know, arethe people who print the money. If they go bankrupt, we'llhave more to worry about than just losing our savings!A new type of annuity called a charitable gift annuity hascome on the market recently. These are issued by charityorganizations. You give your money to the charity, youreceive a tax benefit, and in exchange the charity promisesyou a fixed payment for life. Unfortunately, this schemehas become a mode of operation for con artists.The charitable gift annuity has been added to top ten scamlist of the North American Securities AdministratorsAssociation. They explain that charitable gift annuitiesare subject to virtually no federal regulation. Here inArizona, 430 investors lost their savings in a ponzi schemerun by the Mid-America Foundation Inc.Banks and investment companies hawking annuities promotethe higher than CD interest rates, but they fail toreveal the hidden fees and high early withdrawal penalties.If you need to access your annuity before age 59½, youcould be subject to a 10 percent penalty.With the recent bankruptcies, and discovery that many giantcorporations have been cooking their books for years, Ifeel it's best to play it safe. If you love the thrill ofrisk, or if you have already purchased an annuity, I wishyou luck. As Will Rogers said, "I am not as concernedabout the return ON my money as I am about the return OFmy money".----------------------------------------------------------Resource Box:Copyright(C)2002 Bucaro TecHelp. To learn how to maintainyour computer and use it more effectively to design a Website and make money on the Web visithttp://bucarotechelp.comTo subscribe to Bucaro TecHelp Newsletter Send a blankemail to [email protected]
Love,the,thrill,risk,amp,#63,I