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Further
Reading ...
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Protect Your ClickBank Products from Online Theft - Tim Coulter
One of the biggest problems faced by ClickBank merchants is the risk of content theft - people downloading their digital products without paying for them. To gain illicit access to downloadable product files, determined content thieves exploit a...
Mortgage Prepayment Penalties - Just Say No - Jakob Jelling
One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for...
Pay Per Click Search Engines - A Fundamental Overview - Kirk Bannerman
Forbes magazine reported that pay per click ads accounted for $1.4 billion in 2002 and are expected to increase to $8 billion by 2008. The fundamental core elements of a successful pay per click program are constant monitoring, analysis, and...
Ecards as a marketing tool - Dessy Oundian
As any successful businessman will confirm, having a great product or service is just the beginning. After all, in this day and age, everything comes down to marketing. The more creative you are in your marketing efforts, the more successful your...
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Love The Thrill of Risk? Invest in an Annuity!
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Written By:
Stephen Bucaro
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With the stock market in steep decline, people are looking for safe places to invest their savings. Many banks and investment companies are pushing annuities. Annuities offer a higher interest rate than CD's, but are they safe?
You could view an annuity as a tax deferred CD. You don't pay taxes on the interest until you start drawing from the annuity. But there are some important differences between an annuity and a CD.
An annuity is a product offered by an insurance company. With giant corporations like Enron, Kmart, Worldcom, and United Airlines going bankrupt, can you guarantee that the insurance company won't fold, leaving you with nothing? Insurance companies are insured by re-insurers, like General Re. But it seems no matter how large a company is, you can't be sure it won't fold. The bankruptcy of a large insurance company might cause the re-insurer to collapse along with it.
Bank CD's are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $100,000 per bank. The FDIC is a branch of the U.S. Government, who, as you know, are the people who print the money. If they go bankrupt, we'll have more to worry about than just losing our savings!
A new type of annuity called a charitable gift annuity has come on the market recently. These are issued by charity organizations. You give your money to the charity, you receive a tax benefit, and in exchange the charity promises you a fixed payment for life. Unfortunately, this scheme has become a mode of operation for con artists.
The charitable gift annuity has - continued below ...
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been added to top ten scam list of the North American Securities Administrators Association. They explain that charitable gift annuities are subject to virtually no federal regulation. Here in Arizona, 430 investors lost their savings in a ponzi scheme run by the Mid-America Foundation Inc.
Banks and investment companies hawking annuities promote the higher than CD interest rates, but they fail to reveal the hidden fees and high early withdrawal penalties. If you need to access your annuity before age 59½, you could be subject to a 10 percent penalty.
With the recent bankruptcies, and discovery that many giant corporations have been cooking their books for years, I feel it's best to play it safe. If you love the thrill of risk, or if you have already purchased an annuity, I wish you luck. As Will Rogers said, "I am not as concerned about the return ON my money as I am about the return OF my money".
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 long as no changes are made and the byline, copyright, and the resource box below is included.
Copyright(C)2002 Bucaro TecHelp. To learn how to maintain your computer and use it more effectively to design a Web site and make money on the Web visit http://bucarotechelp.com To subscribe to Bucaro TecHelp Newsletter Send a blank email to subscribe@bucarotechelp.com
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| _Additional Resources ... |
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All You Need to Know About Restaurant Interview - Hendry Lee
Job interview can be conducted during lunch or dinner. It creates a more relaxed and informal environment. You should remember that it is still an interview. In addition to basic guidelines in job interview session, you have to make sure you behave...
Elements of Timeless Leadership - Karin Syren
Copyright 2005 So-lu'shunz Management Services Great leadership is timeless, always in vogue. The world has been hungry for great leaders from time immemorial. In times of chaos and war, environmental and social upheaval, great leaders often...
A Home Business Can Be YOUR Reality - Janice Sharman
Do you dream about owning your own business and working at home? Turn your dream into a reality. Stop the dreaming today! Making money working from home or going into business for yourself is one of the wisest and best decisions you will ever make. ...
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