Posted by admin
on May 31, 2008
Cash Advance /
1 Comment
j asked:
I’m not over my credit limit, I have quite a bit of available credit actually, but the cash advance limit on my card had been lowered without my knowledge when I tried to complete the wire transfer. Is this going to ***** up my credit rating? I simply called Western Union, tried to wire a couple hundred bucks, and was told the charges wouldn’t go through. Are there any negative consequences to this?
Tags: Attempt, Couple Hundred, Credit Rating
Posted by admin
on May 27, 2008
Selling Annuities /
1 Comment
Hardat R asked:
a company that sells annuities must base the annual payout on the probability distribution of the length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients would receive payments between ages 66 and 75?
Tags: Annuities, Participants, Standard Deviation
Posted by admin
on May 22, 2008
Cash Advance /
3 Comments
ohioian asked:
Does anyone know of any places online for a quick cash advance?? yes I know they arent good but im not asking for your opinions just an answer to whether there are any places that I can get a quick cash advance??
Tags: Cash Advance
Posted by admin
on May 14, 2008
Cash Advance /
4 Comments
lbrittany1017 asked:
i need a cash advance, i quit my job. i found a new job, and i start tomorrow but i need a cash advance to pay my bills before they get shut off, and my credit goes bad.
any body know of a site online where i can get a cash advance from, paying a minimum monthly charge or biweekly?
Tags: Biweekly, Cash Advance, New Job
Posted by admin
on May 11, 2008
Selling Annuities /
3 Comments
pcreamer2000 asked: I recently discovered that I really have a pension coming.
I worked at Rockwell in the 80’s-90’s and rolled over my savings 401k to IRA in 1995 after layoff.
Last week discovered that I still have a pension despite being told then I didnt qualify.
This pension is now a Boeing pension (part of why I now qualify).
QUESTION:
The pension is a ‘Life Annuity’ and is not roll overable or lumpsum available.
Short of waiting till retirement… Is there a way to sell it?
If not I have every intention to wait till age 65 (im 49 now) to collect the pension for life. And the pension is small its about $400 (w/wife 100% option).
Btw, I have other $$ and pensions so this one is extra.
but if I could get the pension totally now I would do better than 5.25% that the pension does to give me the life annuity?
I assuming this idea is definatley a no-no.
Tags: Ira, Pensions, Rockwell
Posted by admin
on May 10, 2008
Selling Annuities /
3 Comments
papafazu asked:
84 year old Utah mother was living alone and had to move to a nursing home. She is low income, with social security and small annuity. All agreed to take what they wanted from her home before the house was put up for sell . After items were taken by children and grandchildren the daughter returned home to AZ and the son to his home near his mother’s care center.. The son was made sole power of attorney and left to help take care of his mother’s affairs. He sold her car and had a yard sale and put the money into the mother’s account for bills the son helps her pay. He put earnest money for the entire amount of the home sale in the mother’s account to be available at closing. It was implied by all that everyone was acting in good faith until the daughter refused to sign the closing papers. What can be done if the daughter continues to refuse to sell? It is costing the mother and son financially and emotionally.
Tags: Attorney Help, Social Security, Sole Power
Posted by admin
on May 06, 2008
Selling Annuities /
1 Comment
carin asked: 9. An insurance company sells single premium deferred annuity contracts with return linked to a stock index, the time-t value of one unit of which is denoted by S(t). The contracts offer a minimum guarantee return rate of 3%. At time 0, a single premium of amount P is paid by the policyholder, and P*y% is deducted by the insurance company. Thus, at maturity (in one year), the insurance company will pay the policyholder:
P*(1 - y%)*Max[S(t)/S(0), 1.03]
You are given the following information:
(i) Ignore any consideration of dividend payments.
(ii) S(0) = 100.
(iii) The price of a one-year european put option, with strike price $103, on the stock index is $15.21.
Determine y%, so that the insurance company does not make or lose money on this contract.
Tags: Dividend Payments, Insurance Premium, Maturity
Posted by admin
on May 05, 2008
Selling Annuities /
3 Comments
Nicolas O asked:
I’ll make this as short as possible. I had an annuity fund set up when I was 5. The payments were to be paid out in 2000, 2002, 2004, 2006. Right before turning 18 my father practically forced me to sell the annuities for one lump sum payment. I talked my way into keeping the last one. So we sold the first three for pennies on the dollar. I entered the contract before I was 18, but it was finalized a few days after my 18th B-day. In 2004 I received a check for X amount of dollars from the annuity fund by mistake. I kept it and spent it all. Soon after I was contacted by the buyers. Since I still had the last payment, we came to an agreement for repayment. Now they are wanting me to sign the agreement again because they lost the originals. I’ve now changed my mind about how much to repay them back while the money is just sitting in the fund. I called the annuity company and they said it can’t be touched until both parties reach an agreement. What should I do?
Tags: Annuities, Annuity Company, Money
Posted by admin
on May 04, 2008
Cash Advance /
1 Comment
ariesalways411 asked:
How to ask for cash avance at work?
Hate to ask but Im moving and really need a few hundred more dollars. Im having to pay rent for both places this month. How should I ask…cash advance, payroll advance…What? Do I offer on how to payback? Id want them to take alittle from every check or I canjust give him at least alittle every week and then give him more when I have it
Tags: Cash Advance, Cash Avance, Payback
Posted by admin
on May 02, 2008
Cash Advance /
4 Comments
Please help! asked:
I have cash advance checks from my cc. I need $200 in my checking account right now and was wondering if I can write a cash advance check to myself and deposit it to my bank checking account. I will be able to “pay it off” in 2 weeks so I am not too concerned about the interest rate.
So, my questions are:
1. can I write a check to myself with my cash advance checks (and if yes, do I make the check out to myself)?
2. If I write it for 200 dollars and I pay the credit card company 200 dollars in a couple of weeks will the money go to paying off the cash advance or will it go to paying off my regular balance and the cash advance part will be the last to be paid off??
Tags: Advance Cash, Check Advance, Money
