Some people who engage in this benefit, think that there is a guaranteed interest rate on their money. It is not. In most cases you have to annuitize the contract to access the benefit. It works if you think the market is going up and you keep locking in higher values. You have to be careful and entertain the thought of getting out of the contract before you annuitize and when the contract is above the GMIB value. You come out ahead if you do it that way. Here is a definition of the GMIB from Invetopedia.
Investopedia explains Guaranteed Minimum Income Benefit - GMIB
Receiving a guaranteed minimum income benefit ensures that an annuitant will receive a payment regardless of market conditions. This minimum payment amount is predetermined by assessing the future value of the initial investment. This option is only beneficial to annuitants who plan to annuitize their annuity.
Saturday, June 13, 2009
Thursday, June 11, 2009
Amazing Low Score on GGWT (61) Net!!
The Golfers Gone Wild Tour convened at Cardinal Creek Golf Course on Saturday, June 6. Cardinal Creek has a unique 27 hole layout located in Beecher, Illinois. The course features an upgraded clubhouse and GPS on all the golf carts. GGW played the Center and North nines. But several fairways were in poor condition, with clearly deferred maintenance. One player was quoted calling it “a pasture more suitable for cows and sheep”.
Fortunately, we didn’t encounter any livestock on the course. But even if there were, Country Strong probably would have slaughtered them just like he did the rest of the GGW Field. Ron Wynne lived up to his nickname, “Country Strong” and shot a blistering low 61 net. He also set 2009 season records for low net, low gross and skins won in a single round.
Country Strong led a competitive 3some with TaylorMade Kid (64) and The Gambler (65) both shooting well under par net. However, Ron dominated the skins game, winning the first 16. Grade A and The Gambler stopped a complete GGW skins rout by taking skins at #17 and #18 to end the day.
Caught up in the blood and carnage, was the TaylorMade Kid, who actually had a great round. Taylor tied for low gross round for the year with 85, played numerous holes at par and had a sand save birdie on #13. But, each of the pars was pushed and even the birdie was matched by Cadillac Blue.
With the skins wins, Country Strong took the huge lead in total skins with 34. He also jumped three others to now rank with the 2nd lowest handicap. Complete Tour statistics for all including current handicaps are attached. The GGW Match Play Tournament has also been finalized with a triple elimination format. Individual schedules are included in the attachment.
Heritage Bluffs in Channahon, Illinois will be the next stop for Golfers Gone Wild on Saturday, June 13. Heritage Bluffs Golf Course will play long (6617 yards) and tough (132 slope) website link http://ping.fm/3rGm1 It should also be in better condition than Cardinal Creek. After being completely gutted last week, the GGW field should be definitely motivated to prevent another Country Strong Slaughter.
Fortunately, we didn’t encounter any livestock on the course. But even if there were, Country Strong probably would have slaughtered them just like he did the rest of the GGW Field. Ron Wynne lived up to his nickname, “Country Strong” and shot a blistering low 61 net. He also set 2009 season records for low net, low gross and skins won in a single round.
Country Strong led a competitive 3some with TaylorMade Kid (64) and The Gambler (65) both shooting well under par net. However, Ron dominated the skins game, winning the first 16. Grade A and The Gambler stopped a complete GGW skins rout by taking skins at #17 and #18 to end the day.
Caught up in the blood and carnage, was the TaylorMade Kid, who actually had a great round. Taylor tied for low gross round for the year with 85, played numerous holes at par and had a sand save birdie on #13. But, each of the pars was pushed and even the birdie was matched by Cadillac Blue.
With the skins wins, Country Strong took the huge lead in total skins with 34. He also jumped three others to now rank with the 2nd lowest handicap. Complete Tour statistics for all including current handicaps are attached. The GGW Match Play Tournament has also been finalized with a triple elimination format. Individual schedules are included in the attachment.
Heritage Bluffs in Channahon, Illinois will be the next stop for Golfers Gone Wild on Saturday, June 13. Heritage Bluffs Golf Course will play long (6617 yards) and tough (132 slope) website link http://ping.fm/3rGm1 It should also be in better condition than Cardinal Creek. After being completely gutted last week, the GGW field should be definitely motivated to prevent another Country Strong Slaughter.
Saturday, June 6, 2009
Advisors Face Risk Of Jail Time For Misleading Clients
Just be careful. We need honest and ethical advisers. So watch out. If you don't do right you could get put away. Now you are advising about how not to drop the soap!!!
Advisors Face Risk Of Jail Time For Misleading Clients
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Advisors Face Risk Of Jail Time For Misleading Clients
Posted using ShareThis
Consumer stocks to sell now: #1 -- Pacific Sunwear (PSUN)
Consumer stocks to sell now: #1 -- Pacific Sunwear (PSUN)
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I just think that it is about need not greed. We talked about this before. Do not ride this stock train up and down. Get out with a profit. Take your money and put it in something else that is trading low. When it goes up take your money again. Who cares about capital gains taxes. 75% of something is better than 100% of...... well you know the rest. Read the article above on bloggerstocks it is a good one.
Shared via AddThis
I just think that it is about need not greed. We talked about this before. Do not ride this stock train up and down. Get out with a profit. Take your money and put it in something else that is trading low. When it goes up take your money again. Who cares about capital gains taxes. 75% of something is better than 100% of...... well you know the rest. Read the article above on bloggerstocks it is a good one.
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