newjerseynewsroom.com

1. Powerball winning numbers worth $245M
(Money/Economy)

... lottery history. Eight workers from Nebraska split $365 million in annuity winnings in 2006 to mark the highest annuity payout in United States history. Lottery ticket sales are generally cut off ...

2. N.J. senior citizens warned to be alert for fraud during Medicare Open Enrollment period
(Money/Economy)

...  • May not try to sell you non-health care related products (like a life insurance policy or an annuity) during a sales or marketing presentation of a Medicare plan; • May not attempt to sell you a ...

3. Powerball drawing will be for historic jackpot
(Money/Economy)

... drawing back in April. The annuity prize there was $221.7 million. Powerball is no stranger to huge payouts. An Associated Press report on MSNBC said the biggest lottery win ever on a single ticket came ...

4. N.J. Assembly approves 'millionaires' tax' and $600 million in school aid
(N.J./State)

... to receive Social Security payments and make $100,000 or less in annual gross income may exclude $20,000, $15,000 or $10,000 of various pension, annuity and retirement benefit income, depending on their ...

5. By the numbers: N.J. pension and benefit changes
(N.J./State)

... and Annuity Fund (TPAF) Employees: Updating the Formula for Retirement Eligibility: Establishing the normal and early retirement age at 65 years. Adjusting the early retirement penalty to 3 percent ...

6. Powerball winning numbers worth $171 million
(Money/Economy)

... their prizes in annual installments over a 25 year period. The annuity is now available in 30 payments to be made over 29 years. POWERBALL WINNING NUMBERS FOR MAY 28, 2011 12, 20, 43, 51, 55 and Powerball ...

7. ‘My adviser tells me: Sell everything’
(Money/Economy)

... also mutual funds, into a fixed annuity. So basically he was saying I should sell ALL of my mutual funds (a total of $150,000) and put them into annuities, all based on his belief that the market will ...

8. Powerball winning numbers worth $187 million
(Money/Economy)

... drawing, so the current estimated annuity value for Saturday night’s drawing is $187 million, with a cash option of $94.6 million. The Courier Post reports there were seven tickets that matched five ...

9. Mega Millions clears $300 million mark, making history
(Money/Economy)

... then $355 million. Once sales were tallied, the annuity payout was revised to $380 million. According to official reports, it's the sixth biggest Mega Millions prize of all time, and the 12th largest ...

10. Mega Millions winning numbers worth $172 million
(Money/Economy)

... officer for a company that buys lottery annuity payments in exchange for lump sums, told bankrate.com, "In New Jersey, they manipulate the reality of the situation to sell more tickets. Each winner takes ...

11. Don’t get caught in the reverse mortgage financial trap
(Money/Economy)

...  Another trap to avoid is getting a reverse mortgage to secure funds to purchase an annuity or other financial product hyped by a smooth talking salesman. Hustlers are out there who seek to get seniors ...

12. Excessive pensions are the Root Cuse
(Comments/Unsorted comments)

... interest to the end of the 30-th year is $508,100, not $850,000 and therefore insufficient to purchase the same annuity payments as that provided by this pension. For $100 to accumulate to $850,000 at ...

13. The Wall Street Journal, Making the Case to Buy an Annuity
(Comments/Unsorted comments)

The Wall Street Journal, Below is a link to a recent Wall St Journal.com/Dow Jones article titled “Making the Case to Buy an Annuity” that I believe you will find interesting and helpful. Click link, http://online.wsj.com/article/SB10001424052748703954004576089761660773344.html?KEYWORDS=making+the+case+to+buy+an+annuity ...

14. Mega Millions winning numbers worth $127 million
(Money/Economy)

... $3 to $100, with over one hundred of those players winning $100. One of the more frequent questions about Mega Millions to come up is the difference between the annuity prize and the cash option. According ...

15. A horrible way to invest $1 million
(Money/Economy)

... better – went to a bank for help. A broker there put the entire $1 million into (a) the B shares of various mutual funds and into (b) a deferred annuity – one that doesn’t pay until sometime in the future. ...

16. Mega Millions winning numbers hit $105 million
(Money/Economy)

... number. All other non-jackpot prizes will be multiplied by the Megaplier number drawn. Megamillions.com reminds players that winners can choose how they would like to be paid. The annuity option provides ...

17. Mega Millions winning numbers worth $355 million
(Money/Economy)

... lump sum payment or annuity. You'll want to see what taxes need to be paid right away. Financial advisors recommend placing your prize in an interest-bearing bank account for the first few weeks at least. ...

18. Mega Millions winning numbers worth $242 million
(Money/Economy)

... annuity jackpot estimate for Friday night's Mega Millions drawing to $242 million. The cash option likewise has been raised another $3.2 million to a rather huge $154 million. Brisk sales nationwide ...

19. Mega Millions winning number gets $200M
(Money/Economy)

... under the annuity option. Officially raising a jackpot estimate before a drawing is rare, and only happens as a result of higher-than-expected sales. Lotteries draw upon historical sales volumes ...

20. Top 11 financial moves investors should make in 2011
(Money/Economy)

... to adult children and using grantor retained annuity trusts to pass tax-efficient asset appreciation to your heirs. Unprepared individuals will provide unnecessary funds to the IRS - wouldn't you rather ...