What is GDI? GDI is Global Domains International, or GDI business. The system can create income for life.
income for life3:35PM April 06, 2012
It is really quite easy to keep ahead of inflation with annuities.
Here are a couple of ways to build your nest egg without risk and keep ahead of inflation!
Grow your nest egg without risk: http://retiredsafely.com/index.php?p=1_25_Grow
Keep ahead of inflation with annuities: http://retiredsafely.com/index.php?p=1_28_Beat-Inflation
Randy McKeeof SD10:28AM May 14, 2010
Go to YouTube, search word: FedEx Inhumane Treatment.
http://www.youtube.com/watch?v=4YnbcCV2KI4
JCof KY12:54AM May 09, 2010
The CLASS Act's $50 per day "average benefit" will only cover a small portion of the $75,000+ per year most Americans pay for in-home care. Most people who want to protect their savings will still need to purchase long-term care insurance.
One of the biggest problems we face is that most Americans still think that Medicare or their medical insurance covers the cost of long term care.
The CLASS Act addresses this problem by making a very clear statement: You have to pay for your own long term care. You either have to pay for your own long term care by using your savings, the $50 per day CLASS Act benefit, long term care insurance, or a combination of these.
Most of the ten million Americans who own long term care insurance, own it because they've seen friends or family have to spend down their assets before qualifying for Medicaid. The CLASS Act will help alert the rest of the country to the fact that they need to financially plan for their future long term care needs.
The projected premiums for the CLASS Act are much higher than a comparable long term care insurance policy for 2 reasons:
1) Anyone who is working (even just part-time) can enroll in the CLASS Act regardless of their health history. Enrollees with severe diabetes, M.S., or Parkinsons will pay the same amount for the CLASS Act benefit as those who are in perfect health.
2) Those who earn less than the federal poverty level will be automatically enrolled in the CLASS Act for only $5 per month (unless they opt-out). Their premiums are being subsidized by the rest of the enrollees.
Scott A. Olson
Redlands, CA
Scott A Olsonof CA12:49PM May 08, 2010
There is a very good chance that inflation will erode an income over a long time. You need increasing income not fixed if you live a long time.
$40,000 yearly today could easily be worth $10,000 a year in 30 years. Some hedges are real estate and stocks that should increase with inflation. My preference is natural resources stock but that is me. I figured that nursing home care may cost around $1 million per year should I live to my upper 90s. Of course another hedge is long term care insurance with an inflation factor. The government is apparently coming out with a small long term care policy which is worth watching for to see the details. Scary
Eriemasterof OH3:21PM May 07, 2010
Be wary of commissioned salesmen selling any form of annuity (especially variable annuities). Prepare a DETAILED list of questions with the held of a separate adviser, and get the answers in writing....insist on it...prior to meeting.
Ask the salesman to agree (in writing) to a fiduciary relationship in your dealings, and get his/her boss to sign-off on that relationship as well.
Lastly .... tape record (& video if possible) your meeting/discussion. Never hurts to have proof if/when they lie.
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income for life 3:35PM April 06, 2012
Randy McKee of SD 10:28AM May 14, 2010
JC of KY 12:54AM May 09, 2010
Scott A Olson of CA 12:49PM May 08, 2010
Eriemaster of OH 3:21PM May 07, 2010
Been There of NY 9:52PM May 06, 2010