Not exact matches
The biggest benefit is taking something that was perceived to be illiquid and of
limited value, and turning it into a
liquid asset that may have an even greater value in the hands of an investor than the original policy owner.
• Balance Transfers, Cash Advances, Cash Equivalent Transactions (transactions in highly
liquid assets, e.g.
assets that are directly convertible to cash such as, but not
limited to, money orders, travelers checks, foreign currency, gambling chips and lottery tickets), Purchases made by or for a business or for a business purpose, fees, interest charges, and unauthorized / fraudulent transactions do not earn AAdvantage ® miles.
However, when the parties have substantial
liquid marital
assets, the family court has [in my
limited experience] almost always allowed the primary wage earner access to at least 10 % of the
liquid marital
assets to fund the litigation.
The court
limited the husband's total share to # 2 million from a total pot found to be # 6.9 million at first instance, but excluded the wife's
liquid capital from being part of the matrimonial
assets for equal sharing.
If you think you might need that money down the road and you have
limited additional
liquid assets, an immediate income annuity is probably not the best choice for you.
Downside: Homeownership tends to involve unanticipated costs; so buying a home with extremely
limited liquid assets can be dangerous.