That's because the insurance company would otherwise lose
money liquidating assets to fund your surrender (bond prices go down when interest rates go up).
Not exact matches
Rather than taking this
money from your retirement
assets, consider
liquidating some appreciated stock and lending it to your company.
You should also be able to access your
money for anything you want, any time you want, without having to ask permission or sell or
liquidate assets.
Cash Equivalent — A tool used to move
money between different
assets that is easily
liquidated to cash.
Money Market —
Assets that can be traded and
liquidated quickly that also have short maturities.
Any interest rate increase on the borrowed
money can not significantly impact a person's ability to pay off the debt, or they may be forced to
liquidate the
asset at unfavourable rate / prices.
Other than in terms of cash - type emergency funds (my general policy is to have enough cash to get home, however far from there I might be) I consider available credit +
assets that can be
liquidated reasonably quickly to count as emergency fund
money.
Having a chunk of
money in savings allows me access if I need it and plenty of time to start
liquidating other
assets if I need more later.
If you don't need those funds (because, say, you're still
liquidating taxable
assets or because you're getting so much social security / pension
money that you don't need much from that source) then it would be great to have some
assets in a Roth that you don't have to touch.
I park the initial contribution and the CESG in a
money market fund, which I then
liquidate and buy four funds according to my
asset allocation target (TD Canadian Bond Index eFund: 20 %, TD Canadian Index eFund: 20 %, TD US Index eFund: 35 %, TD International Index eFund: 25 %).
This simply means that you can authorize the movement of
money into an IRA as well as stocks and other non-cash
assets without
liquidating them.
This means the bank may force you to close your business and
liquidate assets to recoup their
money.
Your only viable
asset would be the 401k, but after penalties and taxes for early withdrawal you would not have much left, and I would never recommend
liquidating retirement
assets to pay debt anyway (though if you did get really desperate you could always take a loan from the 401k to pay off the highest rated debt — you'd have to pay the
money back though, plus interest).
Mr. Barse ordered the fund's
assets moved to a «
liquidating trust,» which meant that shareholders (a) no longer knew what their accounts were worth and (b) no longer could get to the
money.
If you don't have the cash saved or you don't want to
liquidate other
assets then the only feasible way to purchase the Canadian home would be to obtain a mortgage or line of credit on your Mexican home, then exchange that
money and use it to buy the Canadian property outright.
Cash is essential in the retirement phase or your life to have
money you can draw on without having to
liquidate or sell
assets.
This means that, generally, if the issuing company becomes insolvent and its
assets are
liquidated, you may only get back your
money after all the secured creditors have been paid.
If the
assets are materially longer or contain more equity risk than a
money - market - like investment, there may be a loss when the
assets are
liquidated to pay off depositors.
Ask yourself: would you be better off
liquidating your business
assets and putting the
money into treasury bills?
If the amount a driver owes for bodily injury and / or legal fees exceeds the coverage provided by their policy, they will be forced to spend
money from their savings or
liquidate assets to pay their debts.
By
liquidating a non-core
asset, real estate, firms can use the
money to grow their businesses.