AnnuityNet.com Launches Partnership With Innovative Financial Services Portal OnMoney.com.LEESBURG, Va.--(BUSINESS WIRE)--Oct. 1, 1999-- AnnuityNet.com today announced an alliance with OnMoney.com that will include access to annuity investment information and products for customers who manage their finances through the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. destination. Launched nearly a year ago, AnnuityNet.com's creators harnessed the power of e-commerce to cut costs, give investors more control over their retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. and make annuities simpler to buy and understand. OnMoney.com is America's unique interactive financial manager created to help people organize, manage and grow their money. Subscribers can easily create portfolios, track day-to-day spending as well as manage long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . Through partnerships like the one with AnnuityNet.com, its customers can also locate great deals on loans, insurance, credit cards, prepare for retirement and other life-changing expenses like college. Once a subscriber has logged on to OnMoney.com, all account history data can be downloaded directly from their financial institutions and viewed in a personalized, consolidated portfolio. AnnuityNet.com will implement technology to make this feature available to its investors who subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; OnMoney.com, making it the first provider of access to annuities online. OnMoney.com will also provide up-to-the-minute financial news and expert advice on everything related to personal finances. "More and more consumers will turn to OnMoney.com for the unique convenience, efficiency and freedom of choice they provide," said AnnuityNet.com Creator and President Shane Chalke. "This concept goes way beyond online banking sites and we're jazzed to be along for the ride." AnnuityNet.com purchasers benefit from the cost savings of buying through the Internet and the power of tax deferral tax deferral The delay of a tax liability until a future date. For example, an IRA may result in a tax deferral on the amount contributed to the IRA and on any income earned on funds in the IRA until withdrawals are made. available through variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. . The entire transaction takes place online. Investors can manage their accounts and switch funds without charge, 24 hours a day, seven days a week. "Nowhere on the Web can today's savvy consumers find a place to balance their checkbook, view their net worth, access online investments...the list goes on," said Vince Passione, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of OnMoney.com. "We quickly learned that AnnuityNet.com is the premiere provider of access to variable annuities online and that a partnership with them would prove valuable to our customers." OnMoney.com is America's unique interactive financial manager. OnMoney.com gives consumers the freedom to be in control of their personal financial lives by giving them everything they need to manage their money, accounts, bills, and investments via the Internet in one, secure, easy-to-use location. Currently, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ameritrade Holding Corporation (Nasdaq: AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ), OnMoney.com is headquartered in White Plains, N.Y. Based in Leesburg, Va., AnnuityNet.com is the first company to reengineer variable annuities for sale through the Internet. Investors can also access AnnuityNet.com through America Online's Sage Channel, Quicken.com's Annuity Center and Motley Fool's Tax & Retirement Areas. |
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