How a Buyer of Structured Settlement Annuity Can Make Things Clear, Part I
- This was posted on April 29, 2010
I don’t know about anyone else but I need a certain amount of guidance when it comes to my finances. I am relatively responsible and I’m certainly open to whatever suggestions that well-meaning people may have for me in terms of where I can get the most bang for my buck; but I don’t take advice from everyone. I need to know that you know what you’re doing financially speaking. In other words, I want professional advice and the rest of that advice out there everyone can keep to themselves. This was essentially how I approached the decision to sell annuity payments. I knew what I wanted and needed. What I didn’t know was how to achieve these things - the process by which I could make the most money and do the right thing. The professional that I turned to in this situation was a buyer of structured settlement annuity.
When you sell annuity payments, as I was doing, you are taking future payments that come from an annuity - payments that are typically the result of a structured settlement - and trading them for their current cash value.
I had a structured settlement because of a personal injury case that I had been involved in a few years back. The money awarded to me was put into an annuity and sent to me in equal installments on a monthly basis. By trading future payments for cash in hand today I could tackle my mounting debt that had been plaguing me and even put a downpayment on a home. The long and short of it was that the money in the structured settlement - at least some of the money - would do me much more good in a lump sum than it would in payments that trickled in month to month.
Things really became clear, however, when I started working with my buyer of structured settlement annuity payments; a professional that I really trusted. More in the next post…
Popularity: 23% [?]