Looking for a Buyer of Structured Settlement Annuity This Year
- This was posted on December 30, 2009
This year (I am bound and determined) is going to be a good year for us. Sure, our finances have been a mess, I got and lost two jobs back to back, and the future ownership of our home was certainly under question, but we worked through it as a family and we’re still keeping our heads above water somehow, some way. This coming year I’m looking forward to changing our finances significantly by making the choice to sell annuity payments; something that can change the direction in which we are currently headed.
Annuity payments come to us every month from a structured settlement that we have - money that was put into an annuity after we were awarded it in a personal injury case. Structured settlements are the alternative to a full cash payout of a settlement; instead the money is distributed in equal installments on a scheduled basis. The payments we have been receiving are great and definitely needed but I found that we could do something bigger and better with combined payments - and the only way to do that is to sell annuity payments.
When you sell annuity payments you trade a certain number of future payments for a cash payment today. Facilitating this transaction is a buyer of structured settlement annuity payments; the professional who I will be looking for in the year to come. A buyer of structured settlement annuity helps sellers determine the number of payments they need to sell to come up with the amount of money that they want. The buyer then purchases future payments - giving the seller the cash today in exchange for the right to receive those payments when they come due in the future.
I am currently researching my options when it comes to a buyer of structured settlement annuity; I am fast on my way to helping my family find financial health in the New Year.
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