Setting Up Retirement with Choice to Sell Annuity Payments, Part I
- This was posted on February 13, 2010
All across the country at the present time most states are in a deep freeze; tunneling through the winter with as much bravado as possible and waiting for spring to someday arrive. I, like most others, have had enough of winter altogether and am anxiously awaiting the change in seasons. I have big plans for the spring (and I’ve had a lot of time indoors to plan) that include a complete overhaul of my home that is up there in years and experiencing a lot of structural problems. I want to get my house together - in the best shape possible - because it is my plan to put it on the market when the economy turns around. This is all in preparation for my retirement; to get my finances in order, sell my house and move somewhere where the cost of living is a lot less than it is where I currently live. Part of my plan also includes the choice to sell annuity payments.
The structured settlement that I have been receiving has been around for years - given to me in an out of court personal injury settlement. To be perfectly frank I had not ever given the settlement that much thought over the years other than to acknowledge how nice it was to have an additional source of monthly income. I didn’t know that I had any other options when it came to my structured settlement than to simply receive it but then I found out there was the option to sell annuity payments - something that I knew would help me to put my retirement plans in action.
Come the spring I will be working with a buyer of structured settlement annuity to sell annuity payments and get the cash I need to do all that I want to do. More in the next post…
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