Archive for July 30, 2015
Congratulations! You just won the lottery! Now you can finally get rid of the debt that has been holding you back from living the life you’ve always imagined. What an incredible feeling. But wait, hold on – you just heard from the lottery officials that you won’t receive those lottery winnings up front, but rather in installments over the next several years or even decades. I’m sure at this point you are feeling deflated and like the rug was pulled out from under you. The process isn’t fair to winners. Don’t lose hope just yet, there is a way to get a lottery lump sum payout by selling lottery payments. Your lottery winnings can also be known as a structured settlement. Selling a structured settlement is a legal proce
Annuity payments are as common as they are controversial. They’re common in the sense that they are used for everything from retirement and life insurance plans to court settlement payouts, but they’re controversial in the sense that the money they store is often inaccessible. An annuity is a financial agreement in which a certain amount of money is “stowed” away for an extended period of time. Ten, twenty, thirty years. Etc. The money is not taxed nor does it collect interest. After the agreed-upon time limit, claimants can start accessing their money in a payment schedule they agreed to.
For some, annuities offer financial peace of mind in that the money cannot be lost no matter what. For others, however, they can be very inconvenient. People who need a bulk of the money imm