Archive for August 26, 2015
Whether it’s the result of an insurance claim, lawsuit, or lottery winnings a structured settlement can be one of your most valuable assets. Regular annuity style payments are safe and consistent, but sell your structured settlements and you can position yourself to make three of your life’s biggest purchases.
1.) House: Obviously, prices range greatly, but t
Recent media attention has exposed the glamor of lottery winnings, demystifying the lottery and shattering the hopes of millions. But we still play because we want to win. Our lives will be so much different, better even if we win. Well good luck to you; but if you do happen to win let these paragraphs prepare you for the good, the bad, and all of the ugly that has to do with the lottery.
The Problem with Lottery Winnings
It is no surprise to learn that nearly half of lotto winners continue working their jobs after winning the lottery. Many of which cannot afford to live off the meager annual payments offered. Aside from the 25% withheld by national taxes and the additional 2 to 5% withheld by state, you will have regular annual fees depending on the type of annuity. A varia