Archive for November 6, 2015
In recent months the news media has covered the dangers and potential pitfalls associated with selling an annuity settlement, or structured settlement annuity. A piece in the Washington Post this past summer highlighted one particular company involved in what appeared to be predatory practices.
There is of course the entirely other side of the industry, which involves buying an annuity for future investments instead of getting cash for settlements now. A structured settlement can save you somewhere between 25 and 35% in state and federal taxes on interest income that would otherwise be subject to tax. Here are four important questions to ask before you do so, with information from a financial expert and