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Archive for November 6, 2015

06
Nov

4 Questions to Ask Before Buying an Annuity

Written by admin. Posted in Cash for structured settlement, Cash for your settlement, Sell my structured settlement payments

Get settlement money now

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