For the most part, Americans just aren’t traveling abroad. According to a recent survey, just 13% ventured over international waters in 2013 and just over a third (about 35%) currently have valid passports. This lack of travel is disappointing — maybe even a bit depressing — and the truth of the matter is that many Americans have more opportunities to travel and explore than they may realize. Here’s how to scrounge up extra cash for that experience-of-a-lifetime trip:
Get Cash For Lottery Payments And Annuity Settlements
The lottery is the most commonplace form of gambling or wagering in the U.S. Winning a large sum of money is not that all that common, however — and that means that it can be difficult to decide what to do and what not to do with your winnings. For example, many advise against taking the lottery lump sum payout in favor of collecting lottery annuity payments. There is only one problem. Some expenses that you would otherwise be able to easily afford — things like luxury cars and travel abroad — may be out of the question if you collect these payments over time. Unfortunately, once you have selected payouts for the next 25 years or for the rest of your life, it’s hard to go back on that decision.
Thankfully, there are still options available to you. You can access more of your winnings by selling a portion of your lottery payments or your entire lottery annuity. That way, you will get a portion of the lump sum or the total amount immediately. The same tactic can be used to sell structured settlements or retirement annuity funds.
Don’t miss out on the opportunity of a lifetime. Just two years ago, U.S. deferred annuities amounted to $2.58 trillion! Take full advantage of all of your assets by selling part or all of annuity payments to seize opportunities for overseas travel.