Structured settlements are awarded to plaintiffs who have sustained life-altering injuries in personal injury, liability, malpractice, and harassment cases. While these structured settlements are designed to provide the injury victim with a steady stream of income, there are significant disadvantages to having your funds locked up in an inflexible annuity. As a result, many accident victims choose to sell structured settlement payments. Selling a structured settlement is a big decision—be sure to consult your legal and financial advisors before taking action—and the first step in the process is to research trusted structured settlement companies to find out who buys structured settlements. (more…)
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"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
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Archive for the ‘buyer of structured settlement’ Category
How to Make the Most of a Structured Settlement
How to Make the Most of a Structured Settlement
Your personal injury lawsuit has settled, and you’ve received a structured settlement. Now, the question is how to make the most of that settlement. Read on as we discuss the different approaches you can take toward managing your structured settlement, and the pros and cons of selling settlements for lump sum payments. (more…)
How to preserve a lump sum payment of cash
5 Tips on how to stay rich after selling your structured settlement, annuity payments or lottery winnings for lump sum payment
Selling a structured settlement, annuity payments or lottery winnings can certainly be daunting. No one knows what the next ten, twenty or thirty years may hold, thus it is a common belief that selling regular payments is like selling your safety net.
Despite this belief, receiving a lump sum of cash will not necessarily leave you high and dry, although you do need to be careful managing your newfound wealth. You might want to sell structured settlement payments, annuity payments or lottery winnings in exchange of a lump sum of cash, but this doesn’t mean you have to be scared of having your money run out before you’re ready.
How not to spend your entire lump sum of cash right away
Get an accountant
With your new lump sum of cash, you should be able to afford to hire an accountant. This is a very worthy investment to get professional advice and avoid any unnecessary fines, settle any tax issues and establish a long term plan for your money.
Pay off all of your debt before your spend that lump sum of cash
Debt is not something that you want to deal with when you are no longer receiving steady payments from your previous structured settlement, annuity payments or lottery winnings. Make this a priority so you will know exactly how much spending money you actually have.
Keep your day job, or at least get a new one
As mentioned before; you never know what could happen over the next decade or three. It should always be a goal of yours to continue increasing your net worth, or at least not letting the number slip to something negative. Keep your job to maintain an additional stream of steady income. If you just can’t stand your current job, at least use your new financial freedom to take some time off and begin a new venture making money by doing something you are passionate about.
Avoid gambling with your lump sum of cash
Hopefully the thing you are passionate about is not gambling or taking on high risk financial investments. Taking on high risk investments or gambling with the lump sum of cash you just got is a surefire way to loose the money you would have had with each new structured settlement, lottery or annuity payment. Note: Chances of receiving lottery winnings twice in life are even more slim than winning once. Protect your assets.
Invest your new lump sum of cash
Whenever you sell your structured settlement, annuity payments or lottery winnings, you usually have to sacrifice a portion of the ultimate amount in order to receive that large lump sum of cash. If you invest what you get in a smart way, you might be able to make back all of that money and then some.
If you are selling a structured settlement, annuity payments or lottery winnings, consider getting a free quote about how much you could get in a lump sum of cash by visiting our free quote page.
Don’t fall into a financial pitfall.
Financial considerations for after you sell a structured settlement, lottery winnings or annuity payments
Selling your structured settlement, lottery winnings or selling an annuity payment by no means automatically suggests that you are not financially planning for the future.
Yes, there are many pitfalls that one can fall into after selling a structured settlement, lottery winning or annuity payment, but these can easily be avoided just by keeping a few pointers in mind.
1) Sell up to the budget that’s needed
Take some time before you sell your structured settlement, lottery winnings or annuity payment to set up your own budget and identify how much lump sum money is needed. Sell only the portion of payments that’s needed to fulfill this budget. Most Structured settlement companies will allow you to sell a portion of payments and if you need more at a future date you can sell your remaining payments
2) Determine long term and short term financial goals
Just because you should budget does not mean that you shouldn’t take advantage of the large amount of money you just got by selling a structured settlement, lottery winnings or annuity payments. Go ahead and enjoy, buy a new gift for yourself. However, don’t buy a car or boat right away if that wasn’t in your budget. It is good practice to limit what you spend a large amount of money on right away so you can see what the rest of your new spending habits are like. You might realize that you just can’t help going out for a lot of fancy dinners. Take some time to slowly evaluate what you want to spend your money on.
3) Think outside the box about spending
Right now your financial responsibilities may be limited. Think also about your future. Don’t forget that down the road you may have other people in your family or close circle of friends that you might need to take care of financially. Before you start spending the money you just got, make sure you cover all your bases and try to anticipate all of the large expenses you’ll have to cover in the next five or twenty-five years.
Selling a structured settlement, lottery winnings or selling annuity payments can be a great and fiscally responsible thing to do, as long as you take all aspects of managing your finances into consideration. For a free quote on how much money for future payments you can get, visit our free quote page
Bright Ideas When Selling Structured Settlements
A structured settlement is an asset just like stocks or property. The main difference though is that a structured settlement is a lot more versatile when it comes to meeting your financial requirements. If you are considering the option to sell structured settlements, make sure that the sale will serve your best interests. Will a lump sum payment work best for your plans and finances? How will selling structured settlements affect your life? Structured settlement owners have a lot to consider before selling. Here are some tips on how to make the most of a sale. (more…)
Regulations make it easier for you to sell your structured settlement or annuity payments.
Structured settlement and annuity factoring regulations have undergone significant changes in recent years. You can now sell your structured payments with greater security and confidence. These changes are in place to make it easier for the person that has a need to get their compensation faster.While structured insurance settlements are created for the benefit of the individuals receiving them, they are inflexible and often are inadequate to deal with immediate financial needs or unplanned emergencies. The United States Congress and most state governments have agreed that settlement beneficiaries should have the ability and right to sell their structured insurance settlement and receive money from insurance settlement in the way they see fit.
Settlement companies such as Woodbridge Investments, and JG Wentworth offer free quotes of cash for structured settlement payments, so it is easy and a good idea to see what you settlement is worth.
One can quickly and easily get cash for structured settlement payment from a highly qualified buyer such as Woodbridge Investments. Call for your free quote today. 1-866-865-7044
Buyer of Structured Settlement Payment
When you win a lawsuit, you may not get the money that you deserve right away. Often, judges decide to award the victim a structured settlement payment. This means that the victim will receive a specific amount of money, generally once a month, until the entire amount is paid off. Some people find that they do not want their money paid over time, and instead want, or need, a large sum of that money right off. A buyer of structured settlement payments is the person to see when you want to have access to money right off.