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Posts Tagged ‘sell annuity payments’

Cash Out Structured Settlements to Achieve Your New Year’s Resolutions

The new year is upon us, which means it’s time for some New Year’s resolutions. The typical ones don’t change much year to year – quit smoking, lose weight, spend more time with the family to name a few.  Often people making the resolutions focus too much on the outcome and not on how they will actually accomplish it, and never are able to achieve their goals. Fortunately for annuitants, cashing out structured settlements can be a great way to ensure you achieve your New Year’s resolutions.

Cash Out Structured Settlements to Get Out of Debt

Cashing out structured settlements can help you get out of debt. Approximately two million Americans are currently enrolled in debt management plans to help them repay an average of $35,000 over the next three to five years. A January 2010 survey conducted by the Federal Reserve Bank of Boston found average credit card debt per household was just under $16,000. While a debt management plan is a good idea, unless you can afford to make substantial payments, the interest on the debt will continue to undermine your efforts to pay it off. Cashing out structured settlements for a lump sum gives you the means to quickly wipe out high interest debts from your household budget.

Sell Annuity Payments to Learn Something New

Furthering your education remains a top New Year’s resolution for good reason. Not only does learning expand your mind and keep you sharp, it can also improve your employment options and greatly increase your earning potential.  The cost of education is rising sharply and selling annuity payments gives an annuitant the cash they need to enroll in classes. Improve your mind and your salary by cashing out structured settlements and getting a new degree or certification.

Call today (1-866-865-7044) to speak to an advisor, or visit us online for a free quote. It’s quick, easy, and all information is kept strictly confidential. Woodbridge Structured Funding, LLC will beat any legitimate offer.

Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.

The Case for Selling Annuity Payments

There are many great reasons to sell annuity payments. From furthering your education to filling an emergency fund for a rainy day, selling annuity payments can have a positive influence on your life. Read on to find out more about the benefits of selling structured annuities for lump sum cash payments.

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Sell My Annuity

What’s the Best Way to Sell My Annuity?

After enduring the stress of an accident and subsequent legal proceedings, many injury victims awarded structured settlements find themselves wondering, “What’s the best way to sell my annuity?” There are plenty of reasons to sell structured settlements. Most importantly, selling annuity settlements for lump sum payments gives you access to your money. Unlike a structured settlement annuity which is padi out on a predetermined basis set up by an impersonal insurance company, selling annuity payments allows you to place your money into investments that give you the flexibility to withdraw funds.  These funds are readily available in case of an emergency, or if you desire to make a large down payment on a house or vehicle.

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Why Jamie Decided to Sell Annuity Settlement Payments

Sell Annuity Settlements

The decision to sell annuities or structured settlements can be a life changing one. One young woman experienced this when she chose to sell settlement payments to fund her college degree. The summer she turned seven, Jamie attended a day camp near her house. One day while playing on the slide, she fell off a slide, badly breaking her right arm and wrist. Her parents sued the camp for inadequate supervision and won a settlement for Jamie’s hospital care and emotional distress. The settlement was awarded in a structured settlement to be paid out over twenty five years. This arrangement worked fine until it was time for Jamie to attend college. An excellent student, she had received a partial scholarship. But even with the scholarship, out of pocket expenses still amounted to around $20,000 a year, and Jamie’s parents were unable to fund the outstanding balance of her college education due to having to take care of Jamie’s three younger brothers and sisters. Determined to attend college nonetheless, Jamie did extensive research into ways she might be able to fulfill her dream of becoming a doctor. Eventually, she discovered she could sell settlement payments for a lump sum. (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

Why Sell Annuity Payments?

Whatever the specific details may be, the reason people sell annuity payments boils down to the fact they have an urgent need for cash. The lump sum that comes from selling annuity payments can help buy a new home, start a new business or pay for a child’s college tuition. Because of the deferral of taxes on annuities one has the option to sell some or all of his or her annuities to prevent being put in a higher tax bracket upon retirement.

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You Can Sell Annuity Payments for a Cash Lump Sum

An Annuity provides a guaranteed income stream for a specified period of time and is offered to winners of lotteries or large settlements. Annuities can also be bought through insurance companies. Scenarios may arise where an annuity owner has to get a lump sum of cash instead of keeping the income stream; during such times, the owner can sell annuity payments.

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