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.
02/07/12 CALL IN BONUS:
Call 866-865-7044 today for a
* FREE $500 Gas Card
(for phone inquires only)
Call 866-865-7044 today for a
* FREE $500 Gas Card
(for phone inquires only)
* Call Bonus for completed transactions only
Shelby R. (Thousand Oaks, CA)
"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."
We have helped thousands of people gain access to their future payments, for more information click below.
Posts Tagged ‘selling annuity payments’
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.
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.