Woodbridge Investments

Three Options for Structured Settlement, Annuity or Lottery Winnings

Should you sell all, nothing or just some of your payouts?

If you’ve won the lottery, a structured settlement or have an annuity fund, you could be financially set for life. A modest but steady payment might be placed in your bank account every month for the next thirty years, ultimately gaining you thousands upon thousands of dollars. By the time you retire, you may have even collected it all.

Then again, you may not be able to collect it all before retirement. In fact, that money might still be coming to you when you are long gone. While this will certainly benefit your beneficiaries, you should at least be able to see the money that you are entitled to.

If you’ve won the lottery, a structured settlement or have an annuity fund you should always weigh your options about what works best for your lifestyle and for your financial plans.

Options for Structured Settlements, Annuities and Lottery Winnings

You essentially have three major options if you’ve won the lottery, a structured settlement or have an annuity fund.

1) Collect your payouts over time, month by month at the predetermined amount.

2) Sell the entire amount to one of the many structured funding companies and receive a very large lump sum of money at face value and spend it on anything you want.

3) Sell a portion of the payouts to a structured funding company to receive a larger sum of money than your regular payment, but continue to collect smaller payments over time.

How to Weigh Your Options

There is no one option that is best for everyone. You may value your steady payments, which will help you balance your spending over your lifetime. This will allow you to receive the maximum amount of money from your structured settlement, annuity or lottery winnings.

There are also many benefits of selling the entire plan. You will immediately receive a large lump sum of money that you can spend or invest in whatever you like. This can be a great thing if you are trying to pay off debt, start a business, or make a large purchase. Although this will be a large and immediate lump sum, you will receive less money than you would if you wait until the end of your payout plan.

There are several companies that you can go through to sell your structured settlement, annuity or lottery winnings. These companies will work with you to discuss your finances and figure out what is the best option for your structured settlement, annuity or lottery winnings. You might be somewhere in between the previous two options and will want to cash out just a portion of your overall payout plan.

Structured funding companies

Woodbridge Structured Funding
RSL Funding
Peach Tree Funding
JG Wentworth
Imperial Structured Settlements

Before you sell:

Be warned that some of these companies will try to push you to sell your entire payout plan to them in order for them to make the most money off of you. Woodbridge Structured Funding is one structured funding company that values their returning customers and will work to figure out what is the best option for the customer in hopes that they return to Woodbridge for future negotiations.