Sunday, December 12, 2010

Sell Structured Settlement Payments: When It’S The Right Thing To Do

“Sell structured settlement payments”—this phrase, by itself, may not mean much to the average person. But put them together into a statement like: “I plan to sell my structured settlement payments”—and they create a controversial, emotionally loaded topic.

There are many reasons not to sell structured settlement payments

There are many reasons not to sell structured settlement payments. But there are also many reasons when, give the individual’s situation, it makes sense to sell structured a settlement annuity. Here are some common objections to that powerful phrase—sell structured settlement payments—and some circumstances when, even given the validity of the objection, it still can be smart to sell structured settlement payments.

Concern: Person does not want to damage total financial picture by removing a long-term, steady source of income.

Answer: If the annuitant will use the lump sum payment to invest in his or her income-producing future, such as for education or career training expenses or to start a business, it might be a smart decision to tap into the structured settlement. Each of these expenses—education, career training, business startup costs—should lead to a future stream of income that will replace the income lost as a result of the annuitant’s decision to sell structured settlement payments,


Source Address:- http://www.articlesbase.com/finance-articles/sell-structured-settlement-payments-when-its-the-right-thing-to-do-1791231.html

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