Generations today are focused more on financial freedom. They are brought up to plan for the future, but to enjoy the present. This leads to a generation of people who want to be financially secure, but also want to travel and see the world. Too many Americans are prevented a secure financial future and the freedom to travel because of excessive debt. Even those with lottery winnings and lawsuit settlements find retirement planning and travel to be difficult. This is because these lawsuits and lottery winnings are generally set up in some type of a structured settlement. They winner will receive smaller, monthly payment in lieu of all of their money at once. Fortunately, these individuals have the option to sell their structured settlements for cash.
The Mega Millions annuity, for example, is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one. The lottery winners are left with the amount of money each year that the lottery commission decides they get. This can make it difficult to do things like pay off debt, fund a college education, purchase a car or home, start a business or travel the world. It can be very frustrating for these lottery winners, because they have the money available to do these things, yet they do not have access to the money. Cash in structured settlement payments can help the individual do all of the things they want with their money.
More than 37,000 Americans use structured settlement money every year. This is thousands of Americans who are unable to successfully pay off their debt, take vacations they want and unable to invest in companies they want. They are unable to set themselves up for a secure financial future. However, cash in structured settlement payments can allow them to do all of these things.
Most people who choose to receive cash for annuity now are satisfied with their decision. 92% of claimants who sell their structured settlements are satisfied with their decision. When people learn of a lottery winning or a lawsuit settlement, they quickly imagine all of the things they will be able to do with their money. Many are quickly disappointed after finding out they will not receive it all at once. This is why so many people are pleased when they receive cash for settlement payment.
Those who receive cash in structured settlement payments also have the ability to increase their money. If you only receive a small amount of payments each month or annually, you are limited as to how much money you can invest. When you receive all of your money at once, you can choose to invest into stocks or business funds. Over time, these funds generally return some type of income. This is a great way to increase your cash amount over many years. You can also pay off high debt things, such as your home or your vehicle. This will save you thousands in interest charges. Any time you can pay cash for something, you will save money from interest charges.
A person who chooses to receive cash for structured settlement should contact the appropriate company. Cash in structured settlement payments is possible, but you want to understand the terms before selling your annuity payments. The company can generally help with calculating a structured settlement. They should line out how much they will charge, how much you will receive in cash and any other terms of the deal.
Thousands of Americans receive structured settlements from a lottery winning or a lawsuit settlement. Receiving structured settlements limits your options for what you can do with the money. When you only receive small monthly payments, you are unable to pay off high debt that will save you interest charges, you are unable to purchase a home in full and you are unable to invest in other businesses, which can increase your money. When selling your structured payments, you should pay careful attention to the details of the deal, ensuring that you know all of the terms of the deal.