Tips on Selling Your Annuity or Structured Settlment

Selling an annuity can often be a very difficult decision as there are so many factors that will go into it. Here are several that come to mind right away.

One of the most common questions we get is whether or not you are locked in if you choose a particular annuity type. An annuity is a good investment product that allows the buyer to earn a stable stream of income, depending on the particulars of the annuity contract. There are so many different types of annuity products out there, and some will fit with your current financial situation better than others.

Everyone stresses from money problems from time to time, but prolonged stress could cause significant health issues. We are going to discuss why stress is bad and what you can do to prevent it from being toxic to your health.

The first thing you should know is that not all stress is bad. Stress can be good if you are actually in a dangerous situation. In a scenario where you're in immediate danger, those heightened senses and extra energy are good because they'll allow you to react and either fight or fly.

As the owner of your annuity, you will likely name yourself as the annuitant. In rare cases, you may name someone else if you want to extend the payments and tax savings. When the annuitant passes away, beneficiaries named by the owner of the annuity in advance inherit the payments. The owner can choose multiple beneficiaries and change beneficiaries whenever he or she wants. Additionally, beneficiaries can be both people and organizations.

One of the most common questions we hear is whether the pros outweigh the cons to selling annuity payments. It is true that there are some cons to selling your annuity payments in certain situations. For one, you will be selling your annuity payments at a discount. The tradeoff, of course, is that you get a lump sum of cash to do with as you wish. So if you don’t need the money, you should probably hold off on selling your annuity payments. Second, if you are not good with money, it might not be a great idea to get a large sum of money as there’s a greater chance you will blow through it.

Earning an advanced degree may be just the thing you need to get that raise or qualify for a new position where you’ll earn more. According to the U.S. Census Bureau, people with advanced degrees can earn more than 60% more over their working lives than people with a Bachelor’s degree. This makes sense when you consider the fact that employers are looking for people with specialization for various positions.

If you have been considering annuity ownership, you have probably been drawn to the idea of guaranteed payments over the course of an extended period of time. Many people, for example, invest in an annuity product to ensure they have a steady stream of income later in life.

As an annuity owner, you have the ability to sell your annuity for a lump sum of cash if you so desire. We’ve talked about reasons in past posts about why this might be necessary. You may need immediate cash to pay a bill or address an upcoming expense. Or you may want to take advantage of an investment opportunity that could potentially pay out larger dividends. Whatever the reason, in an annuity sale, it takes two to tango, so one of the most important steps will be finding a buyer.

When you enter a casino floor and put your money into the first slot machine, is there a part of you that starts thinking about what you’ll do if you win the big jackpot? Casinos thrive on this wishful thinking, but the truth is that jackpot wins happen, and some people do get rich playing the slots, winning a sports bet, or gambling at the tables.

If you are in immediate need of cash to achieve your financial goals, you might consider selling your structured settlement. There are a number of reasons why structured settlement owners would consider selling, and they include the following: