Do You Need Cash Now? Consider Selling Your Fixed Payments for a Lump Sum
Many Americans are on fixed payments – whether they're structured settlements, annuities, or lottery payments – but everyone knows that life isn't fixed or structured. So what happens when your steady stream of monthly payments no longer fits your lifestyle? Maybe you don't need fixed annuity payments anymore or the periodic payments from your lottery winnings aren't fitting your demands and you need cash now. Either way, consider selling your fixed payments for a lump sum and designing a plan that better fits your financial needs.
Structured Settlements
If you have opted for compensation in the form of a structured settlement then you have chosen to receive a stream of payments that will trickle in over the course of many years. This option is great for some people because it helps them manage their finances; however, it can be a burden to others who realize they need larger payments to make a big purchase such as a home. If you are part of the latter group, and you need cash now rather than in the future, you could sell your monthly payments for a lump sum.
Annuities
There are a few reasons why someone might want to sell an annuity. Some people realize their retirement needs are different than they originally anticipated, while others simply believe there are better uses for their capital. Everyone's financial needs are different, and regardless of the reasons why you are looking for a liquidity option, selling annuity payments is a practical answer. Most annuity buyers will help you through the process by coming up with the option that is best for you based on your individual circumstances for maximum peace of mind.
Lottery Payments
One of the most exciting feelings in the world is hitting the lottery or seeing the words "JACKPOT" light up on a slot machine. The excitement could start to wear off, however, when you realize it could take years to get your winnings. If you need cash now, consider selling your winnings for a lump sum. This option puts you in control of your finances, so you can get your bills paid and you'll never miss out on money-making opportunities while you're waiting for your lottery payments.
Structured Settlements
If you have opted for compensation in the form of a structured settlement then you have chosen to receive a stream of payments that will trickle in over the course of many years. This option is great for some people because it helps them manage their finances; however, it can be a burden to others who realize they need larger payments to make a big purchase such as a home. If you are part of the latter group, and you need cash now rather than in the future, you could sell your monthly payments for a lump sum.
Annuities
There are a few reasons why someone might want to sell an annuity. Some people realize their retirement needs are different than they originally anticipated, while others simply believe there are better uses for their capital. Everyone's financial needs are different, and regardless of the reasons why you are looking for a liquidity option, selling annuity payments is a practical answer. Most annuity buyers will help you through the process by coming up with the option that is best for you based on your individual circumstances for maximum peace of mind.
Lottery Payments
One of the most exciting feelings in the world is hitting the lottery or seeing the words "JACKPOT" light up on a slot machine. The excitement could start to wear off, however, when you realize it could take years to get your winnings. If you need cash now, consider selling your winnings for a lump sum. This option puts you in control of your finances, so you can get your bills paid and you'll never miss out on money-making opportunities while you're waiting for your lottery payments.
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