Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Annuity Transfer - What Are the Risks > NetSparsh - Viral Content you Love & Share

Annuity Transfer - What Are the Risks

Many people who know in the back of their minds that they got the possibility to transform a monthly payment or annuity long term payments into a big lump sum and by that to relieve some temporarily financial problems, or need to buy a new car or a house or help their children and so forth are tempted to exercise this process into action. Although it is a very natural feeling and sometimes even a real life need or deep inner quest for power and control, it is not in their best financial interest to say the least.

It is no wonder that the U.S federal laws encourage long term payments in both cases like Structured settlements and lottery winnings. There are many good reasons for that and I'm going to spell them out as clear as I can.

- In some countries around the world it is legal to pay for lottery winning in one lump sum. Experience shows many of these people lose most or all of their money in a few years Time, due to the following reasons:

- Ordinary people who get into their possession a very large sum of money don't really know how to manage their treasure or how to invest it wisely, they are not prepared for it and they are overwhelmed with a delusion of over abundance of wealth, they become totally careless on how and on what they spend their money.

- Even if they invest their money, they go to high risk speculative investments as they try to get high yields. Instead of going for a much solid and safer, "widows & orphans" type of investment portfolio. Neither do they go for the golden middle way in between of a mixed portfolio. They don't use investments advisers or financial consultants.

- They become over generous with their family and friends, they buy their children homes, cars or any other materialistic requests, they "lend " money to a friend in need...

- They listen to shrewd business people who talk them into investing into all kinds of business adventures that seems to them very profitable but in a short while turn into total failures and the money is gone.

- All kind of addictive behaviors like betting horse races or going to play the roulette in the casino are now intensified with the feeling of power and wealth, it might drive the person to gamble high sums of money as if there is no tomorrow.

- Believe it or not but criminal elements might engage in putting pressure to extort monies from the overnight rich poor guy. They might threaten to harm his family etc'

- Charity institutions start to call all day and night asking for donations to a very noble causes, they even send some slick reps to convince him to donate money.

- His own children, some times his spouse becomes very greedy and exert emotional pressure to give them more and more money. In some cases the sudden riches literally ruined the families.

As I have shown you above, getting a large lump sum of money might be a risky thing, this is In addition to the fact that you are loosing a lot of money which was Tax free, that alone might be a difference of anywhere between 35% - 65% , add to it the profits of the fund who bought the annuity from you and you are loosing big time. It is not recommended for an injured or a disabled person, to transform the whole Structured Settlement long term payments into one big lump sum or you might find yourself one day without the money and facing high medical expenses and other bills you cannot afford.

MBA - International Trade & Finance - Heriot-Watt University. Bsc. Computers and Information Systems - Long Island University - C.W Post Campus. Married with two Children.

http://annuity-structured-settlements.blogspot.com/

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Palisades Hudson Financial Group

Using Structured Settlements
Palisades Hudson Financial Group
If you are not familiar with the term “structured settlement,” you are already lucky; that probably means you have not been involved in a serious accident where you were injured due to someone else's negligence. For those who are not so lucky ...


Business Wire (press release)

Ametros Publishes White Paper on the Combination of Structured ...
Business Wire (press release)
Ametros' white paper discusses pairing professional administration services with structured settlements to protect injured parties' settlement funds.

and more »

Legal Talk Network

Structured Settlements in Wrongful Incarceration Cases
Legal Talk Network
How many people are wrongfully convicted of a crime in America? The answer is a record number of people were exonerated in 2015 for crimes they did not commit. Some were on death row, and the average time served was 14.5 years. On Ringler Radio ...


Seeking Alpha

A Guide To Berkshire Hathaway's Manufacturing And Service Subsidiaries
Seeking Alpha
Insurance: Insurance and/or reinsurance for motor vehicles, property and casualty, life and health, structured settlements, medical malpractice, and other specialty lines. BNSF: The largest freight rail network in North America. Utilities: Generating ...

and more »

Litigation Finance Journal (blog)

NY Supreme Court Delivers Ruling in LawCash Structured Settlement Claim
Litigation Finance Journal (blog)
In 2006, Englander Corp. sold $1.8M of structured settlements to Consumer Litigation Funder LawCash, of which $800,000 was a cash payment, and $1M was an unsecured loan. LawCash also accepted a loan from Jay and Selig Zises (the Zises) in the ...


Malay Mail

Sabah deputy CM: Identify new locations for eligible squatter dwellers
Malay Mail
Jaujan added it was also important that suitable housing be provided for the squatter settlers. “We may look for land and provide lots or build houses through the Housing and Town Development Board,” he said. He added that he would meet with housing ...


IAM (blog)

Expect closer supervision of US biologics settlements in wake of Humira 'reverse payment' concerns
IAM (blog)
Two US senators have called on the Federal Trade Commission (FTC) to examine patent settlements involving biologic and biosimilar producers, echoing calls from patient advocacy groups. Raising particular concerns about AbbVie's recent high-profile ...


WorkCompCentral

Ametros CEO to Discuss Creative Settlements at CCWC Conference
WorkCompCentral
Torbert will join John Pinto of Arcadia Settlements Group, Jake Reason of EK Health and Kim Wiswell of MedVal to discuss ways to use Medicare set-asides to facilitate settlements. The panel discussion will also explore how structured settlements can be ...


Business Wire (press release)

AM Best Downgrades Credit Ratings of ERAC Group Members
Business Wire (press release)
The company's business profile is limited due to the continued run-off nature of the business, along with the volatile nature that is associated with the majority LTC business on its books, and the high interest-sensitive reserves related to structured ...

and more »

The Sun Daily

Identify new locations for eligible squatter dwellers
The Sun Daily
TAWAU: Departments under the Sabah Ministry of Local Government and Housing including local authorities, should identify new locations for structured settlements in the state. Sabah Deputy Chief Minister Datuk Jaujan Sambakong said this would be an ...

Google News

Options for Lawsuit Settlement Winners Receiving Periodic Payments

On January 22,2002, President George W. Bush signed into law... Read More

Offshore Asset Protection Trusts for US Citizens

When it comes to discussing offshore anything and US citizens... Read More

If This Describes You, Dont Cash out Your Annuity

There are companies that purchase future payments. Personal injury settlements... Read More

The Cash Now Question

If you have ever been in a bind for cash... Read More

What is Structured Settlement?

Because it is tailor-made for individual cases, the structure may... Read More

Class Action Lawsuits

First of all, let me say that anyone who has... Read More

Structured Settlement as an Investment Vehicle

You always hear people talking about the latest investment vehicle... Read More

Surviving High Debt States

Are you more likely to have more debt according to... Read More

Making Backwards Choices

I was reading this past week about a woman who... Read More

How To Form a UK Limited Company

When starting a business, a large number of people go... Read More

Should You Sell Your Structured Settlement?

The courts have just awarded you a settlement in the... Read More

Unstructured Settlement

Me'Lisa Delaney, 43, is brain-injured as a result of a... Read More

Investing in Structured Settlements

Often some derelict will be awarded some huge amount of... Read More

A Structured Lawsuit Settlement Seemed Like a Good Idea at One Time

You are receiving payments spread out over months, years, even... Read More

Structured Settlements Are Like Ants

Ants are powerful creatures. The powerful ant legs are able... Read More

Structured Settlement Factoring

Have you received a structured settlement recently? A structured settlement... Read More

What is a Structured Settlement

A Structured Settlement is an agreement between a personal injury... Read More

The Cost of Not Having Money

The self-esteem factor of not having enough money is underestimated.... Read More

Consider a Structured Settlement?

Structured settlements have been around for a long time however... Read More

When Should You Not Cash Out Your Annuity?

You should not cash out your annuity when it's not... Read More

Structured Settlements ? Should You Sell Yours?

In recent years, it has become more common for victims... Read More

Structured Settlement ? Guaranteed Income for those with Disabilities

Up until twenty years ago, anyone who won a lawsuit... Read More

Annuity Transfer - What Are the Risks

Many people who know in the back of their minds... Read More

What is a Trust and what are the Benefits?

Trusts are becoming a popular way to structure business and... Read More

Keeping the Lawsuit End in Mind

2 key points to stay focused on, as you are... Read More