• What to do When You Win the Lottery

    Annuity settlement

    What to do when you win the lottery? That’s an easy one, right? Break out the champagne and balloons, invite the neighborhood over, and party! And the moment you recover from the party, you’re going to book a luxury round the world cruise for you entire family. Good ideas, but after an initial splurge, you should be aware that managing a large amount of money is not easy. Financial planning can help you use your money to achieve your goals. One of the first decisions you will have to make is whether to receive your money in annual payments or if the option of selling a structured settlement is the right choice for you.

    Here is a list of things to consider when you begin thinking about how to use your money:

  • Top Reasons to Sell Your Annuity

    Get settlement money now

    Many of us dream of winning the lottery or a big lawsuit and of what we would do with all the money we would get. What most of us do not realize is that when a lawsuit is settled in our favor or we hit the big jackpot on a lottery, most of the winnings will be paid out over decades. When someone wins the Mega Millions jackpot, for instance, they receive one large payment and then receive yearly checks for about 30 years. Each check they get will be about 5% larger than the one that preceded it. Now, for a large number of people, that is a great arrangement. Many peoople would rather get the money sooner than later and use it now. It is sell the annuity and get settlement money now.

    If you are considering selling an annuity payment or Continue Reading