Should You Keep Your Annuity Or Opt For A Cash Settlement? - If you have an annuity, regardless of what type of annuity, there is a chance that you still do not have enough income to make it from one payday to the next. |
|
Business Related Topics...
Computer Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
Shopping Related Topics...
Would you like to submit articles to our site? Have a question or a problem?
You are here: DIME Home > Investing > Should You Keep Your Annuity Or Opt For A Cash Settlement?
If you have an annuity, regardless of what type of annuity, there is a chance that you still do not have enough income to make it from one payday to the next.
Author: Sophia
Date: Sep 26, 2011 - 1:56:22 PM
If you have an annuity, regardless of what type of annuity, there is a chance that you still do not have enough income to make it from one payday to the next. There is a way for you to get cash for your annuity. You can get cash for your annuity by selling it for a lump-sum of cash. However, sometimes it is difficult to decide whether to keep your annuity or sell it. So, what will it be? Keep the annuity, or opt for a cash settlement? What should you do? Should you keep your annuity payments going? Or should you take the settlement in one lump-sum to help pay the bills and live a more debt free lifestyle?
Those questions are in the minds of many people who hold annuities. Whether it be structured settlements from a lawsuit, annuities, or lottery payments, getting cash in one lump-sum, oftentimes is much better than waiting for the annuity payments. Cash for annuity is not a new concept. It has been around for several years. However, when thinking about selling your annuity there are things you should consider.
First, is the annuity going to pay you the rest of your life? Or, is it only for a few years?
Secondly, what are your financial goals? Finally, does selling your annuity payment for a lump-sum of cash, benefit you the most? Answering these questions may help you decide what you need to do about your annuity.
There is a present value of money, and a future value. Understanding the time value of money will help you decide whether or not you should keep your annuity or opt for a cash settlement. The cash you have today has a present value, and the future value of the same amount of money will be different because of how you invest the money now. So, as with your annuity the amount you have invested in your annuity will be higher in the future, because the interest will be added to the money.
Keep in mind if you decide to get cash for your annuity by selling your annuity payments for a lump-sum of cash, you will no longer have the option of allowing your money grow with interest. Instead, you will have only one settlement payment, which you have agreed upon, and when it is gone, there will be no more money from that particular annuity.
In short, it depends on your particular situation, as to whether you should keep your annuity or get cash for it. It's your decision, and in today's economy, there is somewhat of a need of extra cash flow. Deciding what's best for you and your circumstances can be time-consuming. However, it is worth, the time and effort to weigh all of your options so you can have what you need financially for the present and the future.
Get cash right now from the foremost nationwide buyer of structured settlements and annuity payments! Connect with 800-670-6777 at this moment to speak your structured settlement with a expert at SingerAsset.com.
Apartments & Villas in DubaiJul 10, 2011 - 9:40:06 AM The Dubai real estate and property market is known for its high standard quality and luxurious life style that it offers to the residents of Dubai. There have been a number out class and fascinating construction projects in Dubai that has made the world adore Dubai’s property developers, constructors, engineers, and architectures. In Dubai real estate, its not about constructing a project but about being the best developing some thing extraordinary, unique, while maintaining high standards of quality and comport and these qualities have become a big reason for the attraction of investor and buyers in the real estate and property market of Dubai.... [Read the full story] |
Oil & Gas Investments Risk ProfilesJul 7, 2011 - 11:14:13 AM Unity Resources Oil & Gas Education Series - Free White Papers... [Read the full story] |
Bamboo Investments - The Greener Way to Make MoneyApr 19, 2011 - 4:17:19 PM As the news is constantly full of information supporting scientific papers on global warming, people are increasingly looking for ways to generate money whilst saving their conscience and bamboo is an ideal medium term investment. It is an extraordinary plant in that it sequesters four times more CO2 than ordinary timber, and produces up to 35% more oxygen thanks to its quick growth.... [Read the full story] |
Benefits of CFD TradingApr 11, 2011 - 9:56:39 PM CFD’s also referred to as contracts for difference has gained huge popularity in the past few years. CFD is nothing but an agreement between the buyer and seller agreeing to exchange the difference in the current value of a share, currency, commodity or index and its value at the end of the contract. As long as this difference is positive, the seller would pay the buyer. On the contrary when this difference becomes negative, the buyer loses his money.... [Read the full story] |
Search for articles: |
Latest Articles in All Categories |
Putting Up a Small Commercial Printing Business |
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
Meditation and Mindfulness: Dealing With Emotion |
CPA Websites: Five Essential Ideas for Composing Convincing Articles |
Set Goals In Order to Come Up With Your Action Plan |
Is the Air in Your Home Safe to Breathe? |
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
Section 1031 Exchanges For San Diego Real Estate Investors |
Phoenix Real Estate Investing For Highest Possible Earnings |
Legendary are the Volk Racing TE37 Wheels |
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
What are step down transformers? |
Introducing Sharehype, the Revolutionary Tool for Online Marketers |
Rewards To Shopping For Austin Real Estate On The Web |
Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
Disclaimer: Dime-Co.Com is an online information article and video article network. All articles, video articles, comments, and other features herein are for informational purposes only and are provided "as is" without warranties, representations or guarantees of any kind. The views and opinions expressed in an article, comments, links or blogs are the author's own, and not necessarily those of dime-co.com's owners. For full disclaimer, please read our TOS.