Archive for December, 2015

3 Ways To Use Your Money After Selling Your Annuity

Sell your annuity

If you’re in possession of an annuity or a structured settlement — whether you won it as lottery winnings, you have an annuity settlement from a lawsuit, or you simply decided to purchase an annuity and you’ve since changed your mind — it might be a good time to consider selling your annuity in exchange for a lump sum of cash. Many people have already chosen to their annuity payments and selling your annuity might just be a great choice for you, too! If you need some ideas, here are a few things you’ll be able to do when you sell your annuity:

  • Go back to school. If you’re thinking about going back to college and finishing (or starting) a degree, this is de

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3 Great Reasons to Sell Your Lottery Annuity for a Huge Lump Sum

Structured settlement annuity

Winning the lottery can be a life-changing experience, but unfortunately, many states force winners to accept their money over a long period of time in the form a lottery annuity. Thankfully, lottery winners have the right to sell annuity payments for a huge lump sum and seize control of their financial destiny.

Selling lottery payments for a lump sum is the only way to get all of your money now and forgo tiny fixed payments. You can do whatever you want with this money, from paying off high-interest debt to buying that

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How Much Do You Take Home When You Win the Lottery?

Lottery annuity payout

We all dream of winning the lottery. It would change our lives and make us rich until the day we die. Statistically, that is actually not likely. You’re probably thinking, “Of course, winning the lottery is not likely.” But even if you did win the lottery, it is not likely that you’ll be rich until the day you die. Actually, 70% of lottery winners end up completely broke, some after only a few years.

Because of the likelihood of lottery winners running their wealth into the ground, state lottery agencies offer winners the payout options of taking their winnings as one giant lump sum, or getting smaller lottery annuity payouts each year for 25 to 30 years. The annuity settlement helps protect the financial well-being of the winner throughout their life. Here is a quick overview of The difference

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The Three Stages of the Lottery Winner

Lump sum lottery payout

In a world where the odds are never stacked in your favor, winning the lottery ought to be the challenge. But with so many stipulations, fees, and other factors associated with winning the lottery, the challenge is more akin to survival than anything else. Here are the three stages someone goes through win they win the lottery.

The Win
You’ve just learned that you won the Mega Millions lottery! That means you’ll receive an immediate payment followed by 29 annual lottery payments that each increase by 5%. You won’t have to work again and can just live the rest of your life off of your winnings, right? Although such thoughts could be plausible, the next stage quickly se

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