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Debt Consolidation - Watch out for Payday Loans
Most any large city has a number of small shops offering payday loans. They're often found in strip centers; sometimes they double as pawn shops. They have a simple business - they lend you money until your next paycheck. The system is pretty ...
Financial Security through Structured Settlements
Structured settlements have become a natural part of personal injury and worker's compensation claims in the United States, according to the National Structured Settlements Trade Association (NSSTA). In 2001, life insurance members of NSSTA wrote more ...
Understanding Structured Settlements and their Advantages
Put in simple terms, a structured settlement is merely an agreement that's reached between a plaintiff and defendant that outlines the flow of payment that the plaintiff receives, due to injury. These payments - which are made over a specified ...
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For most people when they buy a house it is considered their life's largest deal. In some cases of structured settlements the compensation and financial considerations for a persons life duration and the total present value of the settlement can reach few millions of dollars. Therefore it is strongly advised to use professional services like annuity consultant and a lawyer specialized in this field in order for you to avoid painful costly mistakes. Here are some tips:
- Think twice before you make a decision. Do you really need that money or you want to feel rich, secure, powerful etc'
- Take only part of the money not all of it, in case of an injury claim the Court needs to approve your request, the judge will want to know what do you need the money for.
- Some Funds will try to convince you that due to Inflation and rising cost of living your annuity payments have less and less buying power over time. Remember that if the Structured settlement was done properly it has a cost-of-living adjustment (COLA) feature build into it in order to offset the effects of inflation over time. So the funds claim on this issue is only partially true as the cost of living index is an artificial and biased measure of the actual inflation over time. Still even 70% protection is reasonable.
- When you get a large sum of money take into account that each bank is F.D.I.C. insured for up to $ 100,000 only! That means that if your sum of money is bigger than that you will need to open additional Account/s in a different bank/s in order to be covered.
In addition take into account that as long as you deposit your money in C.D's (e.g. Certificate of Deposit) you are covered, but if you invest your money In fixed income, stocks, bonds, and mutual funds. These securities are NOT F.D.I.C. insured!
- In case you transform Lottery winnings payments or a large sum of money from structured settlement, keep it as discrete as you can, It is not recommended to go and buy a Rolls-Roys or any other flashy car, that will bring the criminals and the charity people to chase you. That might even cause your children start to ask for money. Try to keep it a secret.
- It is a good Idea to get more than one or two offers from various private funds before making a decision, remember you are a very lucrative customer, the funds should fight over you! Don't be timid to negotiate and manipulate them to maximize your money.
About the author:
Amit Laufer is a writer and internet marketer. Mba & Bsc Computer and Inforamtion systems.
Owner Editor of: St ructured Settlements
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Ringler Associates Names New Board MembersEON: Enhanced Online News (press release)(EON: Enhanced Online News)--Ringler Associates, Inc, the largest structured settlement company in the nation, is pleased to announce the election of two new members to the Ringler Board of Directors. Cindy Chanley, CSSC, based in the Ringler ...and more » |
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Hennepin County judge: Texas firm must provide recordsMinneapolis Star TribuneHennepin County District judge found "reasonable grounds to believe" company that bought structured settlements violated law. A Hennepin County District judge has ordered a Texas company to comply with an investigation by the Minnesota attorney ...and more » |
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Taking Stock: Appointments, Promotions, AchievementsWisconsin Rapids TribuneMichael Westcott, structured settlement broker with Ringler Associates, was selected to speak at the 2012 annual conference of the Claims and Litigation Management Alliance on the topic of "The impact of Medicare compliance on the litigation process ...and more » |
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