Archive for June, 2015

Win the Lottery? Congrats! Now Get Back to Work

Written by Chris on . Posted in Cash for annuity now, Cash for structured settlement payments, Lump sum lottery payout

Cash for annuity payments

Did you win the lottery? Did you win a lawsuit settlement? Good for you!

Now wait to get paid.

Winning the lottery is everyone’s dream but in reality, it’s not as magical as it may seem. Not only does the United States government — federal, state, and local — take up to 25% of your winnings, many lotteries pay winners in increments. The Mega Millions lottery, for example, is paid in 30 increments: one immediate payment and 29 annual payments thereafter. Each payment is 5% larger than the one before it. Because of the elongated nature of lottery payouts, many lottery winners (48% to be exact) still have to work after winning the lottery.

People who win lawsuit settlements, whether it is for medical malpractice, employer damages, government suits, and others, don’t fare muc

Should You Sell Your Annuity Payments?

Written by Chris on . Posted in Cash for lottery winnings, Selling your annuity, Structured settlement annuity

Selling lottery payments

Whether you’re dealing with lottery payments, a structured settlement resulting from a lawsuit, or an annuity plan used in lieu of traditional retirement plans, it can be difficult and frustrating to know that you technically have a lot of money in your possession but you aren’t able to use it. Maybe you’re dealing with emergency medical bills, or maybe you’ve just decided that it’s time to go back to school and earn another degree; whatever your financial needs may be, if you’ve got an annuity settlement but your monthly (or yearly) payments just aren’t cutting it, selling