Those who at least know what an annuity is can tell you how beneficial having one is. If you sell fixed annuity or are interested in selling your annuity on its own can give you a great lump sum of cash as well. If you play your cards right though, you know you can do great things with the money you get from investing in an annuity.
Reinvest It
If you like to be smart with your money, your best bet is to reinvest the money you get for an even larger annuity, a second one, or even to invest it in a property or something similar. The idea of an annuity is to make your money work for you, so it only makes sense that you would put the money back somewhere where it can do the same thing again!
Pay Down Debt
This is huge for many families, especially those with student loans on their shoulders. Using this money each year to pay off your principle can be a huge step toward paying your debt off completely. Think of what you can do with the payments you make and put it toward sound financial goals. You will not regret the decision.
Make a Big Purchase
Selling an annuity settlement can give you a great sum of cash to spend on something like a car or house if you get enough. This can give you a huge financial advantage, allowing you to purchase things you never thought you could before!
Do you think you’ll ever invest in something like this? Why or why not? Do you understand how they work? what would you do with the money? We would love to hear your thoughts and comments?