Which is more valuable: $1,000 per month for 20 years ($240,000) or $240,000 lump sum right now? Most often the financially right answers is to take a lump sum instead of the monthly payment. You get to choose the investments that you use your money for. You get to decide to use more money to pay off debts or to start a new business.
That is what a structured settlement company does. When you are injured and in a lawsuit, for example, you are often paid in monthly installments instead of one lump sum. A structured settlement company bids on your settlement and monthly payment and pays you a lump sum for those future payments with a court’s approval. It is the same thing if you are receiving annuity payments which are an investment that pays your a set rate every month instead of a lump sum. Getting a one-time payment can be a great benefit if you really need all of the money that you are owed fast, and that is where a structured settlement company comes into play to buy those future payments and pay you a lump sum you need.
What would you do with an extra $1,000 this year? Talk about a great way to start the New Year. The guys at tructuredsettlement-quotes.com and about 50 of your favorite personal finance bloggers are sponsoring a giveaway….a $1,000 giveaway to be exact! It is crazy how many different opportunities that you have in this giveaway to enter to win. Make sure that you check out some of these great blogs and sign up for their RSS feeds. Some of my favorite blogs that I personally read who are also co-hosting this giveaway are Add-Vodka, Modest Money, and Outlier Model. You should definitely check them out and all the great bloggers participating in this great giveaway!
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