Whatever the specific details may be, the reason people sell annuity payments boils down to the fact they have an urgent need for cash. The lump sum that comes from selling annuity payments can help buy a new home, start a new business or pay for a child’s college tuition. Because of the deferral of taxes on annuities one has the option to sell some or all of his or her annuities to prevent being put in a higher tax bracket upon retirement.
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"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
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Posts Tagged ‘sell annuity payments’
You Can Sell Annuity Payments for a Cash Lump Sum
An Annuity provides a guaranteed income stream for a specified period of time and is offered to winners of lotteries or large settlements. Annuities can also be bought through insurance companies. Scenarios may arise where an annuity owner has to get a lump sum of cash instead of keeping the income stream; during such times, the owner can sell annuity payments.