Part 1 in a series.
Without a doubt, having a steady stream of income from a structured settlement provides peace of mind. However, the amount a person receives each month may not be adequate to realize his or her life dream.
Client First Settlement Funding will continue its sponsorship of Cancer Alliance of Help and Hope Society by collecting donation through “Jeans Friday.” Employees wishing to wear jeans to work on Fridays donate $5 from their bi-weekly paycheck.
Having a structured settlement provides a steady source of income, but at some point you may consider selling your structured settlement for a lump sum of cash. Here are six good reasons why:
Tuition
If you don't have the money saved for your children's tuition or your own, you may want to get cash for a portion of your structured settlement payments. Your other options are grants, federal student loans (Stafford and Perkins) and private loans. Remember loans are money you will pay back with interest.
A crisis can take many forms. You may need necessary heart surgery and you don't have health insurance. Or your spouse is confided to a wheelchair and you have to make your home handicap-accessible You may have a construction business and need to purchase additional equipment so you can take on more projects. Or you may need to buy a reliable used car so you can continue to get to work. Or perhaps you're unemployed and face overwhelming credit card debt.
Lottery winners are often disappointed in their annual checks. That’s because most winners never realized the prizes are paid in annual checks instead of a lump sum. But almost every advertised lottery prize over $250,000.00 will actually be paid by the State Lottery based on the current value of the prize amount over the next 20 to 30 years
With high unemployment, an erratic stock market, modest income growth and higher consumer prices, holiday budgets are understandably tighter this year. Here are 10 ways to make your holiday shopping easier on your wallet.
1. Make a budget and stick to it. Write down the names and
the dollar amount you are willing to spend for the people on your gift list.
Then make a decision on the gifts themselves. For people you’d like to express
your gratitude such as your hairdresser, barber, postman, or newspaper carrier,
give a gift card.
As scary as it is to think about, a personal financial crisis can strike at any time. Maybe you've been down sized out of a job or have been seriously ill and have no health insurance. To survive a financial crisis, it's important to know your options.
Get a clear picture of your finances: checking and savings account balances, retirement accounts, your income including paychecks, structured settlement payments and annuities
"Structured settlements are an effective tool to provide financial security, which most families desperately need after a serious accident or death." – Nancy Starnes, Vice President of the National Organization on Disability.
Many people retain structured settlements or insurance-backed annuities due to unfortunate life circumstances. From car accidents to medical malpractice, recipients of structured settlements are usually faced with emotional stress and physical limitations.
Sometimes,
the annual payments from a structured settlement or annuity just aren't enough.
When an emergency situation comes up or a new financial opportunity appears,
you could need more funds than the settlement awards you each month. Many
people find that selling your
structured settlement (rather than waiting for
the money to arrive at some future date) can be extremely helpful for a number
of reasons.
Inflation is an increase in the general level of consumer prices or goods in an economy over time. Consequently, inflation erodes the purchasing power of money.
The long-term dollar amount you are awarded through a structured settlement can be worth much less by the time the payouts are received.
In basic terms, a structured settlement is a financial or insurance arrangement in which periodic payments are made to the recipient to resolve a personal injury tort claim. It is an alternative to a lump sum payment, which makes it a popular choice for the plaintiffs and the defendants. The actual payment schedule will be set up by both parties involved, and can be tailored to meet the recipient's specific needs.
Haiti disaster hits home for Client First Settlement Funding employee, and native Haitian Westman Senat
BOCA RATON, Fla., Jan. 19 - PRNewswire - In the aftermath of Haiti's largest recorded earthquake since 1770, an estimated three million people are in need of emergency aid and supplies. For Client First Settlement Funding, a structured settlement funding firm, the earthquake has hit home on a personal level, and it is taking action to help the Haiti relief effort.
