As we prepare for a new financial year, now is a good time to consider how your financial needs have changed over the past 12 months.
If you receive regular payments from a structured settlement or annuity, you have several options to use this asset to achieve your 2022 goals.
However, before you consider exchanging your structured settlement or annuity for a lump sum of cash, there are several questions you should ask yourself first:
When you were initially awarded your structured settlement or annuity, your monthly payments may have fulfilled your needs. However, over time, your needs may have changed. If your circumstances have changed significantly in 2021, you may want to evaluate how your annuity could best support your needs in the year ahead.
Every structured settlement or annuity is unique. You will not know how much you will receive in exchange for your monthly payments until you have consulted with a professional.
When you consult with an account manager at Rising Capital, we will first analyze the nature and value of your settlement. We will then help you assess your current financial needs and custom design a plan to help you achieve your 2022 goals.
Your structured settlement or annuity was awarded to you to support your needs. Even if you decide to exchange your monthly payments for a sum of cash, the money must be used to support your current and future goals. You may be able to pursue new opportunities or improve your life by restructuring your benefit. Your annuity is your asset, and it should always serve you.
At Rising Capital, we help annuitants make their money work for them. We understand that every annuitant is unique. Therefore, we work with you to come up with the best solution to help you achieve your short, medium, and long-term goals.
