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The following is a guest post. Enjoy!
A Purchased Annuity
What to Consider
Selling the Annuity
How about you all? Have you all ever received any settlements from a court case? If so, how was the settlement paid out?
Share your experiences by commenting below!
Jacob’s Thoughts – Listed below are my random thoughts as I was reading this article.
- When deciding whether to receive a court settlement as a lump sum vs. an annuity, the thing that I would look at are the fees/expenses involved and also the rates of returns offers.
- In many cases, annuities can involve higher fees and not be worth it in the long run than simply taking the lump sum and investing it yourself. Of course, there are pluses and minuses on both sides!
***Photo courtesy of http://upload.wikimedia.org/wikipedia/commons/d/dc/My_Trusty_Gavel.jpg