Winning the lottery may sound like a dream for many people. Yet for those who made it a reality, it may not seem like it’s all it’s cracked up to be. Even though lottery winnings can come with a six-, seven-, or even eight-figure prize, those winnings are actually paid out over the course of … Read more
New to annuities and annuity settlements? You’re not alone — most Americans have no idea what an annuity is, let alone how beneficial these annuities can be when saving for retirement or trying to keep up with retirement expenses. With an annuity, you are able to set up a source of income that lasts for … Read more
What are structured settlements and annuity payments, and how do most people receive them? A structured settlement is a legal or insurance arrangement where the recipient agrees to receive periodic payments throughout their life, which is also known as an annuity payment. Often times this has tax advantages for the claimant (the government withholds 25% … Read more