Financial forecasts: Structured Settlements
Jeff Booth: What creates the need for regulation?
If you or a loved one has been in an accident resulting in personal injury and you are in the process of negotiating a settlement, you are about to make decisions that could impact you financially for the rest of your life.
Depending on the extent of the injury, you have the ability to earn income for you and your family in May have been cut short or arrested, depending on the severity of injuries. The result will be that you receive compensation. This may be a few thousand dollars to hundreds of thousands of dollars. The question is what do you do with this money? The facts are that most people through burning the money in less than five years. Ninety per cent of losing money.
Jeff Booth: So, what is an annuity?
Fortunately, our Congress has recognized the problem and in 1982 amended the tax code to provide 100 percent of all rent regulation to be exempt from federal taxes and state. To qualify, the money must be taken in the form of a pension. An insurance company receives the lump and sends you a check tax free, as agreed. It is a financial plan for an injured person.
Jeff Booth: So, why take a cash settlement against a lump sum?
In the financial market, if you have been awarded to $ 25,000 or $ 2500000 what would you do with the money? Buy this great flat screen television, that new car you've been waiting for and definitely "friends" to come to provide you with many suggestions.
But instead you've met with a member of our team and developed a financial plan that you $ 6000 per month per year of more than four per cent compound interest at the rate of inflation and guaranteed for life or 30 years, whichever is longer. In addition, you and your wife wants to ensure your child the best education, from preschool to university.
So you agree to the following:
For each year in life, $ 72,000, with 30 year warranty, and each year should increase by four percent.
For preschool through high school, you must be guaranteed $ 24,000 for 12 years with annual increases of four percent.
And for the college $ 50,000 for a period of five years of inflation has increased by percent.
With a settlement of the pension above may be supplemented by a $ 2.5 million. You would be guaranteed an income of $ 5.1 million. And if you lived in life, you will receive $ 8.2 million and again all free of tax.
I am not someone who wants to be faced with personal injury, but if it does happen, it is important to make prudent decisions and you could have replaced your income with a guarantee of installation and the best education for your Child, all free of tax, it would be great peace of mind.(source)
If you or a loved one has been in an accident resulting in personal injury and you are in the process of negotiating a settlement, you are about to make decisions that could impact you financially for the rest of your life.
Depending on the extent of the injury, you have the ability to earn income for you and your family in May have been cut short or arrested, depending on the severity of injuries. The result will be that you receive compensation. This may be a few thousand dollars to hundreds of thousands of dollars. The question is what do you do with this money? The facts are that most people through burning the money in less than five years. Ninety per cent of losing money.
Jeff Booth: So, what is an annuity?
Fortunately, our Congress has recognized the problem and in 1982 amended the tax code to provide 100 percent of all rent regulation to be exempt from federal taxes and state. To qualify, the money must be taken in the form of a pension. An insurance company receives the lump and sends you a check tax free, as agreed. It is a financial plan for an injured person.
Jeff Booth: So, why take a cash settlement against a lump sum?
In the financial market, if you have been awarded to $ 25,000 or $ 2500000 what would you do with the money? Buy this great flat screen television, that new car you've been waiting for and definitely "friends" to come to provide you with many suggestions.
But instead you've met with a member of our team and developed a financial plan that you $ 6000 per month per year of more than four per cent compound interest at the rate of inflation and guaranteed for life or 30 years, whichever is longer. In addition, you and your wife wants to ensure your child the best education, from preschool to university.
So you agree to the following:
For each year in life, $ 72,000, with 30 year warranty, and each year should increase by four percent.
For preschool through high school, you must be guaranteed $ 24,000 for 12 years with annual increases of four percent.
And for the college $ 50,000 for a period of five years of inflation has increased by percent.
With a settlement of the pension above may be supplemented by a $ 2.5 million. You would be guaranteed an income of $ 5.1 million. And if you lived in life, you will receive $ 8.2 million and again all free of tax.
I am not someone who wants to be faced with personal injury, but if it does happen, it is important to make prudent decisions and you could have replaced your income with a guarantee of installation and the best education for your Child, all free of tax, it would be great peace of mind.(source)
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