Originally published July 29, 2015
Eleven million people will face a deep, abrupt cut in disability benefits in late 2016. Will you be one of them? If you rely on social benefits, your income is subject to the decisions of the political party that happens to be in power. If you are receiving payments, selling structured settlement cash can provide the life-line you need when other programs run out.
The 2016 presidential race is heating up, with front-runners emerging from both the Democratic and Republican camps. It is impossible to predict which party will come out on top, let alone which candidate, and therefore it’s impossible to know what social safety nets will be available in the future. Don’t leave your financial future in the hands of politicians – take the initiative to secure your interests by selling structured settlement annuities if you’re currently receiving payments and safeguard the financial well being of you and your family.
As reported in the NY Times, Social Security Disability benefits will be cut by 19% in the last quarter of 2016 if President Obama cannot convince the Republican congress to shift payroll taxes from Social Security’s retirement trust fund. Should he fail, or the presidency be handed over to a politician with a varying view of the issue, many Social Security recipients will see a dramatic decrease in their benefits. If you rely on Social Security benefits, this news should be very concerning. There’s no reason to let insecurity and unease rule your life – you can take action, regaining control of your finances and your future by selling structured settlement annuities for a lump sum.
Selling structured settlement annuities has many benefits over relying on unpredictable social safety nets. By selling your payments, you can free yourself from dependency on government programs and plan your financial future on your own terms. Selling structured settlement annuities provide sellers with a lump sum payment that can be used immediately to pay off nagging debts or take care of urgent expenses, or can be invested either in education or business ventures that will pay dividends in the long-term. Having access to a lump sum holds a myriad of advantages over relying on small payments doled out over a long period of time. Plus, you never have to worry about losing future payments due to changes in government program offerings.
Take Theo, for example. After losing his job, he relied entirely on government benefits to sustain himself. While his payments covered his expenses, there was never anything left over at the end of the month and he wasn’t able to accumulate any kind of savings. Due to a government policy change, and through no fault of his own, Theo’s benefits were drastically cut, leaving him scrambling to make ends meet. He maxed out credit cards, borrowed from friends, and even considered payday loans. Theo watched helplessly as he sank further into debt, with no help in sight from the government. Finally, he decided to take action. He was tired of depending on arbitrary and unpredictable government programs and chose to take control of his own financial future by selling structured settlement annuities. While the small monthly payments he received from his annuity did little to ease his financial hardship, the lump sum he received from selling his payments was more than enough to get him out of debt and on his way to living a financially independent life.
Consider Monica, a single mother of two who relies implicitly on government benefits to feed her family. Should her benefits be cut, she may be faced with the unfathomable situation of not having enough money to make ends meet. She knows that the loss of her benefits could only be a party or policy change away, and that’s why she chose to sell her structured settlement annuity payments. She couldn’t bear the thought of being in a position where she couldn’t afford to feed her family and decided that she needed to safeguard herself against the possibility that her benefits may be terminated. By selling structured settlement annuities, she and others like her are able to take back control of their financial future.
Many people rely on government benefits, such as social security disability, which have no guaranteed permanency. Don’t gamble with your future by simply hoping that politicians will enact policies and institute programs that are in your interest. Secure your financial future and take back control of your life by selling your structured settlement annuities.
If you’re considering selling structured settlement annuities, get please call us web_phone or request a quote to get started!
