If you are one of those 100 million people, it is important to consider the great impact they may have on your retirement. Selling all of your annuity payments or a portion of them may be in your best interest if you are looking to retire earlier.
This benefit cannot be ignored and is a major reason why people prefer to continue receiving annuity payments. However, if you are looking for an early retirement, selling your annuity payments could in some cases provide a bigger reward.
Sometimes, you have unexpected financial difficulties or mounting credit card debt that you are unable to get rid of, all of which puts at risk your ability to retire while you are still young enough to enjoy your retirement. In such cases, selling your annuity payments may be a better option for you. Looking at your long-term goals with retirement is key in acknowledging how selling your annuity can help you can achieve them.
If you sell your annuity payments, you may be able to pay off all your current debts and budget the rest of your life. Getting rid of car payments and credit cards that will only accumulate interest over time will help you ease your mind on finances even before retirement. Your annuity can help you pay everything off today so you do not have to worry about it in the future.
One way to achieve an early form of worry-free retirement is to sell all of your annuity payments for a lump sum of cash. This way, you can receive all your money now and take care of all those monthly bills and expenses you do not want to have after you retire. Another great option is to sell only a portion of your annuity payments. This option will allow you to get some of the cash from a trustedstructured settlement buyer for a portion of the overall money you are entitled to receive in periodic payments and receive the rest dispersed per your annuity schedule.
DRB Capital is your go-to company to help you sell your annuity payments and help you achieve your retirement goals. Call DRB Capital today to see how we can help you!