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Cash In by Cashing Outby Jason Rigler
3 ways you win by not waiting for future payments.
A lawsuit winner, an
annuity holder, and a lottery or jackpot winner may have one thing in common;
they are likely receiving payments spread out over time. Whether they never had
the option of taking all their money up front, or circumstances induced a
long-term payout, there are currently safe and legal options to cash in future
payments for a lump sum. Waiting out the long-term payout may or may not be the
best choice. There are at least 3 ways to win by not waiting out the terms of
the payout.
Time value of money
Inflation eats away at the value of
the dollar. A simple example is the cost of a movie ticket, just a $1 in 1969
and today you could pay as much as $15. Just imagine what your movie ticket will
cost in 10, 20,30 years. Your money today, invested today, could keep pace or
even outpace inflation with careful planning and investing.
Emotional
value of now vs. waiting
Receiving payments regularly over time can be
convenient for some and inconvenient for others. Maybe the money is a reminder
of some loss? Perhaps the amount is so insignificant that it is frustrating.
Even more likely, the financial experienced right now is taking a destructive
emotional toll. Turning future payments into the money you need today is a
viable option for emotional reasons.
Opportunity knocking
A lump sum
of money can mean taking advantage of time sensitive opportunities. A home, a
business, schooling, investments, made possible by cashing in a schedule of
smaller payments spread out over time. It’s not always the best choice, but
sometimes it is the right choice. Unforeseen circumstances lead to unexpected
opportunities that with the right resources could reap exceptional
dividends.
After discussing 3 ways to win by cashing in future
installment payments, it is proper to touch on a few ways you might lose by
cashing out. No more regular payments, no more guaranteed payments, the burden
of properly handling a large lump sum of cash, and the procedure for
accelerating your payments are all considerable reasons to not cash out. When it
comes to matters of money, what you do matters. You can cash in by cashing out,
just take care that you don’t end up cashless.
About the Author
Jason M. Rigler Marketing Manager MSN Messenger Name -MrktngGuru
www.ProsperityPartners.com
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