By Joe Money on Feb 1, 2012 | In Switzerland | Comments Off
It is so nice outside today. It is finally starting to think that the Fall season now. It is in the low 70’s right now and there is a light wind, more like a breeze. It rained last night and was very windy yesterday afternoon. Everything smells nice and clean out there. It is usually dusty and stale smelling outside here. It really should heat back up to the 90’s by next week for a while, so I am just wanting to enjoy this weather as much as possible though it may be here at Self Storage Peoria. I have the weekend off in order that will be nice if it stays such as this.
The last two days at the Self Storage Phoenix Az locations where I Manage have been pretty busy. I think the nice weather helps that. Today initiated a policy of off a little slower, but we’ve only been open for business for about forty minutes now. The maintenance guy is here and both of the facilities look great. All of the trash is acquired and everything looks great. I got a lot of sleep last night and I am glad that I did. Today is cleaning day for me. I am going to clean the entire office and my whole apartment. If it is busy, I may not get to all of it.
The ironic part of this is that I recently bought a whole bottle of multi vitamins at Storage Phoenix Az and started taking one a day at the beginning of the week. I know that it is now time of year when people start getting sick as a result of changes in weather. I flew outside the state and back about a week ago, so perhaps I picked it up before I began taking the vitamins on the plane or on the airport. I might start taking that medicine items you drink before you fly and see if it works.
By Joe Money on Feb 1, 2012 | In Switzerland | Comments Off
A lot of people go through a legal case and end up getting what is known as a structured settlement. In the beginning you are able to choice from a lot of different options but many people end up with the monthly payments of an extended period of time. Those payments are known has structured settlement or annuity payments.
What happens it that usually the company that has to pay the settlement will set up some type of annuity with an insurance company that is set up in your name so that monthly payments will be paid to you over the time period that will pay you out the amount you were awarded.
The Process of Getting a Lump Sum Of Cash for Your Payment
When you are getting monthly payments it is easy to think that this is a great source of income and really it is. The problem however comes when you need a lump sum of cash immediately and you are stuck with the lower monthly payments. If you want to get a lump sum payment you will now have to sell some or all of your settlement to get the cash you need.
Are there any problems with this? The fact is that there are many ways to look at the situation and it really just depends on what the situation is for you. On the one hand you will sell the payments and get the money you need for whatever it is you need the cash for. So you get the money you need and you have taken care of what you needed.
On the other hand you have now cancelled your guaranteed source of income for over the next few months or years. On top of that you will never get the amount of cash for your settlement as it is worth. If you have a settlement for $100,000 and you sold it all you would probably only get $40-50K after fees. This is because the time value of money.
Should you Sell Your Payments For a Lump Sum?
Again this is really up to the individual. Are you in the processing of losing your home or have a medical expense that really needs to be paid? Can you afford to just sell some of your payments and not all? You have to be careful of low offers and make sure you get quotes from the structured settlement buyers out there. There are a lot of companies that buy payments from people and you need to consider the taxes, legal limitations in many cases seek an attorney to make sure your best interest are put forward.
