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After a lawsuit or a lottery winning, money is usually doled out to the winners in structured settlements, designed to be paid out over a long period of time. Many people hear the good news of their successful litigation or lottery drawing with ecstatic joy at first, quickly followed by disappointment at the meager monthly […]
Many people these days have structured settlements. These can be from lottery winnings, lawsuits or insurance settlements. In 2013, payouts from medical malpractice lawsuits accounted for about $3.6 billion. The average price of an employee lawsuit settlement is $150,000. For a lottery like Mega Millions, with a prize of $50 million, the initial payout is […]
We all dream of winning the lottery. It would change our lives and make us rich until the day we die. Statistically, that is actually not likely. You’re probably thinking, “Of course, winning the lottery is not likely.” But even if you did win the lottery, it is not likely that you’ll be rich until […]
What lessons are you teaching your children? Are you teaching them to look both ways before they cross the street? Teaching them the importance of respecting their elders? Teaching them the discipline of finishing the school work they have to do before they spend leisure time on their electronics? In the midst of all of […]
For many people, an annuity can be a safe, smart financial choice. Because they provide a steady, long-term source of income, annuities are a popular choice among people who need to determine their retirement finances. However, it’s almost inevitable that your financial situation will change dramatically at least once before you retire. In this case, […]