Why Are So Many Retirees Selling Annuity Payments for Cash?

    Written by admin. Posted in Purchasing structured settlements, Reduce debt, Sell annuity payments

    Financial management

    Starting in 2017, more than five million pensioners in the United Kingdom will finally be able to sell annuity payments for a lump sum of cash, and financial experts expect many of them to do exactly that. Here in the States, selling your annuity payments is already a common practice, as is getting cash for your structured settlement or lottery windfall.
    As with any other issue, you’ll find plenty of people offering advice on both sides of the issue, should you sell or should you keep your annuity? In England, many retirees were talked into buying low-value annuity products in the 90s, and many are now eager to finally u