Scenarios Where You Should Consider Cashing in an Annuity Cont.

In our last blog, we discussed the situations in which cashing in an annuity is sometimes necessary or even desired. To learn more about these particular instances, read on!

Inherited Annuities

If a loved one passes away and they leave behind an annuity to a family member, sometimes that family member has no need for the annuity. Another case is also that a family member receives an inherited annuity but instead of receiving small payments over time, they would rather have cash now.

Not All Annuities Qualify

Depending on the type of annuity it is, sometimes you might not even receive money. For example, a life-only immediate annuity is not a stable source of income for you or your family because it is based on your life expectancy. As a result, this type of annuity is not guaranteed.

Annuities can help but sometimes, they are not useful or suitable to a person’s life. Life is unpredictable and things can happen that will throw off your plans. This often will cause you to need more money quicker and instantly.

If you are interested in cashing in an annuity but don’t know where to start, trust in the experts at Cashout-Annuity to help. Receive a quote today by calling us at (844) 340-6649.

Scenarios Where You Should Consider Cashing in an Annuity

Annuities offer you the chance to receive money monthly but sometimes, the amount you receive is not enough to cover expenses in your life. As a result, people look to cashing in an annuity in order to receive cash, fast. However, there are also moments when you should consider cashing in an annuity.

No Longer Need That Extra Income

Sometimes, people will face the opportunity to retire early and as a result, they invest their money in annuities to ensure their quality of life is maintained. However, there are also people who after a while of living the retired life, they grow bored. This causes them to start working again and in turn, they begin earning money to live. Since they now have a steady income again, they no longer have a use for their annuity. In this case, cashing in an annuity would benefit you!

Plans Change

People buy annuities with the mindset that they want to receive money over long periods of time. However, life is unexpected and things change which is why the option of cashing in an annuity is ideal. Whether it’s because they want to pay for a major life event, have a huge medical expense to cover, or want to invest their money in another option, cashing in an annuity is sometimes necessary or desired.

To read more scenarios in which cashing in an annuity is a good idea, please refer to our next blog!

For assistance with cashing in an annuity, trust the experts at Cashout-Annuity and give us a call today at (844) 340-6649. 

Reasons to Buy Your Retirement Home With Annuity Cash Instead of a Mortgage

Retirement is a dream-come-true for many, but it’s also potentially quite frightening. Gone are the days of income you could count on to carry you through the year and all of those surprise expenses. Between social security and your pension, you may be pretty sure you can get by, but if you’re thinking of buying a new home — whether you’re downsizing to have less to take care of or upgrading to your dream home at last — don’t make the mistake of getting a mortgage when you have an annuity you can cash out.

No Interest

Get cash for structured settlement from your annuity and pay a one-time fee. Get a mortgage and pay interest for years or more likely decades. In fact, you may wind up paying as much in interest as you do in principal, especially since many minimum monthly payments are mostly put toward interest.

No Debt

When you don’t have a lot of income coming in, you don’t want to be saddled with debt. You’ll have no easy way of paying it off. Plus, do you really want to have debt for another 10, 20, or 30 years after you’ve been through that before? Get all the cash you need now and put the stress over debt behind you. With the sale of your current property, you might not need that much more from your annuity.

Better Chances of Winning a Property

Sellers look more favorably on a cash buyer because there are fewer hoops to jump through and you’re far less likely to back out of the offer due to lack of financing. You have a better chance of winning a house with multiple bids or excluding other bids altogether if you’re a cash buyer.

Speak with a Cashout Annuity representative today by calling (844)340-6649  to learn how you can afford your retirement home and live debt-free in your golden years. An annuity may offer a sense of security, but if you can’t access the money when you need it, there isn’t much point to waiting for the money to arrive piecemeal. Get the most mileage for your money by turning an annuity into accessible cash now.

College Tuition: Why to Cash Out Your Annuity Instead of Getting a Loan

It seems like you can’t glance at the headlines without seeing something about the plight of graduates and dropouts alike burdened by years of school loans. Parents of college students trying to shoulder some of the burden often get themselves into just as much debt with PLUS loans and other private loans to raise the cash needed. If you have an annuity, it’s a much better idea to cash it out instead of taking on such long-term debt.

No Interest

Get cash for annuity payments for a single fee without having to pay interest for years or even decades that can easily add up to as much or more than the amount you borrowed. Because of interest, most minimum monthly payments put toward a loan only make a small dent in paying off the principal amount.

No Credit Check Needed

If you or your newly adult child has poor credit, it’s not relevant to an annuity cash out, but it could stop you from getting a loan. If a loan falls through at the last minute, the student may be forced to pull out of school after making plans to attend. Save the trouble and rely on cash instead.

More Flexibility

A student burdened by debt must find a good-paying job or she’ll never get out from under the monthly payments. Knowing there’s no loan to pay off allows a recent graduate to pursue unique opportunities, like travel or service or even starting a business, without worrying about paying down existing debt.

Call Cashout-Annuity at (844)340-6649 to learn more about the benefits of turning your annuity payments into cash you can use right for college tuition. Don’t limit your dreams or the dreams of your child or grandchild by passing on schools you can’t readily afford. Cashing out an annuity is a smart way to finance an education that will lead to a bright, successful future. 

Remembering Frank Palopoli: Chemist and Inventor of Clomid, Popular Fertility Drug

Saturday, August 13th, 2016 marks the day when Frank Palopoli passed from heart failure at the age of 94. He will forever be known as the talented chemist who invented Clomid, the fertility drug for woman that is prescribed worldwide. He leaves behind a loving family and a grandson, James Palopoli, the President of Cashout-Annuity.com, the leading company that assists people who want to cash in their inherited or structured settlement annuities. James Palopoli worked as Director of Operations with CBC Settlement Funding, LLC in Conshohocken, PA.  He was a Banker for 4 years prior at the Continental. He graduated from the prestigious Manhattan College in NYC with a Bachelor’s of Science in Business Administration.  

Frank Palopoli will be missed by his surviving family. Read his accomplishments and obituary in the following NY Times article: Frank Palopoli, Who Aided Fertility With Clomid Drug, Dies at 94. 

Variable Annuities and Why They’re Not The Best Choice

A variable annuity allows you to choose from a selection of investments that are tax-deferred. The amount of money you receive then depends on the performance of the investments you chose. While this may sound like a good deal, read on to learn some reasons why it’s not your best choice.

Reasons Why Variable Annuities Are Not Good
Variable annuities are often pushed on to people by annuity companies because there is usually a huge sales commission for the insurance salespeople. As a result, they try to sell you on investing in a variable annuity for their own gains. The layouts of the policies are inflated way beyond any return you could receive even in the most perfect circumstances.

• There is a lot of risk in investing in a variable annuity because you don’t really benefit from a rise in the stock market. The annuity company gives you only a tiny portion of any gains that are made and they can cap the amount you receive.
• There are big expenses and fees you will need to pay and a large tax placed on them.
• If you want to cancel the contract, there is a huge surrender charge you will have to pay.

Variable Annuity versus Immediate Annuities

A big reason why variable annuities are not a good option is because you spend more money to receive the same amount of income as you would with an immediate annuity. For example, if you pay around $100,000 for your variable annuity, you could receive the same amount of income if you invested in a $60,000 immediate annuity.

If you need help with selling annuity payments for cash, trust in the experts at Cashout-Annuity. Give us a call at (844)340-6649, today. 

How to Gain Cash for Annuity Payments

If you put some of your savings into an annuity, but need it sooner rather than later, you are not trapped. There are several options to get your money back before the end of your contract. However, each option can cost money but the best option for you depends on how much money you want to receive and the terms of your contract.

The experts at Cashout-Annuity can best explain your o

ptions and help you get fast cash for annuity payments but read on for some options you may have.

Your Annuity Can Be a Source of Cash!

Many annuity holders are not aware that they have options when it comes to selling their annuities and getting the cash they need. If the insurance company that issued the annuity will not allow you to surrender an annuity to them for cash, you may still be able to get competitive market rates by selling it to Cashout-Annuity.com.

Full Assignment

This is the best option for you if you need all your money fast.  We will get you’re a lump sum of money and we will jump in and wait for the payments for you.  You will receive a present value of the annuity.  

Partial Assignment

This is the most popular option.  We purchase a portion of your monthly payment and give you a lump sum.  This option allows you to continue to receive payments and get a lump sum. 

How Much is an Annuity Worth?

The amount of cash you will get will depend on a lot of factors, including the size of the annuity, and the size and frequency of payments you are receiving. One of the major factors in determining how much your annuity is worth is the then-current interest rate, or discount rate, when you sell.

To learn more about how you can earn cash for annuity payments, talk to the professionals at Cashout-Annuity by calling us at (844)340-6649.