One of the biggest retailers in the United States, J.C. Penney Co. Inc., announced earlier this month they have reduced their pension obligations by offering over 50,000 former employees the option between an annuity settlement and cash for annuity payments. In doing so they were able to cut their pension obligations by about $5 billion, …
JC Penney Offers Retirees Annuity or Cash for Annuity Payments Read More »
Have you hit the jackpot well and finally managed to win the lottery? Or have you won a lawsuit and gotten some hard-earned money that way? If so, you might have opted for this large lump sum might be getting paid out as an annuity for your retirement, instead of getting it all at once …
Annuities Away! Why Selling Them Might Be Your Best Bet Read More »
American consumer debt as at an all time in the country’s history. The average American has 13 credit or debit cards, owing creditors roughly 3,700 dollars. We collectively owe 11.9 trillion dollars, as of 2015, creating many financial challenges for the average American. Being poor is expensive Any person who’s struggled pay check to pay …
Keeping One Step Ahead of the Curve with Annuties Read More »
Now it might be a little hard to contain yourself. After all, you just won the jackpot, literally. You were probably expecting one of those over-sized checks with the lump sum printed on them, but in reality, you’re only receiving a fraction of your winnings in each drawn-out installment. Who has time for that? You …
The First Thing To Do With Your Lottery Winnings Read More »