Jump to content
Invision Community
FORUMS BLOG/NEWS USER BLOGS USER MEDIA ADVERTS   ADD  MANAGE CHAT CLUBS & USER'S PERSONAL FORUMS LINK EXCHANGE
META-99 SEARCH ENGINE             CONTACT US
Sign in to follow this  
lancelotarnold

Selling Pension Payments & Lump Sum Advances

Recommended Posts

Selling Pension Payments & Lump Sum Advances

Pension recipients may be able to find buyers offering a lump sum in exchange for future payments, but the transfer is not as simple as selling single premium annuities or structured settlements.

PRO TIP
Many pension transfers are prohibited.

For example, federal law prohibits assigning of military and civil service pensions, and the IRS code prohibits the sale of some private pensions. Both the Securities and Exchange Commission and the Financial Industry Regulatory Authority have alerted pensioners to be wary about accepting cash buyouts.

However, a select amount of funding companies will purchase pension payments in exchange for a lump sum. Companies that buy pensions refer to the practice as factoring structured settlements or setting up mirrored pensions, pension income programs, pension advance, pension loans or secondary-market annuities.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...