by Structured Settlement Watchdog
If you are thinking about retiring early, does it make sense to take Peachtree's advice* and sell a stream of tax free income that you are already receiving (or scheduled to receive) and sell it for a discounted amount of cash which you then invest (most likely on a taxable basis) hoping to produce more income (on the discounted amount), in an environment in which taxes are likely to go up in the long term?
While sometimes legitimate reasons to sell your structured settlement are raised, the implications of this bit of 'dog do" retirement planning from the Peachtree mutt suggests that more "puppy pads" and 'crating" may be required, in my opinion.
Fortunately a judge must approve structured settlement transfers under the structured settlement protection acts in effect in 48 states.
*appeared in a web page linked to a Google alert of November 19, 2012.
Leave a Reply