Say you settled your personal injury case in October 2007 and your financial planner or stock broker brushed off a structured settlement for you or your client because they thought you "could do better over the long term". You did too!
It was just announced at 945am on CNBC that the NASDAQ market is down 22% from its October high, with the Dow off 17%, the S&P off 18%. If you had invested $1million how would you feel to be down $180,000-$220,000?
Structured settlements offer a degree of safety and stability that investments in the stock market, simply cannot provide to a tort victim who cannot afford to take risk. This is because many tort victims have no means to earn back their mistakes. For the rest of the eligible recipients, the tax free income from structured settlements can form part of the defensive base of your portfolio.
"Structured settlements protect the needy from the greedy… this is about guaranteed lifetime income" Joe Jamail, Austin TX January 17,2008
Leave a Reply