Fast Fact: The Commerce Department reports that the the national savings rate for 2005 was a pathetic -0.5%.
Despite what people are telling you, "they ain’t gettin’ it done". The urge to spend is strong and the excuses not to save can be numerous. Gregory Bresiger highlights the national savings problem in Sunday’s New York Post.
Claimants, Plaintiffs, Guardians and Attorneys who don’t recognize their, or their wards’, own human frailties in this area before the settlement is finalized in their case, are missing out. For some it could be catastrophic financially as once the settlement is concluded, they may not go back on their decision not to structure the settlement, or for the attorney, not to structure his, hers or the firm’s attorney fees.
For the rest of us who have been fortunate to have not suffered the type of loss required to have the unique opportunity to be on the receiving end of a structured settlement, a Deferred Income Annuity offers a non qualified tax deferred defined benefit solution using after tax money. For more details please follow this link
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