by John Darer CLU ChFC MSSC CeFT RSP CLTC
Kudos to structured settlement factoring company thought leader Andrew Cravenho who writes a responsible post that defends the value of structured settlements in the current environment and makes for a pleasant diversion from the "cash now pushers" that employ "the trickling payments vs big lump sum" deception on tort victim consumers.
Some poignant quotes from Cravenho's post:
"Cashing out a structured settlement eliminates the tax-free guaranteed payment stream that you and your family may receive on a monthly, annual, or semi-annual basis". (note other types of structured settlement payment streams are also possible
"With the diminishing state of the stock market and the collapsing housing market, it would be a wise investment to keep the guaranteed payment stream of structured settlement intact. Experts predict that the housing market will continue to spiral out of control for the next few years. Creating an investment portfolio from the sale of a structured settlement could create disaster for you and your family".
"In this author’s (Cravenho's) opinion, a smart investment can mean not investing at all".
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