by John Darer CLU ChFC MSSC CeFT RSP CLTC
Annuities are boring financial creatures
Unapologetic for simply providing a sustainable “river of income”or a river delta that provides multiple streams of income
A 2024 AARP survey found that 20% of Americans aged 50 and older have no retirement savings at all, and 61% worry they will not have enough to last. The Census Bureau’s Survey of Income and Program Participation goes further: roughly 50% of women aged 55 to 66 have zero personal retirement savings, compared with 47% of men. “financial piece of mind” to be a top priority. 
Structured settlements make sense for those older than age 55, including plaintiff attorneys who wish to structure attorney fees.
The difficulty in living off a “mountain of cash” is to gauge life expectancy, investment risk and extraordinary and unpredictable expenses like the need for custodial care, particularly if long term care insurance has not been purchased and the individual is uninsurable.
Structured settlements, structured attorney fees, structured sales are financial tools that can give payees, stable , secure, guaranteed cash flow. Structured settlements and structured attorney fees can be funded via structured annuities or United States Treasury obligations. Structured sales, or structured installment sales, which help convert real property of businesses into an income stream are presently funded with United States Treasury obligations.
Structured Settlements For Seniors and Settlement Planning for Older Age Plaintiffs
Ol’ man river,
Dat ol’ man river
He mus’know sumpin’
But don’t say nuthin’,
He jes’keeps rollin’
He keeps on rollin’ along.
(Paul Robeson 1898-1976)
Images: Dreamstime.com
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