Construct Sum Settlement For Free with DocHub and make the most of your documents

Aug 6th, 2022
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How to Construct Sum Settlement For Free

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- Grandfather yourself for tax free accumulation and tax free income. In this educational video episode, Im going to address the question, what should you do with a lump sum of money from a legal settlement, an inheritance or maybe the sell of an asset? Get ready. Its probably not what you think. (upbeat music) So Im Doug Andrew and Ive been helping people optimize assets and minimize taxes now for nearly five decades, helping people primarily save for long term goals, such as retirement. But when I meet with people to help them choose the best alternatives to accumulate their money tax free, not just tax deferred. So Im not a proponent of IRAs and 401ks and pension plans and what have you. My favorite vehicle, I call the laser fund which is an acronym L-A-S-E-R stands for Liquid Asset Safely Earning Returns. And so Im gonna gift you a copy of a book called, The Laser Fund at the end of this episode as they of appreciation for watching this, because you may want to consi

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MYTH #3: The return on a structured settlement will be less than that on a traditional investment. Structured Settlement Fixed Rate of ReturnPre-Tax Rate of Return Needed to Match the Fixed Rate of a Structured Settlement3%4.00%4.97%4%5.33%6.62%5%6.67%8.28%
Instead of receiving a lump sum of money for damages, a series of scheduled payments are made from the defendant to the plaintiff over time. The result of receiving a structured settlement is increased financial security for the plaintiff and assistance to pay for medical bills or other necessities.
Selling a structured settlement is not a dollar-for-dollar exchange. The purchasing company will charge a discount rate, which typically ranges between 9 and 18 percent of the settlements worth.
A major drawback of a structured settlement is that it may jeopardize the beneficiarys eligibility for public benefits, which may be particularly problematic when the persons medical needs are covered by Medicaid rather than private health insurance.
A major drawback of a structured settlement is that it may jeopardize the beneficiarys eligibility for public benefits, which may be particularly problematic when the persons medical needs are covered by Medicaid rather than private health insurance.
A major drawback of a structured settlement is that it may jeopardize the beneficiarys eligibility for public benefits, which may be particularly problematic when the persons medical needs are covered by Medicaid rather than private health insurance.
A structured settlement provides many benefits that a lump sum cannot. For starters, both the settlement proceeds and any growth on the proceeds within the structured settlement are 100% income tax-free. The payments are guaranteed1, and so is the rate of return.
Income tax exemption: Structured settlement paymentsincluding growthare 100% income tax-free. While lump sum cash settlements are income tax-free for physical injury cases, if the money is placed in a traditional investment, then any growth is subject to income taxes.
JG Wentworth fees can range from 9% to 15%, depending on the details of your structured settlement or annuity.
MYTH #3: The return on a structured settlement will be less than that on a traditional investment. Structured Settlement Fixed Rate of ReturnPre-Tax Rate of Return Needed to Match the Fixed Rate of a Structured Settlement3%4.00%4.97%4%5.33%6.62%5%6.67%8.28%

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