Litigation

Dancing Annuities

By John Darer

Prosperity Partners suggests that "you can start dancing when you discover it's possible to get cash for an annuity", and "if you don't use all the cash", they tell you to "keep dancing by putting the balance in your savings account".

Of course PPI forgot to tell you that you will be "brake dancing" because by selling your annuity at a discount you will be simultaneously putting the brakes on your long term financial security. Does trading tax free or tax deferred benefits from the annuity for taxable savings account rates make so much sense that it will have you spinning on your head?

FREEZE FRAME! According to Bankrate.com money market savings accounts are paying on the average 2.43%. Interest Checking is paying on the average 1.58%.

Oh baby!

Full post as published by Structured Settlements 4Real on September 08, 2008 (boomark / email).