FinanceAdvisor

The Monetary Policy Report to the Congress is a semi-annual report prepared by the Board of Governors of the Federal Reserve and presented to the Congress of the United States. The Chairman of the Board of Governors is called on to offer oral testimony about the report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services to the House of Representatives. continued…

Many people receiving payments from structured insurance settlements often wish they could get their money in a lump sum amount instead of receiving payments for what seems like forever. However, most do not realize that is a very real option for someone that wants to break free from the periodic payments of a structured settlement. If someone is really interested in selling a structured settlement for a lump sum of cash, there are a few common mistakes they should avoid. continued…

Once you have made the decision that selling your structured settlement is an option you want to consider, you should begin to prepare yourself for the selling process. In particular, this means preparing to meet with a buyer of structured settlements. Because this is uncharted territory, there are certain steps you should take to better equip yourself for this meeting. continued…

Structured settlement funding is one of the many terms used to describe cashing in a structured settlement for a lump sum of cash. Structured settlements are basically payment plans which pay out awards over an extended period of time. Up until the last few years, people that held structured settlements were stuck with the payment terms; however, several companies have come into the market willing to purchase these assets from holders. Individuals that once had no options are finally given the opportunity to access the money that is rightfully theirs. continued…

On Monday, Sumner Redstone fired Viacom’s CEO, Tom Freston. Yesterday, Viacom announced that its Board of Directors had appointed Philippe Dauman President and CEO and Thomas Dooley Senior Executive V.P. and Chief Administrative Officer (a newly created position). Mr. Dooley’s role is expected to be similar to that of a Chief Operating Officer. continued…

All companies go through various cycles of growth at various speeds. This is also true in the way in which the stock market embraces them, and then spits them out, and throws them away. The market darling at the moment going through such a cycle is Dell Computer. continued…

Did you know that in the USA there are considerably more lawsuits than anywhere else? Here are afew interesting facts:

1. Nine out of ten lawsuits filed in the world are filed in the United States.
continued…

Up until twenty years ago, anyone who won a lawsuit as a result of a claim involving worker’s compensation, wrongful death or accident had to accept a lump sum payment as their compensation. The payment would be intended to be invested, with the beneficiary living off of the proceeds for as long as their recovery was expected to take.
continued…

A structured settlement, which offers injury victims cash payments through a long-term annuity as compensation for their damages and medical expenses, offer a number of possible advantages over payment in a lump sum. While the lump sum payment is the traditional way for responsible parties to pay accident claims, the structured settlement offers payments over the span of an agreed-upon period of time. This length of time may span from several years up to the remainder of the life of the injured party, depending on the severity of the accident, the amount of money involved, and the agreement reached between the two parties.
continued…

Mistake One: Agreeing to sell to the highest bidder.

Unfortunately, some brokers or structured settlement/annuity sources will make a high offer just to get someone under contract. Then they will start making excuses and reduce the offer. Once you are under contract with a funding source, it is very difficult to back out. Even if you are able to pull out, you will have to start the whole process over again losing valuable time.
continued…