Reasons to Delay Taking Social Security
John Darer • October 8, 2018
A Structured Settlement Can Help in More Ways Than One
A structured settlement can be used to replace the sums that a plaintiff would expect to receive from Social Security from the ages of 62 to 70 to enable the plaintiff to take advantage of a substantial increase in Social Security payments. For those born in 1960 or later the increase is more than 60%. That could means tens of thousands in Social Security Benefits. But that's not all.
How old will be you be in 2033? What is your life expectancy from 2033? 2033 is the year that Social Security is expected to burn through its portfolio of United States Treasury bonds and may be forced to cut benefits to about 70% of the current level.
A structured settlement can be used as insurance against a possible reduction social security payments starting in 2033. Here's how:
(1) Structured settlement payments to match up to Social Security payments you would receive from your desired start year to age 70.
(2) Structured settlement payments starting at age 70 for "insurance" to make up the 30% gap should the benefits be cut.
Click for more information on Structured Settlements for Seniors and Settlement Planning for 60+
USAA Life Insurance Company, an A++ rated insurance company, issues structured settlement annuities with 1%, 2% and 3% COLAs. USAA Life structured settlements are exceptionally compatitive on lifetime benefit payments with long duration certain periods for ages under 35.
Owners of highly appreciated NY businesses or NY real estate may benefit from a structured installment sale tax deferral program as an alternative to a 1031 exchange. MetLife's structured installment sale program is now available in NY and in all 50 states. Call 888-325-8640 for more info
A qualified assignment is part of the process to establish a structured settlement that enables a Defendant, Insurer, or Qualified Settlement Fund, to achieve a complete novation of the future periodic payment claim established by suit or agreement, through a substitution of obligors.
An annuity and a structured settlement walked into a bar, how do you tell them apart? 4structures' John Darer reviews the differences for you right here.
A lifetime structured settlement annuity turns part of your settlement recovery into guaranteed income you can’t outlive that is contractually guaranteed by a regulated life insurance company. A lifetime annuity is sometimes referred to as longevity insurance.
Structured settlement annuities can be very helpful to the budgeting process by providing guaranteed income streams and deferred lump sum payments tailored to specific budget needs and time frames identified in the settlement planning process.
Structured settlement receivables are often deceptfully marketed to investors as annuities. When the originating structured settlement factoring company buys structured settlement payments in a structured settlement factoring transaction, they are buying a receivable not an annuity.
Avoid constructive receipt if a structured settllement or structured attorney fee is to be established. Care must be taken to avoid constructive receipt.
Financial services provider USAA ranks 94th on Fortune 500. USAA Life Insurance Company, which earns the top rating of A++ from AMBest is often super competitive on longer term payment streams.
John Darer reviews Prudential Income Advantage structured settlement annuity, which provides indexed structured settlement annuity option with the potential to grow personal injury settlement funds while offering protection from market declines. 2 IRS Private Letter Rulings!
