2020 has been a rollercoaster year and you’re probably ready to wrap it up like the rest of us. Looking ahead, 2021 feels full of promise. We’re all ready for a fresh start — and, fortunately, January 1 is just around the corner.
What are you planning for this upcoming year? Since 2020 threw so many of our plans out the window, it might feel like the perfect time for that fresh start. Maybe you want to begin a new career or go back to school to pursue a passion. Or maybe your goal is to be more financially comfortable in the coming year.
If you have an annuity, a structured settlement, or lottery payments, you can use part of it to get the cash you need to launch your fresh start in the coming year.
Selling structured settlement, annuity, or lottery payments
Theoretically, your annuity, structured settlement, or lottery payments should give you cash on a regular enough basis to maintain your quality of life. But those periodic payments aren’t very helpful if you need a lump sum of cash sooner than later.
And that’s exactly what you need for many of the bigger life changes. You can’t quit your job to pursue your passions without a safety net of savings — or, at least, it’s not advisable.
Similarly, you can’t head back to school without money for your tuition. You can’t complete the remodel to make your house a dream home without a way to fund that project. You can’t pay off that credit card debt that’s been hanging over your head all year without cash, either.
That’s where we come in. At Strategic Capital, we can help review options to access money from your settlement, annuity, or lottery payments — in other words, to sell a portion of it — to get the money you need for a fresh start in 2021.
Getting cash in hand for 2021 while protecting your future
It’s important to make a distinction here. We don’t advise selling your entire annuity, structured settlement, or lottery payments. If you do, you’ll be left without those recurring payments to support you through the years.
Instead, we help you find options to sell a specific amount of your payments. That way, you can get the money you need now and still keep future payments in place for yourself.
Selling your entire settlement or annuity upfront might feel like a win. You’ll get a windfall of cash, after all. But you lose the long-term security of those payments.
Instead, our team at Strategic Capital can help you figure out how many of your payments you should sell to get what you need for your fresh start. By taking only what you need, you protect the rest of your payments, helping to safeguard your long-term financial future.
In a year that’s felt uncertain at every turn, you know the importance of planning for the unexpected. At the same time, you know there’s no guarantee that life won’t change overnight, and that might give you the push you need to make a big change in the coming year. To get money to start 2021 fresh while protecting future payments for yourself, contact our team at Strategic Capital today.