by John Darer
The South Town Tattoo and Body Piercing Blog of Fort Smith Arkansas deserves "some ink" for its contribution to Dumbest Things Written About Structured Settlements. Here's why The Structured Settlement Watchdog is giving these folks "the needle".
"Structured settlements have not normally been available"
Comment: Apparently 600 or so individuals have been plying their trade in something abnormal for over 30 years, that has resulted in the nominal estimate of $125 billion structured.
Tat is Really Dumb #2
"The Periodic Payment Settlement Act of 1982 was enacted to make huge awards additional agreeable to all get-togethers..."
Comment: Party on Razorbacks! Oh wait, the Periodic Payments Settlement Act of 1982 was enacted during the Reagan Adminstration NOT Bill Clinton's!
Tat is Really Dumb #3
"This is what is identified as 'tax deferral.' Only when you come to a decision to withdraw your cash are your gains matter to profits tax"
Comment: Structured settlements payments are income tax free if they represent damages for personal physical injury or physical sickness, wrongful death or worker's compensation. The tax deferral aspect is
Tat is Really Dumb #4
"When you decide to withdraw your resources, the coverage corporation will give you the selection to receive a guaranteed revenue for as very long as you live".
If you want "guaranteed revenue for as very long as you live" then a structured settlement, funded with an annuity is a viable option.