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September 14, 2011

Rescue Capital Speaks out Against Erroneous Financial Information on Blogs

by Structured Settlement Watchdog®

Thank you John Zepeda of Rescue Capital (formerly of J.G. Wentworth) for opening up another front against the blog vermin whose "literary defecation"  spreads a disease of illiterate, poorly researched misinformation about annuities and structured settlements  in the hope  of increased SEO and the inebriation of pay-per- click manna.

Rats-and-baby feeding from trough
The child is a metaphor for structured settlement annuitant surrounded by the blog vermin whose literary defecation spreads a disease of misinformation

Zepeda observes "They write posts with erroneous information about financial terms that confuses the hell out of most people. I am pretty sure there (sic) doing it to trick search engines but seriously folks you need to get the facts. He then publishes  a list of  what he sees as some of the most common errors that bloggers make".

Some have to do with structured settlements and structured settlement factoring transactions. For example Zepeda says:

  • Annuities and Structured Settlements are NOT the same thing:
    A structured settlement is a financial arrangement. An annuity is a financial product that provides a series of payments over a specific period of time such as a lifetime. Delivered on a set schedule, these payments can be paid monthly, quarterly, biannually, or annually. There are many different types of annuities but they are typically sold by insurance companies. Many individuals purchase them in order to have a reoccurring source of income during retirement. As in the case of a structured settlement, the insurer, or designated third party, purchases an annuity from a life insurance company in order to provide periodic payments to the claimant.
  • Lottery winnings are NOT structured settlements:
    When you win the lottery you have the option of receiving a cash lump sum or an annuity. This is not a structured settlement.
  • Structured Settlement Factoring Transactions are NOT loans – A Structured Settlement Factoring Transaction is when you sell your future payment rights to a third party for a cash lump sum. This is not a loan. You do not have to pay the money back and it has no effect on your credit score.

Comments

It should be noted that an annuity is often purchased as a "qualified funding asset" as part of a structured settlement.

I wish more participants in the primary and secondary structured settlement market would contribute to the battle to achieve the clearest path to true structured settlement information for structured settlement consumers.

 

 

 

 

 

 

 

 

 

Posted at 06:48 PM in Misinformation about Structured Settlement Factoring, Misinformation About Structured Settlements, Rescue Capital, Structured Settlement Factoring News, Structured Settlement Watchdog®, The "Shriek" of the Week |

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    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
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    Ways You Can Structure Your Settlement Payments in 2024. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
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    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as capped or uncapped index linked structured settlement annuities where payments are adjusted based on upside changes in the S&P 500 or another index, Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team in 2024.
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    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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