by Structured Settlement Watchdog®
Is it time to laugh with Einstein Structured Settlements instead of laughing at the structured settlement social media road kill stew they continually serve up? I'll let readers decide.
This week's entry about why you should sell your structured settlement by Einstein says:
"Bad Economy – When the economy is great and you have a job, it sure sounds great to accept payments over thirty years. Then after the economy takes a downturn and you lose your job, you find that it would have been smarter to get that lump sum payment…after all, money on paper is only as good as the paper that it’s written on…"
Don't you think those that lose their jobs would be more likely to be grateful to have a steady back up " job" with MetLife, or American General, or Liberty Life, or New York Life, or Berkshire Hathaway, or Pacific Life, or Mutual of Omaha, or Prudential Insurance Company of America and live within their means, rather than watching a rapidly eroding pyramid of cash?
Let's see, whether or not it is structured or paid in a lump sum, or both, settlements in United States state and federal courts are paid in US currency. US currency is made out of paper, unless you're talking silver dollars (oh stifle yourself numismatists!), checks are made out of paper, bank statements are usually made out of paper.
- For more information about the paper, US currency is printed on please click here
- If you have a paper bill then you can do fun things like track where the dollar bill goes after you used it to pay for something on Where's George?
Is money in the cookie jar or buried in your yard in a box or in an attache case shackled to your wrist (which can be hacked off by a man with a claw just like the one in that James Bond movie) safer than structured settlements paid to a bank? Then of course there are bitcoins, but then settlements aren't usually awarded in bitcoins. And as some Mt Gox exchange investors discovered in late 2013, bitcoins can be "sh*t coins"