Months ago, when I first discovered structured settlement and thought that it would be a good option for people who would like a lump sum of cash, someone chided me, saying that I know nothing about the ins and outs of structured settlements. It’s true and that’s why I have taken the time to read about it.
The internet is a great place to learn whatever we want to learn about and I do most of my search for information online. When it comes to structured settlements, it is the same.
Just now, I was told that I could learn all about structured settlements and more from the website of StoneStreet Capital. I learned that many lottery winners who at first opted for an installment plan have benefited from structured settlements where they received a lump sum of cash instead. Sure, the amount is a little less but if you compare that loss to the potential of growing your money from that lump sum of money either through bank interests or property and stock investments, that amount lost initially is insignificant.
Of course, I don’t think that most of us would be lucky enough to strike a jackpot like that but there are many instances where people may be a recipient of a structured settlement. While having this option out cash out of structured settlements is a positive one, there are instances where it is not a good idea to get a lump sum of cash, especially for people who do not know how to manage their finances!