Structured Settlements

If you were awarded a structured settlement and you are currently receiving payments or will be receiving payments in the future we can help you obtain your cash now.

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Available day and night, just a phone call away and with amazing response and delivery time. We are committed to a dedicated focus on your financial needs.

Annuity Purchasing

Do you know that nearly 100 million Americans have prepared for retirement by purchasing annuities? Fixed annuity payments can deliver you a reliable flow of income.

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24/7 assistance and consulting is a must to cover your structured settlement transfer. Our nationwide experience will surely boost your productivity and quality of your annuity funding.

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Structured Settlement and Annuity Buyers

In life, it is difficult to anticipate events. When the unanticipated happens, Rising Capital is there to provide cash in exchange for annuities and settlements. Turn these long-term periodical payments into immediate liquidity and cash in the money that’s rightfully yours, today.

Future Payments Now!

When circumstances change, individuals may not be fully satisfied with their annuity payment plan. Indeed, they may require money sooner than the annuity would pay out. Individuals seeking a way out can elect to sell their structured settlements for immediate cash now.

Upfront Cash for Your Structured Settlement or Annuity

When you choose to convert your structured settlement or annuity into a one-time issued payment, you are giving permission for a company to receive all your regular installments. In return, you are given a large cash payment. Instead of receiving a paltry check every payment period from your court case or insurance company, you receive instead a large, one-time issued payment. In fact, many of our clients prefer transforming this complicated defrayal into dollar bills they can hold in their hand.

You can also elect to sell just a portion of your future payments for a quick lump sum and still leave a substantial amount of money in your annuity or structured settlement to receive in the future.

Whether you decide to sell your entire annuity/structured settlement or just a portion of it, Rising Capital Associates can work with you.

Contact Rising Capital Associates If You Don’t Want to Wait

Did you know that the average annuity pays out its recipient over a period of 25 years? If you don’t have that long to wait, call us now for a free estimate of what your policy is worth. Call us today at 866-444-5061

Make your dreams happen.

We will take care of your lump sum purchase for your structured settlement,
annuity, or lottery payment.

Boost Your Retirement Savings With These 5 Tips

20 / 07 / 2017 / 0 comments

 

retirement-savingSaving for retirement can be difficult for many but it is definitely feasible with the right gameplan.

The following tips can help to put you on the right track towards retirement:

1. Invest in a 401k

It’s advisable to contribute to your 401(k) plan as soon as you are earning an income that will allow you to set aside money.

You should contribute to your 401(k) as soon as your financially able to.

In 2017, the maximum salary reduction contribution to a 401(k) plan is $18,000. You will be allowed to contribute an extra $6,000 to your savings if your 50th birthday is this year.

2. IRA Catch up Contributions

Regardless of whether you have a savings plan for retirement, alternative options are out there that can help you save money. Roth IRAs and IRAs can give you a huge start on saving for retirement. The minimum contribution is $5,500 and increases by $1,00 after age 50.

3. Simple IRA Catch up Contributions

If your company has a SIMPLE IRA, you can contribute a minimum of $12,500  in 2017 and once you are over 50 years old, you can contribute an additional $3,000. Annual adjustments are possible with basic and catch up contributions for SIMPLE IRAs

4. HSA Contributions

This type of contribution is great if you have a high-deductible health plan. This HSA allows you to contribute to a health savings account on a tax-deductible basis. The contribution depends on several factors and varies for every individual based on whether you have self-only coverage or not.

HSA contributions are perfect if you have a health care plan with a high deductible as you can contribute on a tax deductible bases. The contribution is dependant on a variety of factors, and differs for every person based on if  you only have coverage for yourself or not.

5. Social Security Benefits Delaying

At age 62, you can begin collecting social security benefits. You are able to increase the benefits of monthly coverage when you delay the benefits past full retirement.

For example, those at full retirement age (66) who chooses to delay the benefits until they turn 70, will notice an increase in their benefits by 132 percent 

While you are able to collect social security benefits at the age of 62, you can get more benefits if you postpone it til you are older. Delaying benefits til age 70 generally increases those benefits by over 100%.(Source).

 

Not Saving Enough For Retirement Is The Regret of Many

19 / 06 / 2017 / 0 comments

saving for retirementThere are many things in life that change as we get older.

As we age, our needs, wants, and obligations alter and we eventually retire from our jobs. Although the concept of retirement sounds great, it may be nothing more than a pipe dream if you don’t have sufficient money to fund your it. 

Many people live with monetary anguish and wish that they had better money management skills in their younger years. Not saving for retirement is one of the biggest regrets that retirees deal with. Among Millennials, 11 percent are worried about not saving early enough for retirement while 18% among Gen X are worried about this same thing followed by 39 perfect of Baby Boomers (Source).

Saving Is Never a Bad Thing

Saving money isn’t easy and requires a great deal of discipline. By starting a retirement savings account early on in life, you will have a longer period of time to contribute.

Turning to others, such as family, for financial support can be difficult on both parties involved which is why having a decent savings account is essential in all stages of life, especially retirement.

Once you retire, there are other types of hurdles to overcome. You may have a variety of expenses such as: 

  • Medical bills
  • Assisted care costs
  • A mortgage
  • Cost of a spouse’s funeral
  • Any existing investments

While saving money for retirement is difficult for many, it can be impossible for some due to their salary. According to a recent study, 76 percent of Americans live paycheck to paycheck and 27 perfect of them have no savings at all (Source).

How to Start Saving For Retirement

It’s beneficial to start saving for old age as soon as you can, with the perfect age being your mid 20’s.

Putting aside as much as you can afford, whether that is $50, $100, or $300 a month, will drastically help when you are older. Many times, an employer will assist you with a 401 k match which will become accessible once you retire. Many times, the amount that you can contribute depends on your personal financial situation and you can only put in so much as bills and obligations get in the way.

In order to save, we must be in the mindset that it is not ‘option’, it is mandatory.

Starting to save is the hardest part but once you realize that is it essential to contribute to a savings and retirement account, it becomes easier to put that money aside each month. Remember that starting small is fine and any little bit counts. As your income increases, consider putting more into retirement in order to have a sufficient lump sum come retirement.

The Common Issues Seniors Face After Retiring

15 / 06 / 2017 / 0 comments

issues-facing-seniorsLife in retirement should be all about relaxing and enjoying the time off you worked so hard to achieve. Unfortunately, many retirees are still faced with financial obstacles.

A study conducted by the CFPB reported that since its establishment, nearly 103,000 consumer complaints were received by those who were 62 years of age and up–from people who were retired. Here were some of the issues they were dealing with:

  • Scams and identity theft
  • Difficulties with reverse mortgages
  • Managing finances after the passing of a spouse
  • Uncertainty with banking charges and fees

Scams and Identity Theft

A common issue many seniors are faced with in their retirement stages are scams and identity theft and more specifically, recovering from them. Quite frequently, seniors are at the receiving end of scams and identity theft due to their vulnerability.

Especially in the case of seniors with Dementia or Alzheimers, many hackers, scammers, and identity thieves label seniors as an easy target. Due to this, seniors have trouble disputing credit card statements that list unauthorized payments. According to a CFPB report, many complaints about credit reports were mostly filed by seniors. Many complaints regarded the inability to rectify the errors on their credit reports in addition to disputing the purchases on their cards that were unauthorized. In many cases, the seniors would convey their concerns with not knowing the correct steps to take in avoiding these types of situations.

Reverse Mortgage Difficulties

A reverse mortgage is a loan specifically for homeowners that are 62 years old and up. It allows them to turn a portion of their home’s equity into cash, eliminating monthly mortgage payments.

In many cases, homeowners will be required to sell their home to the bank in order to attain a reverse mortgage. Since they are still residing in the home, they are required to continue property tax and homeowner’s insurance payments–something that many seniors have a difficult time remembering.

There have been many instances when homes would go into foreclosure due to the lack of payments made for taxes and insurance. Many seniors are under the false impression–due to insufficient explanation–that since the bank owns their home, they are not responsible for those monthly payments which, unfortunately, is not the case.

Another reason seniors have trouble paying taxes and insurance is because their monthly reverse mortgage payment is less than they expected it to be. Sometimes, reverse mortgages are a senior’s main income throughout their retirement, and if those monthly payments are too low, it will prove to be very difficult to keep up with their other bills.

AARP recommends that investing in a reverse mortgage should be considered as a last resort (Source).

Managing Finances After The Passing Of a Spouse

No matter the situation, losing a spouse not only creates an emotional burden but a financial one, too.

The CFPB has reported that many complaints filed are from seniors regarding difficulties with accessing accounts such as their savings, or having trouble locating the necessary documents in order to access these accounts.

Studies have also shown that many seniors who have lost a spouse and have a reverse mortgage face foreclosure because the agreement was in the deceased spouse’s name and loan services took too long to respond to their inquiries.

Uncertainty With Banking Fees & Charges

There have been many instances when seniors have filed complaints regarding an unfamiliar charge on their bank statements.

Quite often, seniors will spot subscription charges that they don’t recognize or recall signing up for. Studies have shown that a vast majority of seniors tend to sign up for ads they see on TV without reviewing over the fine print. Some services may be free for a limited time, but will automatically charge customers upon the conclusion of their free trial. This is something that is generally overlooked by seniors but causes the most confusion and disputes.

One other aspect of banking that seniors have shown difficulty understanding and have filed complaints to the CFPB about are the interest rates credit cards have.

 

It is strongly suggested that the families of seniors do their best to help their loved ones attain a better understanding of financial obligations. Educating your loved ones on topics of finance can help them steer clear of any potential scams and manage their accounts with ease.

 

Statute of Limitations

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