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.

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.

 

How To Avoid Common Financial Scams

12 / 06 / 2017 / 0 comments

avoiding-scamsIf there is one thing that we all try to avoid, it’s being scammed or ripped off.

What is truly troublesome is a scam that would ruin your future retirement and deplete all the money that you have contributed to it. Although we try to be diligent in detecting scammers, whether it is over the phone or via email, many of us still fall victim to it. When it comes to conmen trying to scam their next customer, they tend to target retirees and senior citizens as scammers know that this target audience tends to have a good amount of money in their savings accounts.

Nearly 1 in 5 Americans over the age of 65 have been victimized by financial rip-offs, according to a 2016 study from the Investor Protection Trust(Source).

“Swindlers and hackers pinched $16 billion from 12.7 million U.S. consumers in 2014”, according to Javelin Strategy & Research’s 2015 Identity Fraud Study (Source). That number is enough to want to take major initiatives to protect yourself, your family, and your bank accounts.

The Various Types of Fraud/Scams

When it comes to fraudulent activity, we often associate it with stolen money out of our bank account but there are other types of fraud that does not have to do directly with your bank account.

Contractor Fraud

When your home needs renovations and updates, we usually call a contractor to do the job. A reputable contractor has a habit of overcharging, leaving you paying more money than you should. Some signs that a contractor is trying to rip you off is:

  • Asking for money/cheque up front
  • Entering your house without your permission (to steal)
  • And trying to sell insurance claims to you

Medical Fraud

Sometimes, a doctor can try and lure you in in order to charge you more so that they themselves can benefit from Medicaid.

Other common types of fraud are: reverse mortgage, bereavement, and investment fraud.

Tips To Avoiding Scams

  • Never e-transfer or wire money to someone you don’t know
  • Never disclose your financial information/passwords/logins/pin numbers
  • Don’t open suspicious emails
  • Always use complicated passwords that only you know
  • Install anti-virus programs on your computer

Always be skeptical of who you trust and always try to choose a company that is listed with the Better Business Bureau.

You work hard to save for retirement, so why not do everything you can to ensure that it is safe? 

 

A Simple Spreadsheet Can Be The First Step Towards Financial Freedom

28 / 04 / 2017 / 0 comments

spreadsheetFor many, early retirement seems like a just another pipe dream. Maybe if you threw in the words, ‘sole heir’ or ‘mega-million winner’ along with it, it would seem more plausible. We understand that money isn’t an issue for some people, but it is for the overwhelming majority. There are so many bills to organize and pay and when you add children into the mix, your expenses only get higher. With necessary expenses such as groceries, water, electric, college funds, cable, and more to consider, the prospects of retirement seem to get farther and farther away. However, early retirement is, in fact, doable and not nearly as difficult as one may think it to be. It all starts with tracking your spending.  

Keeping Tabs On Your Spending

Tracking your spending is the first step to early retirement and financial freedom. If you play your cards rights–instead of playing the lottery–and start tracking your spending religiously, you too will have the ability to save up sufficient funds that will allow you to attain financial independence and if you want, early retirement.

Every time you make a purchase or pay a bill, log it into your spreadsheet. Whether its for gas, groceries, the water bill, or a nice pair of shoes you couldn’t resist, make sure you enter it in your spreadsheet. If you really make the effort to do this, by the end of the year, you will know exactly what you have spent. From there, you can get a better idea of the kind of spending that needs to be reduced–restaurants, retail therapy, etc.–and determine how much you can live on each year.

Now here comes the tricky part, once you have come up with a reasonable number that will allow you to save and be financially comfortable, you must stick to that budget.

Just like most things, the first year is always the hardest, but once you get used to the system, you will eventually be able to find more ways to save. With clear and realistic retirement goals put into motion, make sure you have more than one saving account to keep your money–401K, health savings account, etc.

With the right mindset, financial freedom and early retirement is definitely possible.

 

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