| Most people spend their lives planning for the | | | | needs. Since only a part of the retirement |
| future. This is important as old age may prevent | | | | payments are sold, payments are renewed again |
| people from earning a livelihood. All businesses | | | | after a few years. This simply means a person |
| even have a predetermined retirement age for | | | | may sell about five years worth of retirement |
| employees. This means even if a citizen is fit to | | | | payments. Hence in the sixth year retirement |
| work, there may not be a place that would him | | | | payments start again. |
| her. This foresight makes people opt for | | | | Studies reveal that the present value of future |
| retirement payments. | | | | payments is more than the expected value of |
| In most cases, retirement payments in the form | | | | these payments, over a period of time. Due to |
| of pensions are available from the employer. | | | | this reason many pensioners prefer selling their |
| These payments can also be in the form of | | | | retirement payments. The substantial sum of |
| structured settlements, annuities and annuity | | | | money realized from selling these payments can |
| settlements. Other types of retirement payments | | | | be used for more profitable ventures. An |
| include, mortgage notes, trust deeds and lottery | | | | increasing number of people are investing this |
| payments. People use any form of settlement as | | | | money in higher interest bonds and investments. |
| a retirement payment. | | | | Market trends have revealed that most |
| However, life is not only about planning for the | | | | pensioners prefer not to sell all their retirement |
| future. At times immediate needs may arise | | | | payments. A part of these payments are sold at |
| much before impending retirement needs. It is | | | | a discounted rate and another portion is left the |
| possible for retired persons to sell a part of the | | | | way it is structured. Selling only a part of the |
| retirement pension payments. This allows the | | | | retirement payments eases their problems and at |
| seller to receive a lump sum to fund urgent | | | | the same time helps secure retirement. |