When you first are offered a settlement from a lawsuit, workers comp claim, or other legal action, you may think that all of your worries are taken care of finally. You look forward to receiving monthly payments or a lump sum payment. You think that this money will be more than enough to take care of your pressing financial needs.
However, even with the payments coming in every month, you may realize that your budget may still be compromised without taking some precautions first. You can safeguard your money and make it work for you by hiring financial advisers, estate planners, or structured settlement annuity companies to help you.
Investing Your Money Wisely
One of the key ways that you can make your money work for you and last for as long as possible is by investing it. When you invest it in stocks, bonds, and other accounts, you may stabilize the principle of the settlement. You also may increase it once it starts earning dividends and interest.
However, if you are not an experienced investor and do not know how to get into the stock market, you might need some expert advice to get you started. The company has experienced advisers on hand to guide you when it comes to investing. You can also hire one of them to take over your account and invest the money for you.
You could keep the entire amount of money invested in the stock market and just live off the dividends if they are significant enough for this purpose. Your money will essentially last for a lifetime as long as you buy and sell wisely and invest in stocks and bonds that are low risk and stable.
Finding Out More
It is understandable that you might be nervous about handling your own money or allowing anyone else to take charge of it. You fear losing it all and once again being in financial dire straits.
Before you take any action to safeguard your settlement, you might first want to get some more information about the company. The website offers a free online form that you can fill out and request more details.
The form is fast and simple to fill out and lets you include some basic details about what services you think you might need. You can then take the actions that are right for you.