Settlement Solutions Blog

  As you enter your retirement years, having a stable income is crucial. If a portion of your wealth is tied up in a structured settlement , you might be wondering, " Can I sell my structured settlement for retirement? " The answer is yes, but it’s a decision that requires careful consideration of the costs and benefits. A structured settlement provides guaranteed, regular payments over many years. 1 However, a sudden need for a large sum of money—whether for medical costs, a dream purchase, or helping family—can make the idea of a structured settlement buyout very appealing. Why a Senior Might Sell Their Structured Settlement Many retirees find themselves asking, " How do I get a lump sum from a structured settlement in retirement? " Their reasons are often different from those of a younger person. Common motivations include: Paying for Long-Term Care: The average cost of long-term care can be staggering. A lump sum can cover these expenses without depleting ot...