No...and if I had, I would have declined. The value of the structured settlement is in holding it for the agreed time to accomplish a stated goal, in this case to protect a minor for a given length of time. It would not have been beneficial to my daughter to cash out her benefits before she needed them for college.
Re: Very strange!
AskAsa
4/24/2012 11:04:49 AM
There are companies that actively seek out beneficiaries of structured settlements hoping to get them to sign over the settlement coming in favor of a much smaller lump sum payment.
We're you ever approached by any of these vultures?
Thanks for the post, Noreen.
@ Tenacious: In addition to tax-free income, here are two other long-term benefits you'll see with a structured settlement: No ongoing trust or management fees and full payments even if you return to work. More information is available at the nonprofit National Structured Settlements Trade Assn. (http://nssta.com/resources/nssta-brochures).
Re: So...On a lighter note
Drivewaygirl
4/24/2012 10:13:07 AM
I don't know when Macy's lost its mojo, but I agree. What a mess of a department store.
I hope it is still intact
tokyogai
4/24/2012 9:15:52 AM
With all the major parties out of business fro one reason or another, I hope the annuity has survived and still has some value. I have never seen a case as frought with problems as this one.
Rarely, but not really because of this incident. I find Macy's disorganized and the clerks generally unhelpful.
Re: Anything can be lethal weapon for a toddler
Value Hiker
4/23/2012 10:56:09 PM
@Noreen, thanks for the valuable information. I will pass it along to friends with kids under 10 year old. I thought it is a rare accident, now it seems wide spread.
Do you still shop at Macy's?
Re: Anything can be lethal weapon for a toddler
Noreen Seebacher
4/23/2012 7:14:25 PM
That's a sad but unfortunately common accident @ValueHiker.
The U.S. Consumer Product Safety Commission (CPSC) has identified window coverings with cords as one of the top five hidden hazards in the home. About once a month a child between 7 months and 10 years old dies from window cord strangulation and another child suffers a near strangulation. In recent years, CPSC has recalled over five million window coverings, including Roman shades, roller and roll-up blinds, vertical and horizontal blinds.
Most window blinds sold prior to November 2000 have inner cords (for raising the slats of the blinds) that can be pulled by a child and form a loop in which the child's neck can entangle. Consumers should immediately repair these types of blinds.
For a free repair kit, call the Window Covering Safety Council at 800-506-4636 or visit windowcoverings.org.
Anything can be lethal weapon for a toddler
Value Hiker
4/23/2012 7:00:33 PM
It was long time ago and a true story happened in nearby city. A couple had a toddler at home, one day, the toddler was played in her bedroom while parent were busy with daily chore. The bedroom had a window with a blind, the toddler played with the strings of the blind, and accidently hung herself. It is too late before the parent found the incident.
Parent shall always keep a close eyes on the kids.
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