While having some scheduled payments can be great, some annuities do not offer the flexibility one might need. With structured settlements and payments, this can work great for some and be a terrible situation for others. You’ll need to decide if your current situation calls for more control over your income. If so then you might want to consider selling your annuity now.
Another reason to sell annuity is that you might have been presented with a better opportunity to leverage your funds. Only you and your advisor can determine that, but if you have a better situation in hand that will allow you to increase your investment at a much quicker time rate then you should definitely consider selling your annuity now to cash in on the opportunity.
Okay, this is a no-brainer. You may want access to your funds, well…just because. There’s no rhyme or reason, you just want to have more control over your money and faster access to it. If that’s the case then don’t feel bad. Having the money available to do whatever you wish with it can be a little bit more comforting than knowing you have to wait for it.
