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"LUMP SUM" PENSION SETTLEMENTS
5/15/2013
Do you receive a monthly pension from a former employer? Are you getting regular distributions from a settlement following a personal injury lawsuit? If so, you may be targeted by salespeople offering you a lump sum today to buy the rights to some or all of the payments you would otherwise receive in the future. Typically the lump sum offered will be less than the total of the periodic payments you would otherwise receive. After acquiring the rights to a future income stream, these companies may turn around and sell these income streams to retail investors. FINRA and the SEC's Office of Investor Education and Advocacy issued an Investor Alert to inform anyone considering selling their rights to an income streamor investing in someone else's income streamof the risks involved and to urge investors to proceed with caution
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