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-   -   Can monthly pension payments be sold as a lump sum. (https://www.askmehelpdesk.com/showthread.php?t=499106)

  • Aug 17, 2010, 11:34 AM
    jeffhamiltoncpa
    Can monthly pension payments be sold as a lump sum.
  • Aug 17, 2010, 11:54 AM
    tickle

    Would you kindly explain further. Do you mean old age security pension payments or some other kind of pension payments and why would they be sold ?

    If your user name implies anything, it seems to be 'cpa' certified public accountant. Wouldn't a cpa normally know this information.

    Tick
  • Aug 17, 2010, 12:03 PM
    ScottGem

    There are companies that will provide lump sum payments from a structured payout. However, this is generally from a fixed term payment, not a retirement benefit which is more open ended. You would have to contact one of these firms.

    Note, that generally they pay a fraction of the total worth of the annuity.

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