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    jeffhamiltoncpa's Avatar
    jeffhamiltoncpa Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Aug 17, 2010, 11:34 AM
    Can monthly pension payments be sold as a lump sum.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
    		  
    #2

    Aug 17, 2010, 11:54 AM

    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
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Aug 17, 2010, 12:03 PM

    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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