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Posted on November 7, 2011
Accident survivors who settle their claims with structured settlements gain many benefits: tax-free income. Payments tailored to future needs. Financial security not subject to reductions due to interest rate or market changes.
These come with a structured settlement, and it’s worth noting that the financial meltdown has not caused any reduction or delay of anyone’s scheduled structured settlement payments.
With that backdrop, it’s interesting to read this telling article about volatility in the stock market. Titled “Why Market Volatility May Be Here to Stay” and written by Jurrien Timmer, co-manager of Fidelity’s Global Strategies Fund, the article begins:
“The volatility has certainly been gut-wrenching. In August, stock markets around the world more or less crashed.”
Got your attention? Timmer uses phrases such as “violent trading range” and cites “the ‘new normal’ of slow growth and debt deleveraging” in the U.S. He concludes by observing that “it is difficult for me to foresee a time when volatility is going to decline in a structural way.”
For more about the security of a structured settlement, please take a look at our free handout here.
While we’re at it, here’s an interesting story from Nevada trial lawyer Neil Galatz about a single mom who avoided the problems of market volatility by structuring her settlement: