Using a Structured Settlement Calculator
A Structured Settlement Calculator can now be easily found on the Structured Settlement cash site. The free online structured settlement calculator gives an accurate estimate of exactly how much a person”s structured settlement amount is worth at the time of settlement. Mr. Roger Byrne, president of SSC is pleased to launch this easy to use calculator on the Structured Settlement web site. Mr. Byrne stated, “The calculator is really easy to use and provides the same information that your lawyer would give you. The information provided is what the courts may look for when deciding on the value of your settlement.”
Mr. Roger Byrne is right about the simplicity of the Structured Settlement Calculator. There are no complex calculations involved, just simple yes/no questions. It is designed to be used by individuals who are not attorneys or who do not work for legal firms. Although the answers to the questions are simple and easy to understand, the resulting figures and values will vary greatly from one case to another. There are two main factors that will affect the value of your structured settlements, the type of injury you have suffered, and the amount of time since your injury has occurred. By using the Structured Settlement Calculator, anyone can quickly and accurately determine the amount their best interest is in selling structured settlement payments.
You will need to input personal information into the Structured Settlement Calculator such as name, birth date, social security number, and current salary. In addition to these entries, you will also be asked to choose the years and months you wish to receive payments. These numbers will be used to help determine the amount of money you will receive upon retirement. For example, someone who makes $ sixty thousand per year will be entitled to a much larger lump sum at the time of retirement than someone who makes only forty thousand per year. However, these lump sum amounts will also vary from case to case. The more information you enter, the more accurate the results will be.
If you would like to receive structured payments over an extended period of time instead of a lump sum, you will need to adjust the number of years you wish to receive payments. In order to use the Structured Settlement Calculator correctly, you should always start with the same number you want to calculate your payment amount with. Once this number is reached, start adding twenty percent to it each year until you reach the total amount you would like to receive over the course of your retirement. Once the desired amount is reached, click on the “Calculate” button of the Structured Settlement Calculator.
Once you determine the best interest rate to calculate your structured settlement payments, you will be able to determine how much you would receive if you sold all or most of your future payments for immediate cash. If you wish to keep all of your structured settlement payments, the calculator will help you determine the value of selling those payments for the current market value. For instance, if you had made three regular payments per year and your future payments are valued at fifty thousand dollars, you would sell the remaining three payments for one hundred thousand dollars. This calculation will allow you to determine how much cash you would receive if you sold all or most of your future payments.
If you would like to sell your remaining payments for a lump sum, you will need to determine the present value of your settlement. To do this, you will need to add up the present value of each payment you are expecting to receive and deduct the amount you have invested in the program. Once you have this total, you can then determine how much money you would receive if you sold all or most of your future payments. Structured Settlement Calculator is an excellent aid to have when determining an appropriate payment plan.