3.01.2012

Consider Whether A Military Or Police Pension Buyout Is Right For You

When you're ready to retire after 25, 30 or 40 years with the military or police force, selling pension payments might not be the first thing on your mind. In fact, you may not even know it is an option. Military pension buyouts are available for all qualifying retirees from the Air Force, Army, Marine Corps, Navy, and Coast Guard who spent their careers serving our country. Retired police officers can also apply for a police pension buyout and receive a lump sum of cash in exchange for a portion of their future pension payments. It might be a good option to consider if you have big goals for your retirement but don't quite have the funds to make it happen at the moment. There are many reasons for selling pension payments. You might want to buy a vacation home, make an investment, open a business, go back to school, or do any number of other costly things. You have earned this retirement and you deserve to do the things you want, but you might not want to blow your whole savi ngs with a single expenditure. Early pension payouts provide an alternative option that is working quite well for many retirees. There are reputable pension advance companies where you can sell either all or a portion of your monthly or annual pension payments, in exchange for a lump sum amount. Police and military pension buyouts are not loans. You receive a cash advance, the firm receives your pension payments for the agreed upon period of time, and when that time period is over, you begin receiving your pension payments once again. It is important that you have some other form of income during the time period where you will not be receiving the payments, in order to cover your household expenses. If you're retired from years of serving our country or community and you have big dreams that require a lot of cash, a military or police pension buyout could be right for you.
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