MISCONCEPTION #6: “I’m better off taking a lump sum and putting it in a bank or investment account.”0
Don’t take the bait! A structure is a safer and more beneficial option than depositing a lump sum anywhere.
- Structures are the ONLY tax-free option. Any interest or gains that you make from the investment of a lump sum is subject to state and federal taxes. Every payment from a structure—including cost-of-living increases—are entirely free from taxes. Not tax-deferred, tax-free.
- Structures protect you from most creditors.