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Advances: Business Funding: Articles: |
Military Pension Advance, Retirement Pension Advance, Pension Loan *, Sell PensionDo you have a military pension*, VSI pension, or retirement pension paying you small amounts spread over months or years and you want or need your money now? Would you like to get your money sooner rather than later? Do you have an immediate need to pay off debt, medical expenses, or simply wish to receive a lump sum payment for another need or want? Would you like to sell some of your military pension or sell some of a civil service or corporate pension for a lump sum? If you are receiving payments from a military pension, a federal, state, or local government pension like CalPERS ( California Public Employees' Retirement System ), a pension as a nurse, firefighter, teacher, policeman, sheriff or other civil service retiree or a corporate pension from companies like IBM, GE, Boeing, GM, and hundreds of others, you may be eligible to sell your pension payments in exchange for a lump sum today. * Qualifications for a Pension Advance or Pension Loan* (PLEASE READ):
Apply Today for a Pension Advance! How a military pension advance and retirement pension advance works: 1. You submit your information in regards to how much you receive each month from your military or retirement pension and any deductions for taxes, child support, alimony, etc. We also need to know who is making the payments to you (DFAS, GE, IBM, State of Florida, etc.) and when you receive your payments. 2. Our underwriter calculates the total amount you would receive over the next eight (8) years from your military pension or retirement pension. For example, if you receive $1,042 a month after taxes and deductions, then you would receive $100,000 over the next eight years. ($1,042 x 12 months x 8 years = $100,000) 3. The typical lump sum offer in exchange for your next 8 years of military pension or retirement pension payments is approximately 40%. So, if you could expect to receive $100,000 over eight years, you would most likely receive an offer around $40,000. This does not mean you are paying 60% for the lump sum advance on your military pension or retirement pension. Remember the rule of time value of money. Money today is worth far more then money in the distant future. This is similar to the lottery offering you $5,000,000 over 30 years or about half of that upfront. The rate varies, but appears to be a compounded rate between 12% and 16% over 8 years. This is not inexpensive, but can be considerably less then credit card or unsecured debt and often gives our applicants financial options to start businesses or purchase homes or property that are far more valuable then the 12% to 16% it costs them for the money. Our thoughts on the above...Receiving a military pension, civil service, or corporate retirement pension cash advance can be expensive. As a rule, if you have access to funding at a lower or even equal rate, you should probably take advantage of it. We know of only one underwriter offering military pension and retirement pension advances in all of the U.S.. They are extremely strict in providing funding and adhere to the requirements listed above. In addition, they fund only a very small percentage of applicants based on their criteria. With that said, if you'd still like to pursue the possibility of receiving a pension advance, we would be glad to assist you by providing you with a free, no-obligation quote. At ACF, we try to be upfront about both the upside and downside of a military pension or retirement pension advance and we do not charge any upfront fees. If anyone else tries to charge you upfront fees, we encourage you to look elsewhere. Apply Today to Sell Your Pension Payments!
Contact ACF today to receive a free, no-obligation quote to sell your pension payments for a lump sum from part of your Military, Civil Service, or Corporate Pension. For the quickest results, complete our simple and secure Online Pension Advance Application. We have NO upfront fees! Apply Today for a Pension Loan *! * The program being offered here is not actually a pension loan. The term pension loan is used as it is the term our clients are often most familiar with. Instead of a pension loan, an advance on future pension payments is being offered at a discount on those payments. The basis of the pension advance and discount are calculated on the rate of return required by the investors, risk, and the number of payments being purchased in advance. Pension loans are not being offered, but rather a pension advance. Please be advised that some pensions do allow you to take loans directly from them. Please contact your pension administrator to see if they can directly offer you a pension loan.
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