There are plenty of perfectly good reasons to sell a military pension or other income stream. Whether you need cash to support your family while you go back to school (government benefits like the GI Bill are great, but your family can't eat them), you have unexpected bulls which you need to pay off, you want to start a business, or any number of other perfectly legitimate reasons, you may find yourself needing the cash more than the income stream. In those cases, a pension buyout may make sense for you.
You may be asking yourself, "Is this even legal?" The short answer is, yes, it's legal. In some states, you may have to obtain a judge's permission before you can obtain pension buy outs, but the income stream is yours, and it is your right to sell it as long as you can demonstrate that doing so will legitimately benefit you. Other states are much more lenient, and trust you to make your own judgments on such matters.
If you've considered a military pension buy out, then you've certainly asked yourself, "How much will my pension sell for?" Or "How much will I receive if I sell my VA disability payments?" The truth is that there are a number of factors that determine how much you can receive from your military pension buyout. These include:
How much you receive for pension payments. It goes without saying that this is dependent on your years of service, your rank at the time of retirement and sometimes other factors.
What percentage of your military pension you decide to sell. It's important to note that you don't have to completely sell your entire income stream. Most pension buyout companies are happy to work with a percentage of your military pension.
Which company you are dealing with. Believe it or not, pension buy outs are not one size fits all. The companies which offer them may vary considerably in how much they offer you. Make sure any company you deal with is courteous to you and that their offer is competitive.
Retired service members should carefully consider their options before cashing in a military pension or other income streams. It a pension buyout makes sense for you in your situation, make sure you understand all of the terms and conditions and that you get the best price available for your pension buyout. Ask around. You should ideally ask several companies, "How much will my pension sell for?" before deciding on one to do business with.
Buy-My-Annuity.com (BMA) is a diversified financial services company that specializes in assisting clients sell their Annuity or Pension income stream. BMA offers a solution to its client's financial problems by assisting them sell their income stream for a lump sum of cash so they can get ahead to pay off debt, start a business, complete a project, or do whatever they want. http://buy-my-annuity.com