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Structured Settlements Help Prevent The Need for Early Retirement Savings Withdrawals

By Patrick C. Farber On August 10, 2023 · 9:40 AM · Add Comment

According to a Bank of America analysis, 36 percent more people in the second quarter of 2023 made hardship withdraws from their employee benefits program than during the second quarter of 2022. Individuals are still feeling the pinch of inflation. Fortunately, injured parties with structured settlements are mostly immune from higher costs that could compel them to dip into their retirement savings.

Guaranteed [...]

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Post image showing, What More Fed Rate Hikes Mean To Structured Settlements

What More Fed Rate Hikes Mean To Structured Settlements

By Patrick C. Farber On June 28, 2023 · 12:01 PM · Add Comment
Despite a recent pause in interest rate hikes, Federal Reserve Chairman Jerome Powell recently announced that more rate hikes are on the way this year in an attempt to slow inflation further. While this is bad news for those who are seeking a mortgage or car loan, it’s good news for personal injury claimants. Annuity Yields. Structured settlement annuities base their yields primarily on [...]
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Post image for a web post by Patrick Farber about protecting plaintiff government benefits.

Protecting Plaintiff Government Benefits

By Patrick C. Farber On April 19, 2023 · 5:15 PM · Add Comment

I’ve been getting calls from attorneys and injured parties asking whether settlement proceeds could jeopardize government benefits eligibility.

Will Lindahl at CPT Institute put together these guidelines.

If a plaintiff or family member is receiving government benefits, the plaintiff must notify the applicable state agency by registered mail of the impending settlement proceeds. If the plaintiff fails to notify [...]
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Clients Can Keep More Assets While Still Qualifying For Medi-Cal Benefits

By Patrick C. Farber On April 12, 2023 · 9:04 AM · Add Comment

During the past few weeks, I’ve received calls from attorneys and clients asking whether the Medi-Cal asset cap is still at $2,000. Thankfully, the cap has increased dramatically because of wording in California’s 2022 budget.

As of July l, 2022, California increased the cap to $130,000 with an additional $65,000 per family member living in the household. Assets in Medicare Set-Asides (MSAs) are not counted [...]

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Article image from an article Multiple Uses For Non-Qualified Annuities by Patrick McNulty

Multiple Uses For Non-Qualified Annuities – Patrick McNulty

By Patrick C. Farber On March 29, 2023 · 5:36 PM · Add Comment

An often-underutilized structured settlement product is a non-qualified annuity. The annuity options are many and can be used in settlements involving employment litigation, contract disputes, environmental claims, punitive damages and other legal matters.

Freedom Income Annuity. The Freedom Income annuity from Symetra Financial allows the annuity holder to defer non-qualified monies to future dates, such as the age of majority or at retirement. The fixed [...]

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Post title photo for Patrick Farber's website post Most Americans Unprepared Financial Crisis

Suze Orman: Most Americans Unprepared For Financial Emergencies

By Patrick C. Farber On February 28, 2023 · 10:08 AM · Add Comment

Suze Orman, a long-time investment pundit, is sounding the alarm that many Americans are one emergency away from a financial crisis. In fact, a Federal Reserve survey noted that a $400 unexpected expense would cause financial hardship for 32 percent of American families. Coupled with today’s rising inflation, a large unexpected expense can be devastating.

Our current financial climate makes structuring a settlement [...]

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Graphic announcing the post titled Tax Efficient Benefits of Structuring an Employment Settlement: New MetLife White Paper

Tax Efficient Benefits of Structuring an Employment Settlement: New MetLife White Paper

By Patrick C. Farber On February 1, 2023 · 2:10 PM · Add Comment

A new MetLife white paper, “Structuring an Employment Settlement: A Tax Efficient Solution,” provides an overview of structured settlements and their benefits in employment-related settlements. It compares the different tax obligations of a lump sum payout versus a structured settlement in employment cases. It then provides the steps to create a structured settlement and includes case examples.

Written for both plaintiff and defense employment [...]

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Household Debt on the Rise - by Patrick Farber (Title Image)

Household Debt On The Rise

By Patrick C. Farber On November 17, 2022 · 9:52 AM · Add Comment

The Federal Reserve recently reported that household debt increased by $351 billion in the third quarter of the year—at its fastest pace in 15 years. Higher mortgage and credit card rates and overall inflation are making everything more expensive. Injured parties can offset some of the effects of rising prices by including an inflation component in their structured settlement.

COLA Annuities. Cost of Living [...]

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Image showing post title Special Needs Trusts And Their Impact On Section 8 Voucher Eligibility

Special Needs Trusts And Their Impact On Section 8 Voucher Eligibility

By Patrick C. Farber On October 21, 2022 · 3:54 PM · Add Comment

Special Needs Trusts (SNTs) are often set up to protect an injured party’s SSI and Medicaid payments. Settlement assets placed in an SNT are not counted when determining government assistance eligibility.
The eligibility rules are different, however, for HUD Section 8 housing assistance. Unlike SSI and Medicaid criteria, qualifying to receive assistance with rent payments is based on income, not assets.

It’s Tricky. If [...]

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Fed continue to raise interest rates graphic

Fed Continues to Raise Interest Rates

By Patrick C. Farber On September 29, 2022 · 3:06 PM · Add Comment

Last week, the Federal Reserve increased interest rates by 0.75 percent–the third time this year. Another rate increase is expected. This means we’ll see mortgage and credit card rates move higher and stock market volatility continue. Not everything is bad news, however. There is a silver lining for personal injury claimants.

Rising Rates. Ten-year bond rates are at their highest since 2011. The same [...]

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Recent Posts

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    September 25, 2026
    Key Takeaways for Personal Injury Attorneys & Claimants: With 30-year …Read More »
  • See you at the CAOC’s 2026 Class Action Seminar on Thursday, September 24 in Newport Beach

    See you at the CAOC’s 2026 Class Action Seminar on Thursday, September 24 in Newport Beach

    September 21, 2026
    We are proud to be a sponsor for the Consumer …Read More »
  • MetLife’s White Paper Provides Overview of Non-Qualified Assignments

    MetLife’s White Paper Provides Overview of Non-Qualified Assignments

    September 9, 2026
    MetLife has published a white paper that provides an excellent …Read More »

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