There’s no lump sum option for a military pension, at least not in the US, and renouncing citizenship also forfeits any future pension or social security entitlements.
If you have a pension worth $1 mil, that trickles in over time, you sell it for $600,000 lump sum and just get pension payments deposited into an account of their choosing. You got some immediate cash. They get more money over time.
Ah, let me clarify: I’ve never heard of being able to sell a military pension like how JGW “buys” them, as they don’t have a buyout option that I’ve ever heard of.
There’s no lump sum option for a military pension, at least not in the US, and renouncing citizenship also forfeits any future pension or social security entitlements.
Edit: VA and healthcare benefits too.
Can you sell your pension to JG Wentworth types?
I’ve never heard of it. Doesn’t that require the pension to have a buy-out value? Military pension doesn’t have that.
If you have a pension worth $1 mil, that trickles in over time, you sell it for $600,000 lump sum and just get pension payments deposited into an account of their choosing. You got some immediate cash. They get more money over time.
Ah, let me clarify: I’ve never heard of being able to sell a military pension like how JGW “buys” them, as they don’t have a buyout option that I’ve ever heard of.