Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Is it illegal to sell your Social Security annuity?
Old 02-10-2009, 04:57 AM   #1
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: New York
Posts: 898
Is it illegal to sell your Social Security annuity?

I certainly hope so. And I assume it is, since I don't see advertisements offering to buy the payment stream.

But does anyone know if it is actually illegal?
__________________

__________________
Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-10-2009, 05:55 AM   #2
Thinks s/he gets paid by the post
FIRE'd@51's Avatar
 
Join Date: Aug 2006
Posts: 2,315
Quote:
Originally Posted by Maurice View Post
I certainly hope so. And I assume it is, since I don't see advertisements offering to buy the payment stream.

But does anyone know if it is actually illegal?
I don't know, but if it is, I would certainly like to sell mine to Rustic23 for 28.6 times the annual payment.
__________________

__________________
FIRE'd@51 is offline   Reply With Quote
Old 02-10-2009, 06:07 AM   #3
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
Well you can sell your Military Retirement income stream, so why not SS. IMO either one would be a very stupid decision.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 02-10-2009, 06:14 AM   #4
Thinks s/he gets paid by the post
FIRE'd@51's Avatar
 
Join Date: Aug 2006
Posts: 2,315
Quote:
Originally Posted by OAG View Post
Well you can sell your Military Retirement income stream, so why not SS. IMO either one would be a very stupid decision.
IMO, whether or not it's a "very stupid decision" would depend upon the sale price.
__________________
FIRE'd@51 is offline   Reply With Quote
Old 02-10-2009, 07:50 AM   #5
Recycles dryer sheets
Robert the Red's Avatar
 
Join Date: Aug 2005
Posts: 325
Social Security Act 207

I suppose you could sell your annuity, but since no one could enforce their right to get the money from you, it might be hard to find a buyer.
__________________
Robert the Red is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
When to take Social Security sgeeeee FIRE and Money 244 05-27-2007 10:48 AM
Social Security at 62, 66 or 70? gozzie FIRE and Money 79 03-27-2007 06:52 PM
Social Security, --- Again Sundance Kid Other topics 12 03-05-2007 08:53 PM
ARE YOU SURE OF SOCIAL SECURITY idevision Young Dreamers 11 07-27-2005 01:05 PM
Social Security...or what? jake Other topics 19 10-16-2004 07:39 AM

 

 
All times are GMT -6. The time now is 01:32 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.