PWW4YOU offer closes in 3 days…

Just a quick post to remind people that the PWW4YOU offer finishes on December 15. For those who are not familiar with PWW4YOU it is a Reverse Pension Plan (RPP) that pays a fixed sum out in exchange for a waiver on your part of an associated pension plan.

In effect you as the policyholder are giving up your rights to the full value of a future pension in return for a fixed sum today, $75,000 for each policy. As long as you are under 67 years of age you will be eligible.

The purchaser of your policy is then able to create a large cashflow each year as policies mature, some will be relatively soon and others will mature over the next 50 to 60 years.

Each PWW4YOU policy requires an investment of $50 but up until December 15 there is an offer available where if you invest in 3 you get a 4th free, invest in 10 and you get 5 free and invest in 20 and you receive 10 free.

It doesn’t take too much math to work out what the returns would be under these circumstances so you’d be wise to make a multiple purchase soon if you are in a position to do so. If you are not sure seek advice from someone you trust before joining up.

Payments are made via Liberty Reserve. For some strange reason the offer is not mentioned on the PWW4YOU homepage so just be aware of that. You would need to make a purchase of 1 contract for $50 and then further purchases to the number where you want to take advantage of the various offers.

When this offer period started (01 December) there were in the region of 18,900 policies available. The current figure is 17,125 so you can see that about 10% have been sold in this period.