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Think about your retirement in your personal injury claim

On Behalf of | Oct 6, 2021 | Car Accidents

After you suffer from an injury in a car crash or collision, you may find that you cannot work for a period of time. You might also be partially disabled or be unable to return to work in the capacity that you did in the past.

As a result of the car crash and your injuries, you may be concerned about how your retirement is going to work in the future. Even if you had a good start to it, knowing the limitations you have now could mean that your retirement is starting to look differently than you imagined.

After an injury, make sure you get full compensation for lost income

Something that you should remember is that you can seek compensation for all lost income after a collision. That could include money that you lost that was supposed to go into your retirement account as well as money that you could have earned had you not been injured.

The last thing you should have to worry about is having to make up money you’ve lost, especially when you may not be in a position to do so. That’s why including retirement losses in your claim is a smart choice.

It’s easy to settle for too little, so be thorough when figuring out your losses

It is very easy for victims to take settlements that don’t really make them financially whole. You may feel rushed to take a settlement because you have bills to pay or because you need money to support your family, but be cautious about settling too soon. In reality, waiting a little longer and having your attorney negotiate on your behalf may help you get more out of your personal injury claim. That way, you can make sure that you’re getting fairly compensated for time you’ve missed from work and for future losses due to a new or worsened health condition.

Retirement is just one thing to consider when you’re making a personal injury claim. You should also think about your general income loss, medical bills and other debts that may have accrued. Don’t settle until you know exactly what you have lost and may lose in the future.

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