Should You Take the Annuity or the Lump Sum If You Win the Lottery

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The lump-sum payment option allows the winner to get all their money at once This can be a good option for individuals with huge debts or who

The primary reason why many financial advisors recommend taking a lump sum is that you can generally expect better returns from investing lottery proceeds in Pros: Taxes favor taking the lump sum because rates are so low right now In 25 years, who knows? Financial pros also point out that with a

dogs playing poker Should I take the annuity? If you don't want to take the one-time payout, there's an annuity option that pays out over a period of years This Yes, lump sum payments are generally always better THINK about it… they are guaranteeing you a minimum payment They're going to invest the