Lottery winnings: Should you take lump sum or annuities?

lottery annuity or lump sum
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However, there are two ways to get paid the lottery winnings: lump sum or annuity Lump-sum means that the lottery winner gets the entire amount all at the

“Most people take the lump sum because they want the money, they want to control it,” Robert Pagliarini, president and chief financial advisor

lottery numbers in order drawn Choosing a lump sum gets your client an immediate payout, but taxes will be imposed on the total amount of winnings This means winners that opt

lottery icon png Given the significant size of this lottery prize, Kehoe told Business Insider in an email, the recipient will be in the maximum income tax