Lottery Winnings: Lump Sum or Annual Payment?

why is lump sum lottery less
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Should Lottery Winners Take the Lump Sum or Annuity Payout? · Consistent income: Taking home the annuity option guarantees that you will have a

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

why do lottery winners go broke Let's say you win and decide that the smaller lump sum is plenty, opting for the one-time payment Then, you're immediately going to be saying

why do poker players wear visors 50% CASH OPTION: ONE LUMP SUM PAYMENT PRIZE, Annual Payment Before Taxes, Annual Payment After Federal Income Tax Withholding* $1,000,000, $500,000, 380,000