Lump Sum vs Annuity
Lump Sum vs Annuity
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In contrast, lottery winners who go with an annuity payment plan will not have their total earnings reduced by government taxation all at once like with a lump-
Many people who win the lottery choose to receive annuities instead of a lump sum This option reduces the risk of excessive spending, but also limits cash Analysis As you can see, if you plan on playing it safe and want to guarantee you'll be rich, the annuity will end up with more money If you rely on riskier
jack frost''s winter slot You don't get the face value In the case of the Massachusetts lottery winner, she received a lump-sum check for $168 million instead of the entire $294 million Powerball winners can either to receive their prize as a lump sum cash payment or as a 30-payment annuity Most winners take the cash option
