Lump Sum vs Annuity: Which Should You Take?

annuity or lump sum lottery
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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

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

annuity vs lump sum lottery Cash option: The current market value of the prize, paid in a single lump sum, less required withholding If you choose the cash option, this amount will be

annuity payments lottery After someone wins the lottery, they can choose the annuity or lump-sum payment option The lump-sum payment option allows the winner to get all