lottery payment options

lottery payment options

If you won the big prize in the lottery would you take the lump sum or annual payments?

Is there an amount that would make you decide that annual payments over 20 years is the better option, or is the lump sum payment the only way to go in your opinion?

Seriously depends on age:

I would say up to the age of 45 you are better off taking a yearly payment for the next 20 years.
Simply because you can’t possibly waste it all in a short time period. (which some Lotto millionaires seem to be able to do….. run through the money in a short time period and have nothing to show for).

If you suspect that you may not have 20 years left to live… then take a lump sum payment and hope that your investment choices are good enough to get to the full amount you won one day.

Neobux