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If you won the BIG lottery, would you take the cash option or annuity?

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For those who don't know, annuity is the lottery jackpot split up into 26 annual payments.  The cash option is usually a lil less than half of the jackpot, but you get it in one lump sum.
asked 6 months ago in Annuity Settlements by LemonLawAttorney (27,380 points)
    

2 Answers

0 votes
I go with the 26 annual payments, I'm still young I could hang 50 years more.
answered 6 months ago by SteveTheMan (28,020 points)
0 votes
I would take the annuity. It would be nice to know that you would have a steady income! Instead of saying what have I done with all my money I would say what will I do with it.
answered 6 months ago by YeastInfectionCure (28,160 points)

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