What's better for lottery winners, lump sum or annual payments?

lottery lump sum vs annuity
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With an annuity you can spread your taxes out over a longer period of time rather than taking a big hit by accepting the lump-sum payment

Depending on their state laws, they would still have to pay state taxes Typically, most winners choose the lump sum and can, in theory, start

lottery sambad 101023 What are the benefits of taking a lump sum payment versus annuity payments? If you take a lump sum, you have more control over your money right now You can

lottery trick Welcome to another TAM Classic! Today, we're discussing the lottery payout dilemma: annuity