Lotto Winnings: Annuity or Lump Sum?

lottery annuity or lump sum
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All annuity amounts shown are the average amounts a jackpot winner would receive Mega Millions annuity payments are made on an annually-increasing rate

Choosing a lump sum gets your client an immediate payout, but taxes will be imposed on the total amount of winnings This means winners that opt

lottery winners illinois “Most people take the lump sum because they want the money, they want to control it,” Robert Pagliarini, president and chief financial advisor

lottery sambad29 1023 The primary reason why many financial advisors recommend taking a lump sum is that you can generally expect better returns from investing lottery proceeds in