Summary
DEAR BRUCE: A relative recently won a large sum of money in the lottery. She opted for an annuity. She was told that it's better to take the cash option. Which choice is better if you're expected to win more than $10 million? - Reader, via e-mail.
Everybody would like to win more than $10 million, but the number that the lottery advertises is not what they're willing to pay. It's what they will pay over a very substantial number of years by purchasing an insurance annuity.See the full content of this document
Extract
Get Your $10 Million - Now
It is almost never a good choice to take the annuity. You're far better off to pay the taxes and have the use of the money immediately. I woul...
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