Lump Sum or Annuity for Lottery Winners?
Lump Sum or Annuity for Lottery Winners?
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On the other hand, the annuity option entails a lottery winner receiving a series of payments over a predetermined period of time Usually,
The lump sum is a single cash transfer whereas the annuity is a series of annual payments Most lottery winners, if given the choice, take the Mega Millions jackpot winners have two payment options annuity or cash If the winner chooses the cash option, they will receive a lump sum payment, but
real money poker app android usa For example, if you chose the annuity option for a jackpot of $100 million, your first annual payment would be $ million, and later annual payments would The annuity payout option gets delayed so that the interest on the cash lump-sum payout can accrue The first installment gets paid when the jackpot is claimed
