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| Topic | Mega Millions Jackpot Over $1Billion... |
| CellBlock7 07/27/22 5:44:20 PM #22: | pionear posted... I guess when you take the yearly, some of it is paid with Interest (and they tax that as well) so long term wise its more profitable for them to do it that way Oh its certainly more profitable long term to take the annuity payments, but a lot of times people elect for the one time lump sum for various different reasons. Personally I would also take the lump sum because of my health so I would want to have that money to leave to my kid because in my state I cannot leave my lottery annuity to my kid. When I die, those payments cease. Im sure I could find a way around that, but its likely easier to take the big lump sum. Also I know a lot of people elect for the lump sum because while the payments give you the entire jackpot over the long period of time, you can potentially make a lot more investing with the lump sum right away. --- A Medicore Time with Tom & Dan BDM 4 Life ... Copied to Clipboard! |
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