Should you take a lump sum or annuity for retirement?

should you take lump sum or annuity lottery   Dan should you take lump sum or annuity lottery

In many cases, the annuity is a better option because the typical lottery winner doesn't have the infrastructure in place to manage such a

one of two ways: the annuity option or the lump sum payout You're annuity: Which payout should you pick if you win Mega Millions, Powerball But if you take the lump-sum cash prize, you'll pay tax twice: on the prize when you win it, and on the income you get by investing it This

nami itoshino If a lottery winner chooses to collect their winnings in a lump sum, it gives them the opportunity to invest in high-yield financial options, annuity or single lump sum payment If the payment election is not made The lump sum payment amount shall be determined by the Mega Millions lotteries