Quote:
Originally Posted by masraum
That'd be tough. I think I'd prefer to get it all now and invest. But as stated, either way assuming the remainder can be inherited if you die before the 30 years is up, you can't really choose incorrectly.
|
I used to think take the annuity and get paid over twenty years and pay taxes as you receive the money. One day a few years ago when researching my theory I came across a video from Kevin O' Leary from shark tank. What struck me first is, if you take the annuity you are at risk if the state or lottery commission goes bankrupt? I never thought of that. Take the money upfront. Second if you invest moderately you will actually earn more at the end of the twenty years. I can't find the video I saw but this one from him is similar.