Winning the lottery: Take the lump sum or the annual payments?

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

This approach can reduce the overall tax burden, as the yearly income may fall into a lower tax bracket compared to the lump sum, which could

Of course, once you get the annuity checks, you'll have to pay income tax on them But if you take the lump-sum cash prize, you'll pay tax While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% each

sat0037 In 25 years, who knows? Financial pros also point out that with a smart investment strategy, you could make more money off the lump sum than the It's a problem we'd all like to have: we've won a huge lottery jackpot, now what? Is it better to take the lump sum cash payment or the annuity paid out