Lottery Winnings: Take the Lump Sum or Annuity?

A lump sum payment is generally better, as you can make a significantly more if you invest the money Sure, you lose a lot to taxes, but you

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lump sum vs annuity lottery A lump sum payment means lottery winners can accept a one-time cash payout Although the winner would be losing a chunk of their payout to taxes

lump sum calculator lottery A mandatory 24% federal tax withholding would reduce the lump sum to $ million, while a federal marginal rate as high as 37%—depending on