Lottery Annuity or Lump-Sum - Which Is Better?
Every lottery player dreams of hitting the jackpot. Sometimes, even before the results are announced, most of them even plan what to do with the money. Winning the jackpot is one part of the thought process, but when you do win, the execution on the amount that you have won is most important. However, there are two ways you can claim the life-changing amount: Lump Sum: where you receive the whole jackpot amount all at once after tax deductions Annuity: Where the total jackpot amount is divided into 30 equal installments and sent in the form of a cheque to the winner each year Read on to find out which is better, annuity or lump sum. Investment If you have good knowledge about investment and know where to put your money to yield higher financial returns, then lump sum is a great idea as the rate of interest and the profit margins remain the same for the numbers. On the other hand, if you are a person who may spend lavishly or has the ability to buy luxuriou...