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Chief
I took the Powerball lump sum payment.
Unfortunately I only won $2.
Why? You should have got another powerball ticket with that $2
Are you saying that you have a structured settlement … but you need cash now?
877 CASH NOW!
Lump sump always. Money in my pocket today is better than tomorrow. And inflation decreases the value steadily over time no matter what you do.
Rising Star
Lump sum because I could die in a few years anyway? Too morbid?
Chief
Tomorrow is never guaranteed. I don’t want those payments into my 60’s. I’d probably take the cash and then invest a lot of it
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Annuity since I don't trust myself with the lumpsum
Community Builder
Lump sum usually means less money because of time
Community Builder
Depending on how they estimate the future returns... with a probable recession potentially in the calculation now, I'm not sure which would be better
Being that I’m only 24. I would probably do the annuity. 50 mil a year, I can live off that. I understand it’s less after taxes . Still can easily live off it 👌 and if you make a stupid decision or investment, next year you will get another big fat check
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Lump sum for sure. I don’t trust nobody to pay out an annuity from the lottery. Plus I’d rather take the lump sum and reinvest it myself. It would still be an incredibly large amount of money, so I wouldn’t feel like I was “missing out” on the annuity.
Annuity for sure. There are countless stories about people winning the lottery losing all their money in a few years. I might be better than them - but I might not be. Taking the annuity ensures you can't spend it all at once. It also gives you an out to acquaintances that ask for money - you can't give them money because you don't have it right now!
Lump sum. Higher PV
Chief
If it’s more than 10 Mn than annuity or else Lumpsum
You always take the lump sum. You're always going to be able to get a better, more diverse return with cash now.
Yeah i’m with everyone, definitely lump sum. Enjoy and live my life while my heart is beating. I also have trust issues
Lump sum. I'll be dead in 30 years or mentally worse than Biden.
Rising Star
Annuity. I’d be set for life more securely. It’s more money than I’d ever imagine having either way.
Lump sum. Can easily increase that past the annuity in 30 years if you aren’t stupid with it. No need to for 30m house that cost 6-7 figures a year to maintain and taxes. No need for a yacht, I’ll just rent one for a week once in a while for what is likely a portion of the annual upkeep / staffing cost of a yacht (7 figures for staff dock fees maintenance etc.). I’ll rent a lambo every now for fun otherwise will just have a nice Lexus or Porsche. May have a couple properties like a summer lake house and smaller homes in parents / in laws locations for visiting but otherwise don’t need homes all over. I’ll fly private but don’t need to own a plane. And sure I’ll splurge on a nice watch or two and buy some nice shoes and suits, my day to day clothes wouldn’t be much different than now, just wouldn’t have to worry about my typical budget but don’t need Dolce.
Lump sum. Don’t need the stress of potentially missing out on something because I have no control.