what’s the difference between the annuity and cash value option in the lottery? Which is better and why?
In: 12
You get half up front if you take cash option. If you are smart and get a ‘wealth management’ they will invest the money and you live off the proceeds. In 20-25-30 years when the annunity would have run out, you should still have your capitol, your wealth and be able to leave it to your next generation, your cat, or fund some charity.
The annunity pays you 4% of the value of the winnings, for 25 years. at the end of that time, its gone.
from what I understand, a good financial management is supposed to return on average 8% the historical return on stocks is 11%
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